GA Life, Health and Accident Insurance Package Deal Guaranteed A+ Must Study

Georgia Life & Health Exam Complete Solutions A variable insurance policy: ️does not guarantee a return on its investment accounts Which of the following factors affects the amount of monthly disability benefits payable under Social Security? ️The amount of the benefits available from othe...

GA Life, Health and Accident Insurance Exam Verified Solutions An individual wishes to purchase whole life Insurance but does not wish to pay premiums past retirement age. Which of the following policies should the person buy? Limited pay In addition to the Insurance Department, who has the au...

Georgia Life, Accident, & Sickness Exam Study Guide Rated A+ Insurance A social device for spreading the chance of financial loss among a large number of people. A method of transferring risks to the insurance company. Risk Shared by all those people buying like coverage's Types of Risk? Sp...

GA Life and Health Guaranteed Success Policyholders elect the governing bodies of which of the following types of insurance companies? ️Mutual An insurance agent is in violation of the Rules Governing Advertisement of Life Insurance and Annuities if the agent takes which of the following a...

All Practice Exam Questions - Life, Accident and Sickness - GA State License 100% How much participation does a Noncontributory plan require? constructive delivery The insured hands control of the policy to another person (usually the agent) beneficiary change can be made by doing what? Filin...

GA Life Insurance Exam Already Rated A+ Who elects the governing body of a mutual insurance company? ️policyholders What year was the McCarran-Ferguson Act enacted? ️1945 A nonprofit incorporated society that does not have capital stock and operates for the sole benefit of its members is...

Georgia Laws Life insurance Complete Solutions when the commissioner examines an insurer's records, who pays the cost associated with the examination. the insurance company being examined which of the following documents must an agent submit to the replacing insurance company during the rep...

LIFE ACCIDENT AND SICKNESS GA What is the maximum yearly contribution can an individual make into an IRA? An HR-10? ️2,000 or 100% of earned income, whichever is less; 100% of earned income up to $41,000 which is broader? acc bodily injury or accidental means? ️accidental bodily injury W...

(2) GA Life And Health Graded A the existing policy is kept in force and an additional policy is purchased from the same company ️Georgia's Replacement Rule applies to all of the following situations EXCEPT Waiver of premium ️A life insurance policy which ensures that the premium will be ...

Georgia Life, Accident& Sickness Agent Complete Answers Term Insurance ️Has no cash value, and you are only covered for a certain period of time, Temporary Decreasing Term ️Face value decreases, this type of insurance is used for a mortgage or to cover a loan Increasing Term ️Also know...

Georgia Laws and Rules Pertinent Verified Solutions A stock insurance company is BEST defined as an incorporated company that has its capital divided into shares and ️is owned exclusively by its shareholders If an agent tells an applicant that an insurance policy is like a share of stock, th...

Georgia Laws, Rules, and regulations Pertinent to Life and Accident and Sickness Insurance 5 Years ️The period of time in which the Commissioner must conduct an examination of every authorized insurer 20 Days ️Time frame for the Commissioner to provide the examinee a copy of the written ...

GA Life Accident And Sickness Complete Answers At what point must a life insurance applicant be informed of their right that fall under the fair credit reporting act? ️Upon the completion of the application A Group owned insurance company that is formed to assume and spread the liability ris...

GEORGIA LAWS AND RULES VERIFIED ANSWERS Using an existing life insurance policy's cash value to purchase another policy with the same insurer for the sole purpose of earning additional commissions is called... ️Churning: is an illegal practice where insurance agents unnecessarily replace ex...