Georgia Laws and Rules Pertinent Exam Questions and Answers 100% Pass
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Module
Georgia Life and Health Insurance
Institution
Georgia Life And Health Insurance
Georgia Laws and Rules Pertinent Exam
Questions and Answers 100% Pass
A stock insurance company is BEST defined as an incorporated company that has its
capital divided into shares and - Correct Answer ️️ -is owned exclusively by its
shareholders
If an agent tells an applicant that an insur...
georgia laws and rules pertinent exam questions an
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Georgia Laws and Rules Pertinent Exam Questions and Answers 100% Pass A stock insurance company is BEST defined as an incorporated company that has its capital divided into shares and - Correct Answer ✔️✔️-is owned exclusively by its shareholders If an agent tells an applicant that an insurance policy is like a share of stock, the agent may be guilty of - Correct Answer ✔️✔️-misrepresentation Which of the following would be considered misrepresentation by an insurance agent? - Correct Answer ✔️✔️-Stating that dividends are guaranteed An agent who intentionally makes an untrue or incomplete statement in the course of an insurance transaction may be guilty of - Correct Answer ✔️✔️-misrepresentation Policy holders elect the governing bodies of which of the following types of insurance companies? - Correct Answer ✔️✔️-Mutual "Controlled business" is MOST ACCURATELY described as - Correct Answer ✔️✔️-
insurance placed by an agent on the agent's own life, property, or risks Which of the following is an unfair claims practice? - Correct Answer ✔️✔️-Failing to effectuate prompt, fa ir, and equitable settlements of claims Inducing or attempting to induce any insured person through misrepresentation to lapse, forfeit, or surrender insurance is - Correct Answer ✔️✔️-twisting
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