Georgia insurance laws exam questions and answers 100% correct
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Course
Ga Property & Casualty Insurance
Institution
Ga Property & Casualty Insurance
Georgia insurance laws exam questions and
answers 100% correct
A temporary agent may: - Correct Answer ️️ -Continue existing business but not sell
new policies.
Premium rates that are so low that they tend to destroy competition by creating a
monopoly are referred to under Georgia insuranc...
Georgia insurance laws exam ques tions and answers 100% correct A temporary agent may: - Correct Answer ✔️✔️-Continue existing business but not sell new policies. Premium rates that are so low that they tend to destroy competition by creating a monopoly are referred to under Georgia insurance laws as: - Correct Answer ✔️✔️-
Inadequate An agent cannot hold a license for the purpose of buying insurance at a discount f or the agent or associates. Such insurance is referred to as "controlled business" if it constitutes more than what percentage of the agent's total volume of business per year? - Correct Answer ✔️✔️-15% Which of the following are required to be covered by work comp? - Correct Answer ✔️✔️-
restaurant employees Under Georgia insurance laws, a person who sells insurance for a licensed agent is known as a/an? - Correct Answer ✔️✔️-subagent In the area of auto insurance, the residual market is intended to provide insurance for the: - Correct Answer ✔️✔️-worst drivers Each of the following will satisfy the Commissioner's requirement for a place of business: - Correct Answer ✔️✔️-- an office in a shopping mall - an office in another business, such as a real estate office -a home office An agent's appointment letter may be revoked by the: - Correct Answer ✔️✔️-insurer Licensees must keep copies of all records for: - Correct Answer ✔️✔️-5 years The Commissioner may suspend or revoke an Agent's license for all of the following: - Correct Answer ✔️✔️-- having been convicted of a felony - failing to comply with a commissioner order - using fraudulent information while conducting insurance business An auto policy may be cancelled due to each of the following involving a n Insured within the prior 36 months: - Correct Answer ✔️✔️-- criminal negligence resulting in an accident that kills someone - drug addiction -drunk driving Paying a person an inducement to purchase insurance is called: - Correct Answer ✔️✔️-
rebating Each of the following is a method of satisfying the Georgia Motor Vehicle Reparations Act - Correct Answer ✔️✔️-- auto liability insurance
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