GA Life, Health and Accident Insurance State Exam -Georgia- *Q&A* (100% Correct) 2025/2026 |VERIFIED| [Already Passed]
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Georgia claims adjuster
Institution
Georgia Claims Adjuster
GA Life, Health and Accident Insurance
State Exam -Georgia- *Q&A* (100%
Correct) 2025/2026 |VERIFIED| [Already
Passed]
What is the primary purpose of a life insurance policy?
policyholder’s beneficiaries upon death.
To provide a financial benefit to the
Which of the following...
GA Life, Health and Accident Insurance
State Exam -Georgia- *Q&A* (100%
Correct) 2025/2026 |VERIFIED| [Already
Passed]
What is the primary purpose of a life insurance policy? To provide a financial benefit to the
policyholder’s beneficiaries upon death.
Which of the following is considered a "rider" in life insurance? A provision added to a policy that
changes its terms or coverage.
How does a health maintenance organization (HMO) differ from a preferred provider organization (PPO)?
An HMO requires members to get care from a network of doctors and specialists, while a PPO
provides more flexibility by allowing visits to out-of-network providers.
What is the difference between whole life insurance and term life insurance? Whole life
insurance provides coverage for the lifetime of the insured, while term life insurance only covers a
specified period.
Which of the following is not typically covered under an accidental death and dismemberment policy?
Death caused by natural causes.
What is the purpose of underwriting in life insurance? To assess the risk of insuring an applicant
and determine the premium rates.
What does a "waiting period" refer to in an accident and health insurance policy? The period of
time after the policy starts during which no claims are paid.
How do premium rates in a group health insurance plan typically compare to those in an individual
health insurance plan? Premiums are generally lower in group health insurance plans due to the
risk being spread across multiple individuals.
1
, What is the maximum age at which a person can typically purchase a standard life insurance policy?
It depends on the insurer and policy type, but typically around 80 years old for most term life
policies.
Which of the following is true about a disability income insurance policy? It provides monthly
benefits to replace income if the policyholder becomes unable to work due to illness or injury.
How does a "cash value" feature in whole life insurance work? A portion of the premium is set
aside to build a cash value that can be borrowed against or used to pay future premiums.
In Georgia, what is the minimum time frame an individual must wait before taking a life insurance
policy's free look period? 10 days.
Which of the following is not typically included in a health insurance policy’s basic benefits?
Routine dental care.
What is the purpose of a "beneficiary" in a life insurance policy? To designate who will receive the
death benefit upon the policyholder’s death.
What does an individual health insurance policy’s "coordination of benefits" clause do? It
determines how claims are paid when a policyholder has multiple health insurance plans.
Which of the following is the most common form of health insurance in the United States?
Employer-sponsored group health insurance.
What is "moral hazard" in relation to health and life insurance? The risk that a policyholder may
take more risks or make less effort to avoid losses because they are insured.
How is an accident policy different from a health insurance policy? An accident policy typically
covers only injuries caused by accidents, not illnesses.
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