Examination
180 minutes
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State Insurance Claims Adjusters Certification 2024-
2025
Georgia G.A Claims Adjuster Pre-Licensing Exam
Insurance Companies - Chapter 2 Review Questions and
Answers | 100% Pass Guaranteed | Graded A+ |
Read All Instructions Carefully and Answer All the
Questions Correctly Good Luck: -
Domestic Insurer - =Answer>> Under the laws of a
particular state
Foreign Insurer - =Answer>> Formed in the U.S. but
outside the state where the insurance is to be written
Alien Insurer - =Answer>> Formed in a country other
than the U.S., districts, territories, commonwealths etc
(Panama Canal Zone)
Stock Company - =Answer>> Owned by stockholders
Pay portion of their earning to stockholders as
dividends
Permit their stockholders to elect Board of Directors
Do not pay their policyholders a dividen
Mutual Company - =Answer>> Incorporated insurance
company without permanent stock or stockholders,
exist for the benefit of the policyholders, owned by
them
All owners are insureds and vice versa
Lloyd's of London - =Answer>> Not an insurance
company. Members of the association form syndicates
to underwrite and issue insurance- like coverage. This
is a group of investors who share in unusual risk.
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