Georgia laws and rules Study guides, Class notes & Summaries

Georgia Laws and Rules Verified Answers J is an agent who recently told a claimant that his rights might be impaired if he does not complete a release form within a specified time. What could this agent be found guilty of? ️Coercion All agents licensed less than 20 Years are required to complete ___ continuing education hours every two years, ️24 In Georgia, most life insurance policies have a contestability period of ️2 years All accident and sickness plans MUST provide covera...

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? - Corr...

GEORGIA LAWS AND RULES EXAM QUESTIONS AND ANSWERS 100% PASS 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... - Correct Answer ️️ -Churning: is an illegal practice where insurance agents unnecessarily replace existing life insurance for the purpose of earning additional (higher) first year commissions An example of unfair discrimination would be - Correct Answer ️...

In Georgia, which of the following statements is CORRECT about life insurance advertisements? a. An insurance agency is responsible for advertisements placed by its insurance agents b. The commissioner of insurance must approve advertisements before they are used c. Third-party testimonials may not be used d. The dividend may be represented as guaranteed - Answer- An insurance agency is responsible for advertisements placed by its insurance agents Which Unfair Trade Practice involves an a...

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 existing life insurance for the purpose of earning additional (higher) first year commissions An example of unfair discrimination would be ️offering different terms of coverage for different pol...

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? - Corr...

In Georgia, which of the following statements is CORRECT about life insurance advertisements? a. An insurance agency is responsible for advertisements placed by its insurance agents b. The commissioner of insurance must approve advertisements before they are used c. Third-party testimonials may not be used d. The dividend may be represented as guaranteed - ANSWER-An insurance agency is responsible for advertisements placed by its insurance agents Which Unfair Trade Practice involves an ag...

Georgia Laws and Rules PertinentA 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 A...

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, the agent may be guilty of ️misrepresentation Which of the following would be considered misrepresentation by an insurance agent? ️Stating that dividends are guaranteed An agent who intentio...

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... - ANSWER-Churning: is an illegal practice where insurance agents unnecessarily replace existing life insurance for the purpose of earning additional (higher) first year commissions An example of unfair discrimination would be - ANSWER-offering different terms of coverage for different policyowners in the same risk classifica...