Ga life - Study guides, Class notes & Summaries

GA Life and Health Exam Questions and Answers 100% Pass Policyholders elect the governing bodies of which of the following types of insurance companies? - Correct Answer ️️ -Mutual An insurance agent is in violation of the Rules Governing Advertisement of Life Insurance and Annuities if the agent takes which of the following actions during a sales presentation? - Correct Answer ️️ -Refers to guaranteed policy dividends An insurance agent is guilty of twisting if the agent - Correc...

GA Life/Health Ins Exam Questions with 100% Correct A claiment wants to bring a recovery action against an insurance company for a loss claimed under a policy. The action must be brought a) Within 2 years. b) Within 3 years. c) Immediately. d) Only within 60 days. - Correct Answer ️️ -b) Within 3 years. Some states require a provision limiting the time parameters in which a claimant may seek recovery from an insurer under a policy. Georgia requires legal action to be brought forth ...

GA Life Insurance Exam With Complete Solutions 2024

GA Life Insurance Exam Questions and Answers 100% Pass Who elects the governing body of a mutual insurance company? - Correct Answer ️️ - policyholders What year was the McCarran-Ferguson Act enacted? - Correct Answer ️️ -1945 A nonprofit incorporated society that does not have capital stock and operates for the sole benefit of its members is known as: - Correct Answer ️️ -a fraternal benefit society The stated amount or percent of liquid assets that an insurer must have on ha...

GA Life Insurance Exam Questions and Answers 100% Pass Who elects the governing body of a mutual insurance company? - Correct Answer ️️ - policyholders What year was the McCarran-Ferguson Act enacted? - Correct Answer ️️ -1945 A nonprofit incorporated society that does not have capital stock and operates for the sole benefit of its members is known as: - Correct Answer ️️ -a fraternal benefit society The stated amount or percent of liquid assets that an insurer must have on ha...

Attained Age - ANSWER insured's age at the time the policy is issued or renewed. Cash Value - ANSWER A policy's savings element or living benefit. Face Amount - ANSWER The amount of benefit stated in the life insurance policy. Fixed life insurance - ANSWER contracts that offer guaranteed minimum or fixed benefits. Deferred - ANSWER with-held or postponed until a specified time or event in the future. Endow - ANSWER the cash value of a whole life policy has reached the contra...

GA Life/Health Ins Exam Questions with 100% Correct A claiment wants to bring a recovery action against an insurance company for a loss claimed under a policy. The action must be brought a) Within 2 years. b) Within 3 years. c) Immediately. d) Only within 60 days. - Correct Answer ️️ -b) Within 3 years. Some states require a provision limiting the time parameters in which a claimant may seek recovery from an insurer under a policy. Georgia requires legal action to be brought forth ...

GA Life/Health Insurance Exam

GA Life and Health Exam Questions and Answers 100% Pass Policyholders elect the governing bodies of which of the following types of insurance companies? - Correct Answer ️️ -Mutual An insurance agent is in violation of the Rules Governing Advertisement of Life Insurance and Annuities if the agent takes which of the following actions during a sales presentation? - Correct Answer ️️ -Refers to guaranteed policy dividends An insurance agent is guilty of twisting if the agent - Correc...