Ga insurance commissioner - Study guides, Class notes & Summaries

GA ADJUSTER EXAM REVIEW QUESTIONS WITH COMPLETE SOLUTIONS VERIFIED AND UPDATED GUARANTEED PASS In GA, _____insurance cannot be written by a reciprocal type insurer. life No insurer or licensee doing business in Georgia may pay any commissions or valuable consideration to any person for services as an agent, subagent, or adjuster unless that person is duly licensed under the Code Mediation is not _____ on the parties involved, but with arbitration the decision is final and _____. Binding ...

GA Constitution Exemption Test (UGA) Questions and Answers Rated A+ Georgia operates under its ______ constitution tenth When did the final GA constitution take effect 1983 The constitution has how many articles? 11 The first constitution was written and instated in what year? 1777 composed of the House of Representatives and the Senate; has the responsibility of enacting legislation for the state (also monitors implementations = overseeing the executive branch) Georgia General Assembly The...

Georgia Constitution Exam Bel Jean Questions and Answers 100% Pass Does the current Georgia Constitution impose term limits on governors? If so, what are they? Georgia does limit the term on governors. It is the only position that has a limit on term. Governor is the highest and most powerful position. Past-1942 2 consecutive two year terms four year term 1976-now 2 consecutive four year terms Does the governor have the authority to exercise line-item veto? Governors can exercise line-item ve...

Georgia pest and termite certification ( Rules and Regulations) Exam Questions with correct Answers 620-1-.01 (Administration) -Correct Answer-Administration of the Georgia structural pest control commission shall be administered by the commissioner of agriculture Whose office is located at: 19 Martin Luther King Junior Drive Atlanta Ga, 30334 620-1-.02 Organization of commission -Correct Answer-Georgia structural pest control commission shall consist of 7 members: - The head of the de...

In Return for premium, and insurance company must.. - ANSWER-Be Fair in underwriting and pay covered losses In return for premium, an insurance company must be fair and impartial in underwriting of risks and must pay claims made for all covered losses. The part of a policy that clarifies terms in the policy is the - ANSWER-Definitions The valued policy statute applies in which of the following events? - ANSWER-In the event of a total loss by fire to a one or two family residential build...

Georgia Constitution Exam Questions and Answers Rated A+ 1.) Does the current Georgia Constitution impose term limits on governors? If so, what are they? Georgia does limit the term on governors. It is the only position that has a limit on term. Governor is the highest and most powerful position. Past-1942 2 consecutive two year terms four year term 1976-now 2 consecutive four year terms 2.) Does the governor have the authority to exercise line-item veto? Governors can exercise line-item veto...

GA Life, Health and Accident Insurance Exam Questions and Answers 100% Pass An individual wishes to purchase whole life Insurance but does not wish to pay premiums past retirement age. Which of the following policies should the person buy? - Correct Answer ️️ -Limited pay In addition to the Insurance Department, who has the authority to regulate variable life insurance? - Correct Answer ️️ -Securities Exchange Commission Rules and regulations made by the Commissioner of Insurance ...

GA Insurance Commissioner -Answer Ralph Hudgens - Serves as Chief Officer of Department of Insurance - Fire Marshall Chief -Elected every 4 years - Can run as as many time as you want - Reports to state legislature - Must not have a financial interest with an insurer - The Commissioner must appoint a chief deputy commissioner and when appointed they are required to have a $15k bond - Chief Deputy Commisioner assumes Commissioner's duties in the Commissioner's disablity or abs...

Georgia Law Already Graded A The Commissioner is elected by who? For how many years? ️The public - 4 years The Commissioner will examine domestic insurance companies how often? ️At least every 5 years. Agents and brokers must keep a record of his business for how long? ️5 years, or term of the policy, which ever is longer Domestic insurance companies or insurance holding companies are subject to ____. ️Examination Commissioner may hold a hearing based upon his belief that the...

In Return for premium, and insurance company must.. correct answer: Be Fair in underwriting and pay covered losses In return for premium, an insurance company must be fair and impartial in underwriting of risks and must pay claims made for all covered losses. The part of a policy that clarifies terms in the policy is the correct answer: Definitions The valued policy statute applies in which of the following events? correct answer: In the event of a total loss by fire to a one or two ...