Georgia laws and rules - Study guides, Class notes & Summaries

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 ️...

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- Questions and Answers

Georgia Life and Health Insurance Exam Questions and Answers 100% Pass Accident - Correct Answer ️️ -An unplanned unforseen event which occurs suddenly at an unspecified place Accident insurance - Correct Answer ️️ -A type of insurance that protects the insured against loss due to an accidental bodily injury Accidental bodily injury - Correct Answer ️️ -Unplanned unforseen traumatic injury to the body Accidental Death and Dismemberment - Correct Answer ️️ -An insurance po...

GA: Life Insurance Exam Questions and Answers 100% Pass When does an Endowment Life policy mature? - Correct Answer ️️ -When the Insured dies or reaches the age or date of endowment. A securities license is required to sell which of the following? - Correct Answer ️️ - Variable Universal Life Which is a community based provider of insurance benefits: - Correct Answer ️️ -PPO The Payor Benefit Rider is commonly found in policies insuring: - Correct Answer ️️ - juveniles. ...

GEORGIA LAWS AND RULES | Questions and Correct Answers | Latest Update 2024/2025

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 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...

Georgia Laws and Rules Questions and answers latest update