Ga insurance commissioner - Study guides, Class notes & Summaries

GA PROPERTY & CASUALTY INSURANCE TEST- GA RULES & REGULATIONS GA Insurance Commissioner 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 Commiss...

GA PROPERTY & CASUALTY INSURANCE TEST- GA RULES & REGULATIONS GA Insurance Commissioner 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'...

Insurance GA laws P&C Exam Questions And Answers A client may pay a fee to an insurance agent in Georgia as long as the fee has a maximum de minimum value of - ANS 45$ An insurer doesn't need a reason to cancel for terminating a property or casualty policy that has been in effect less than - ANS 60 days The commissioner must hold a hearing within how many days of written demand by an aggrieved person? - ANS 30 days An agents appointment letter may be revoked by the ...

GA Insurance Rules and RegulationsNational Association of Insurance Commissioners (NAIC) - correct answer -Non-profit organization -Drafts model legislation addressing emerging problems in industry -Helps keep state laws uniform while maintaining more localized control The ______ elect Insurance Commissioners to regulate the insurance industry. - correct answer states State commissioners and departments of insurance are responsible for - correct answer ● Maintaining insurer solv...

Does the current Georgia Constitution impose term limits on governors? If so, what are they? - Answer-Just like the president, the term of office for governor is four years; an individual is limited to two, consecutive terms. UNLIKE THE PRESIDENT, two term governor can sit out for two years and run again. According to the Georgia constitution, does the Governor have the authority to exercise a line-item veto (has to do with budget)? - Answer-YEAH HE DO! But the generally assembly (house & s...

GA PROPERTY & CASUALTY TEST answers verified 2023PURE RISK TYPE OF RISK WHICH INSURANCE COMPANIES WILL INSURE IS CALLED? RANDY, THE OWNER OF A SMALL BUSINESS APPLIED FOR FIRE INSURANCE WITH LIMITS EQUAL TO 100% of THE PROPERTY VALUE. HE HAD A HUGE UNSOLD INVENTORY AND A LARGE GAMBLING DEBT. THIS MIGHT INDICATE? MORAL HAZARD PURE & SPECULATIVE RISK THE RISK OF LOSS MAY BE CLASSIFIED AS? AGGREGATE LIMIT OF LIABILITY Defined as the MAXIMUM LIMIT of coverage available under ...

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 Constitution Questions and Answers | Latest Version | 2024/2025 | 100% Pass What is the role of the Georgia Department of Economic Development? The Georgia Department of Economic Development promotes business and economic growth within the state. How long must a Georgia resident have lived in the state before running for State Senate? A Georgia resident must have lived in the state for at least two years before running for State Senate. What is the maximum number of years a me...

620-1-.01 (Administration) - 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 - ANSWER-Georgia structural pest control commission shall consist of 7 members: - The head of the department of entomology at the University of Georgia. - The commissioner of the Georgia department of agricu...

Georgia Laws, GA Property & CasualtyThe Commissioner - correct answer Chief executive officer of the office of Insurance . . . Insurance and Safety Fire Commissioner Chief Deputy I.C. - correct answer Has a $15,000 bond The Commissioner Term - correct answer Elected by the public for a 4 year term Chief Deputy - correct answer assumes the Commissioner's duties in their disability or absence Examination - correct answer At least every 5 years, examine Domestic Insurance companie...