Georgia insurance - Study guides, Class notes & Summaries

Georgia Insurance Laws and Rules: Quick Q&A Update

A temporary agent may: - Continue existing business but not sell new policies. Premium rates that are so low that they tend to destroy competition by creating a monopoly are referred to under Georgia insurance laws as: - Inadequate An agent cannot hold a license for the purpose of buying insurance at a discount for the agent or associates. Such insurance is referred to as "controlled business" if it constitutes more than what percentage of the agent's total volume of business per year? -...

Property and Casualty Insurance Exam – Georgia Questions and Answers 100% Pass BPP building coverage insures the building at the described location, outdoor, fixtures, furnitures, items used to service the property, permanently installed machinery and equipment, and additions under construction, including the materials, supplies, and equipment. HO limits of property at other residences the larger of $1000 or 10% Coverage C. Limit does not apply if property is moved because the residence premi...

Property & Casualty Georgia Insurance Liability Coverage - correct answer Supplementary payments, found in Part A - Liability, include expenses incurred by the insured at the insurer's request, including $200 per day for attending trials or hearings. Proof of Loss - correct answer Proof of loss is a sworn statement that must usually be furnished by the insured to an insurer before any loss under a policy can be paid. Proof of loss must be in writing. The date when injury or damage occu...

Georgia JAM Questions and Answers Rated A+ professional licensing boards division division individual appointed by the Secretary of State as director of the professional licensing boards division within the office of the Secretary of State division director any board, bureau, commission, or other agency of the executive branch of the state government which is created for the purpose of licensing or otherwise regulating or controlling any profession, business, or trade and which is...

A temporary agent may: - Continue existing business but not sell new policies. Premium rates that are so low that they tend to destroy competition by creating a monopoly are referred to under Georgia insurance laws as: - Inadequate An agent cannot hold a license for the purpose of buying insurance at a discount for the agent or associates. Such insurance is referred to as "controlled business" if it constitutes more than what percentage of the agent's total volume of business per year? -...

Insurance Adjuster Exam Questions and Answers Rated A+ Which kind of losses are covered under a standard fire policy? Direct All fires are not covered by the Standard Fire policies, only those that: are hostile and have a flame or glow At what time does a fire policy go into affect? 12:01am standard time at the location of the insured's property A property is insured under two Standard Fire policies for $25,000 each. A fire causes $10,000 worth of damage. What is the maximum amount the insur...

Georgia Adjuster Exam Questions and Answers Already Passed An insured's business is damaged because of a fire and he is forced to close business temporarily for repairs. As a result the insured lost income. What type of loss is this? Consequential also known as Indirect Loss The insured crashes into a porch and the person sitting on the porch. The person on the porch is injured. The insured's insurance policy has a limit set at $500,000. This amount applies to the total of damages for any bo...

Georgia Personal Line Exam Questions and Answers 100% Pass In an insured's neighborhood, individuals are required to pay the fire department if called to their premises. This insured has a homeowner policy. How much will the policy pay for these fire department service charges? - Correct Answer ️️ -up to $500 When applying for an individual life insurance policy, an applicant states that he went to the doctor for nausea, but fails to mention that he was also having severe chest pains....

Florida Claims Adjuster Exam, 6-20 All Lines Adjuster- Florida- Review 100% Solved Correctly | Guarantee Pass (+330 Q & A) The successful adjuster/negotiator should understand that communication includes all of the following EXCEPT? Select one: A. Verbal and non-verbal messages B. Questioning C. Listening D. Decision-making {{Correct Ans- Decision-making Which of the following is not a duty of the claims adjuster? Select one: A. Investigating B. Evaluating C. Negotiating D. Counsel...