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

Georgia Laws and Rules Pertinent Verified Solutions A stock insurance company is BEST defined as an incorporated company that has its capital divided into shares and ️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 ️misrepresentation Which of the following would be considered misrepresentation by an insurance agent? ️Stating that dividends are guaranteed An agent who intentio...

Georgia Laws and Rules PertinentA 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? - correct answer Stating that dividends are guaranteed A...

Georgia Laws Rules and Regulations Common To Property and Casualty InsuranceCommissioner Insurance - Examination: What is the period of time in which the Commissioner must conduct an examination of every authorized user. - correct answer 5 years Commissioner Insurance - Examination: What is the time frame for the Commissioner to provide the examinee a copy of the written report. - correct answer 20 days Commissioner Insurance -Hearings: FILL IN THE BLANK: ____________ days written notice...

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....

A person who is required to be a licensed agent would be a(n): - Answer- Underwriter Officer who makes decissions on the financial direction of the insurer Person who places insurance on behalf of anyone seeking insurance Administrator working in the marketing department who does no selling A domestics insurance company in Georgia is considered a company that - Answer- Only sells to Georgia residents Exclusively does business in Georgia Is incorporated and formed in Georgia ...

Georgia Laws and Rules Questions and answers latest update J is an agent who recently told a claimant that his rights might be impaired if he does not complete a release form within a specified time. What could this agent be found guilty of? Coercion All agents licensed less than 20 Years are required to complete ___ continuing education hours every two years, 24 In Georgia, most life insurance policies have a contestability period of 2 years All accident and sickness plans MU...

In Georgia, which of the following statements is CORRECT about life insurance advertisements? a. An insurance agency is responsible for advertisements placed by its insurance agents b. The commissioner of insurance must approve advertisements before they are used c. Third-party testimonials may not be used d. The dividend may be represented as guaranteed - Answer- An insurance agency is responsible for advertisements placed by its insurance agents Which Unfair Trade Practice involves an a...

J is an agent who recently told a claimant that his rights might be impaired if he does not complete a release form within a specified time. What could this agent be found guilty of? - Answer- Coercion All agents licensed less than 20 Years are required to complete ___ continuing education hours every two years, - Answer- 24 In Georgia, most life insurance policies have a contestability period of - Answer- 2 years All accident and sickness plans MUST provide coverage on newborn children...

MPOETC CERTIFICATION TEST/151 QUESTIONS AND ANSWERS (A+) 1st Amendment (1791) - √Answer :Freedom of speech, religion and press and the right to petition Quiz :2nd Amendment (1791) - √Answer :Right to bear arms Quiz :3rd Amendment (1791) - √Answer :The government may not house soldiers in private homes without consent of the owner Quiz :4th Amendment (1791) - √Answer :Freedom from unreasonable search and seizures Quiz :5th Amendment (1791) - √Answer :Double jeopardy, ...

In Georgia, which of the following statements is CORRECT about life insurance advertisements? a. An insurance agency is responsible for advertisements placed by its insurance agents b. The commissioner of insurance must approve advertisements before they are used c. Third-party testimonials may not be used d. The dividend may be represented as guaranteed - ANSWER-An insurance agency is responsible for advertisements placed by its insurance agents Which Unfair Trade Practice involves an ag...