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Georgia Law
Practice Test
| Question | Answer |
|---|---|
| Which type of insurer is incorporated or organized under the laws of a country other than the United States? | Alien |
| Who does an insurance agent represent in an insurance transaction? | Insurer |
| Who investigates, settles, and provides reports involving claims arising under insurance contracts? | Adjuster |
| Who enforces all laws that relate to insurance in Georgia? | Commissioner of Insurance |
| Which of the following is NOT a duty of the Commissioner of Insurance? | Writing Georgia insurance Laws |
| The insurance industry in the United States is primarily regulated by? | the states |
| If an insurer violates any section of the insurance code, what can the Commissioner issue to stop the insurer from committing the violation? | Cease and desist order |
| How often must the Commissioner examine domestic insurers? | At least once every 5 years |
| When conducting examinations, the Commissioner of Insurance can do all of the following EXCEPT? | require parties to appear in person |
| Which of the following is an insurer? | Insurance Company |
| An Insurer's license to do business in Georgia is called what? | Certificate of Authority |
| What nonprofit association in Georgia protects owners of policies issued by insurers? | Georgia Life and Health Insurance Guaranty |
| All of the following constitute the transaction of insurance EXCEPT? | Applying for an agents license |
| Parties to a public hearing held by the commissioner of Insurance have the right to do all of the following EXCEPT? | withhold incriminating evidence |
| The commissioner of Insurance may suspend or revoke a certificate of authority for all of the following reasons EXCEPT that the company | was compelled by a court order to pay a final judgement rendered against it. |
| Agent Licenses can be issued for all of the following kinds of insurance EXCEPT? | surplus lines through appropriate brokers |
| The Commissioner may, without a hearing, immediately suspend the certificate of authority of an insurer for each of the following reasons EXCEPT? | failing to pay claims when due |
| An applicant for an agent's license is required to take a written examination if he? | has completed the prelicensing education requirements |
| How long do temporary agent licenses remain in effect? | 6 months, renewable up to 15 months |
| Which of the following must be authorized to transact insurance in Georgia? | Insurers that only provide long-term care insurance |
| Who performs the Commissioner's duties in the commissioner's absence? | Deputy Commissioner of Insurance |
| Knowingly offering to make an insurance agreement other than that expressed in the insurance contract is considered to be | rebating |
| All of the Following are considered to be unfair and deceptive trade practices EXCEPT? | issuing checks in full settlement of a claim that contain language releasing the insurer from liability. |
| All of the following are considered to be unfair claims settlement practices EXCEPT? | Compelling a claimant to undergo medical examinations by an independent physician |
| Individuals who reside in and are licensed agents in another state must meet all of the following requirements to be issued nonresident licenses EXCEPT? | complete the required prelicensing education in Georgia |
| Which insurers must be members of the Georgia Life and Health Insurance Guranty Association? | All insurers transacting insurance business in Georgia |
| Which of the following must adhere to advertising regulations? | Prepared presentations used by agents |
| Which of the following may NOT enter into a life insurance contract? | A person insuring the life of a neighbor who is not a relative. |
| All Life insurance policies must be filed with the Commissioner at least how long before their intended use? | 90 Days |
| Which of the following would be an example of replacement of a life insurance policy? | A new policy that causes an existing life insurance policy to be surrendered. |
| Regarding life insurance, consumers have how long to review the policy and return it for a full refund of premium? | 10 days |
| What is credit life insurance? | Policies to cover payment of a debt if the debtor dies. |
| Which of the following must sign the Notice Regarding Replacement? | Applicant and Agent |
| How old must a minor be to buy a life insurance policy? | 15 years |
| Which of the following is not an approved type of group in Georgia? | Neighbors who want to by insurance |
| Which is NOT part of a Medicare Supplement's Plan A Core Benefits? | Emergency care in a foreign country |
| Individual and group policies limit the age to which a dependent child may be covered. All of the following are reasons why the limit is not observed EXCEPT that the child is | adopted |
| When does coverage begin for children under a family health insurance policy? | At Birth |
| In Georgia, a long-term care policy must offer benefits for at least | 24 months |
| William is fired from his job for tardiness and as a result will be losing his group insurance coverage. He can request a conversion to an individual policy within how many days? | He will not be able to convert because he was terminated for cause. |
| Long-term care policies can limit or exclude coverage for all of the following EXCEPT | congenital heart disease |
| Medicare supplement policies must be | guaranteed renewable |
| long-term care insurance, the existence of symptoms which medical advise or treatment was recommended/ received from a provider within 6 months preceding the effective date of coverage, is known as what? | Preexisting condition |
| When must credit accident and health insurance policies define total disability as the inability to perform any occupation for which the debtor is reasonably fitted by education, training, or experience? | After the first 12 months of disability |
| In order for an agent in Georgia to sell long-term care partnership policies, all of the following are true EXCEPT | they must have been licensed to sell accident and sickness insurance for at least two years |
| Which of the following services can the Georgia Life and Health Insurance Guaranty Association provide to impaired domestic insurers? | Reinsure any of the impaired insurer's covered policies Provide pledges to assure payment of the impaired insurer's contractual obligations Loan money to the impaired insurer |
| Accident and sickness insurance policies issued in Georgia must provide coverage for pap smears | once each year |
| A long-term care policy can be terminated because of the insured's | nonpayment of premium |
| Medicare supplement policies are regulated for all of the following reasons EXCEPT | to provide affordable supplemental coverage to all senior citizens in Georgia who want it |
| How much coverage must a health insurance policy issued in Georgia provide for a 58-year-old woman's mammograms? | An annual mammogram |
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