Ga P & C Insurance Exam - Ga Law
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show | Election; 4yrs; unlimited # terms
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show | Ralph Hudgens
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What are the two chief capacities/ powers of Ga Ins Commissioner? | show 🗑
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show | 1. appoint deputy commissioners
2. select chief deputy commissioner from deputies
3. Establish bond of $15k
4. Examine financial records of ins co's doing business in Ga (min each 5 yrs for each co.)
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show | state must offer accused co public hearing within 30 days; accused co. may request a public hearing
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show | Superior Court of Fulton Co
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What is the penalty for violating Ga law codes? | show 🗑
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show | Yes
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What are four qualifications to being a producer (ins agent) in Ga? | show 🗑
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What does the snowbird exclusion state? | show 🗑
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Who would be exempt from taking a pre-licensing course before a state insurance exam? | show 🗑
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show | 1. 15 hrs training per yr
2. 10 hrs training per yr (3hrs ethics)
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If an agent's license has inactive status, is he/she still required to do training to maintain that inactive status (and not have it cancelled altogether)? | show 🗑
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show | go on sales calls with a licensed agent; min = 6mos. and max = 15 mos.
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What does a counselor's license allow its holder to do? Qualifications? | show 🗑
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show | offer of a gift/$ to potential client while he or she is considering buying a policy; illegal in Ga
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What is controlled business with respect to ins agents in Ga? | show 🗑
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show | unethical practice of "downgrading" a policy's terms when switching that policy from another company for a new client
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Within how many days of a request by insured must an ins co provide forms needed for filing a claim? | show 🗑
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What is the time period for which a binder is valid? | show 🗑
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show | No- must be an agent and of same type of license(i.e. P & C)
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What is the purpose of a Fair Plan? | show 🗑
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Name 2 pers auto insurance discounts in Ga and describe the qualifications for receiving each. | show 🗑
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