Georgia Law Supplement
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| What is the period of time in which the Commissioner must conduct an examination of eery authorized insurer? | 5 Years
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| What is the time frame for the Commissioner to provide the examinee a copy of the written report? | 20 Days
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| How many days written notice to all interested parties must be given for a Hearing? | 10 Days
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| The Hearing must be held no later than ____ after the request was received. | 30 Days
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| Parties may request a rehearing within ____ . | 30 Days
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| The Commissioner must make an order on the hearing within ____ . | 30 Days
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| What is the Maximum fine for each nonwillful insurance code violation? | $1,000
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| What is the Maximum fine for each willful insurance code violation? | $5,000
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| What is the Maximum fine for violating a cease and desist order? | $10,000
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| Insurance Fraud is a ____ . | Felony
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| What is the Maximum fine for insurance fraud? | $10,000
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| What is the Minimum prison time in addition to the above fine? | 2 Years
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| What is the Maximum prison time in addition to the above fine? | 10 Years
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| ____ days notice is required to temporarily suspend a license, if emergency action is needed. | 3 Days
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| Association's maximum liability for any one life is? | $100,000
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| Producers must report name or address changes within ____ days. | 30 Days
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| Applicants minimum age is? | Age 18
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| Applicants must complete ____ hours of prelicensing education per line of authority. | 20 Hours
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| Pass the licensing exam with a score of at least ____ %. | 70%
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| Nonresident producers moving to Georgia have this long to establish themselves as a resident producer (without taking Georgia prelicensing education or insurance exam). | 90 Days
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| Insurers must renew their agents' certificates of authority ____ . | Annually
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| Agents must renew their subagents' certificates of authority every ____ years. | 3 Years
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| Insurers must report an agent's certificate of authority (appointment) termination within ____ days. | 30 Days
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| Biennial Continuing Education (CE) requires ____ hours, if licensed for fewer than 20 years. | 24 Hours
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| Biennial Continuing Education (CE) requires ____ hours, if licensed for 20 years or more. | 20 Hours
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| Biennial Continuing Education (CE) requires ____ hours of the total CE hours must be in ethics. | 3 Hours
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| Long-Term Care Partnership (LTCP) requires ____ hours of initial LTCP training. | 8 Hours
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| Long-Term Care Partnership (LTCP) requires ____ hours biennial LTCP refresher course. | 4 Hours
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| One-time ____ hour annuity suitability training course (effective March 1, 2016). | 4 Hours
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| Temporary licenses are effective for ____ months and can be renewed up to a total of 15 months. | 6 Months
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| Surplus lines broker must post a $____ bond with the Commissioner. | $50,000
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| Insurers must maintain copies of the replacement notices for at least ____ year(s), or until after the next regular Insurance Department examination, whichever is later. | 3 Years
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| Minors age ____ or older can purchase insurance. | Age 15
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| The Free-look period (right to examine) for life insurance is ____ . | 10 Days
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| The Grace Period for individual life insurance is ____ . | 30 Days
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| Employer groups must cover at least ____ employees at the date of issue. | 2 Employees
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| Labor union groups must cover at least ____ members at the date of issue. | 25 Members
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| Newborn children are covered from the moment of birth. Insurer must be notified within ____ days for coverage to continue past the initial 31-day period. | 31 Days
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| What is the Minimum benefit period for Long-Term Care Insurance? | 24 Months
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| For Long-Term Care Insurance what is the Maximum pre-existing exclusion period? | 6 Months
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| For Medicare Supplements; what is the Maximum pre-existing exclusion period? | 6 Months
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| For Medicare Supplements; Open enrollment is within ____ months of enrolling in Medicare Part B and being age 65 or older. | 6 Months
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