Chapter 11 Quiz

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A group accident and sickness policies in Georgia have a grace period of

31 days

Insurers must keep files of all advertisements used in Georgia for the minimum of how many years?

4 years

Once an individual is licensed as an insurance producer for life or accident and health insurance, how many hours of China must producer complete initially to sell long-term care insurance partnership policy?

8 hours

All of the following would be excluded from the regulation of life insurance solicitation except?

A term life policy

Which of the following groups would probably be covered by blanket insurance?

A university's sports team

Insurers must screen all marketing plans to ensure that an advertisement does NOT use as the name of any kind of an annuity contract any phrase that

Does not include the word "annuity" unless accompanied by other clear language indicating it is an annuity.

As defined by the Georgia Insurance Code, all of the following entities may have an insurance interest in the insured except?

Insurer

If a person is compensated for a testimonial an advertisement, which of the following statements should be included in the advertisement?

Paid endorsement

The duties of an agent where replacement invite all to the following except?

Splitting the commission is with the agent who originally sold the policy being replaced

The human resources director of an insurance company loves the policy they have with the company. They are personable, and the company wants to use them in a new advertisement.

The HR director can appear in the advertisement under the condition that the connection to the company is disclosed

Whenever agents submit applications to insurers, they must also submit statements disclosing whether or not replacement is involved. Who must sign these statements?

The applicant and the agent

The First Street Church plans to sponsor a summer camp for the youth of their congregation. They would like to purchase insurance that would pay benefits should one of the youth get injured while participating in the camp activities. The type of policy they would likely need is a/an

blanket

The term "conservation effort" refers to?

discouraging policyholders from replacing existing polices

Which required provision allows an insured to pay overdue premiums within 30 days for a life insurance policy to remain in effect?

grace period

A group blanket health policy is best suited for which of the following?

summer camp


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