ch 11 ga rules

For how long are insurers required to maintain records pertaining to life insurance solicitation? A) 2yrs B) 3yrs C) 4yrs D) 5yrs

B

An insured buys a Medicare Supplement insurance policy from a new insurer; this policy will replace one provided to her by another insurer. Which of the following must provide her with a notice of replacement? A) The replacing insurer B) The Commissioner C) Medicare D) The existing insurer

A

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. A) The HR director can appear in the advertisement under the condition that the connection to the company is disclosed B) Employees of a company cannot appear in a testimonial ad C) The HR director can write a script for the ad, but the company must hire a stand-in to appear in their place D) Endorsements cannot be used in insurance ads

A

When an individual accident and sickness policy insurance policy is purchased in Georgia, the insured may return the policy to the insurer for a premium refund within A) 10 days B) 20 days C) 30 D) 90

A

Which of the following would NOT be considered a purpose of life insurance solicitation regulations in Georgia? A) help buyers choose most qualified insurance producers B) Improve buyers' understanding of policy features C) Help buyers evaluate the relative costs of life insurance plans D) Provide buyers with information about policies that would best suit their needs

A

Which of the following groups would most likely be covered under a blanket accident policy? A) students at a public school B) Office workers for a retail business C) Factory workers at the automobile assembly plant D) Independent contractors who work for a general contractor

A blanket insurance is only for groups that have constantly changing members

If a person is compensated for a testimonial in an ad, which should be included in the ad: A) the author is the employee of the insurer B) Paid endorsement C) Commissioned ad D) insurer is not responsible for the contents of the testimonial

B

In replacement, an existing insurer must provide policyowners with a policy summary for existing life insurance within how many days of receiving the written communication and replacement? A) 3 B) 10 C) 31 D) 60

B

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: A) limited accident B) Blanket C) Limited sickness D) Accidental death and dismemberment

B

All of the following would be excluded from the regulation on life insurance solicitation EXCEPT: A) A group life policy B) An annuity C) A term life policy D) A credit life policy

C

How long is the free-look period for long term care policies issued in Georgia? A) 10 days B) 20 days C) 30 days D) 60 days

C

How long is the waiting period for benefits to be paid in a long-term care policy or rider? A) 30 days B) 60 C) 90 D) 120

C

How soon from the reinstatement of a health insurance policy would a loss be covered? A) 60 days B) 7 days C) 10 days D) 30 days

C

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: A) Identifies the name of the insurer as the underwriter for the plan and tis administration B) Does not emphasize investment or tax features to such a degree that prospective buyers believe that the contract is for anything other than insurance purposes C) Presents all material information and illustrations in an easily interpreted way D) Does not include the word "annuity" unless accompanied by other clear language indicating it is an annuity

D

What is the purpose of Life Insurance Solicitation regulation? A) to provide information regarding replacement of policies B) To identify the required and prohibited actions for insurance advertising C) To help producers understand different insurance policies D) To help consumers compare life insurance products in regard to their relative cost

D