State Laws, Rules, and Regulations

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In life insurance, the term "conversation" refers to

Discouraging policyowners from re[placing existing policies

Which type of misrepresentation persuades an insured, to his or her detriment, to cancel, lapse, or switch policies from one to another?

Twisting

An agent's license issued in this state is valid for

2 years

A producer receives a written notification regarding a Commissioner's order against the producer. Within how many days must the producer request a hearing?

30 days

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

4 years

Which of the following persons is required to hold a producer license in this state?

A salaried employee who advertises and solicits insurance

An agent who deliberately makes a malicious statement about another insurance company is guilty of an illegal trade practice called

Defamation

An insurance company that is formed under the laws of another state is known as what type of insurer?

Foreign

Which of the following types of discrimination would be considered legal?

In benefits of the basis of different life expectancies

The Commissioner of Insurance is responsible for all of the following actions EXCEPT

Setting premium rates

If an inurance company makes a statement that its policies are guaranteed by the existence of the Insurance company association, that would be considered

An unfair trade practice

When should the Notice Regarding Replacement be presented to the applicant?

At the time of application

Which of the following would be considered a violation of life insurance advertising regulations?

Calling a variable insurance policy an investment plan

An agent who offers a cash reward to a prospect for buying a policy is guilty of..

Rebating

If the Commissioner issues a cease and desist order, that means the insurer must

Stop committing a particular violation


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