Georgia insurance law
Certificates of authority are renewed ___________. renewals must be submitted by ________ and expiration occurs at midnight on ________ of the year following issuance or renewal of authority.
annually, March 1 June 30th
Individuals licensed less than 20 years must complete 24 hours of continuing education (CE) each _______________, of which, ____ credit hours must be on ______
biennium period (every 2 years) 3 Ethics
Newborn and Dependent Coverage: Individual and group family health coverage must also provide for newborns from the moment of ________ with all the health benefits applicable to children (first 31 days after birth)
birth
Georgia Marketing Regulation: A life insurance product __________ be advertised as something other than life insurance
cannot
Newborn and Dependent Coverage: ______________ premium is required for a newborn or adopted child added to an __________ policy and must be paid within ______ days to continue coverage after the initial 31-day period ends
Additional existing 31
Loan Provision
After 3 years of premium payments, an insured may borrow from the life policy's cash value.
Mammograms and Prostate Exams Must Include: 1 mammogram every ______ years for women between ages ________
2 40-49
Individuals who have been licensed for at least 20 years must complete how many hours of continuing education each biennium renewal period?
20 hours
Long-Term Care Requirements: Provides coverage for at least _______ consecutive months or for recurring confinement of up to _____ months with a minimum total of _____ years for each covered person.
24 6 2
Individuals who have been licensed for less than 20 years must complete how many hours of continuing education each biennium renewal period? 24 hours 3 hours of ethics 10 hours 20 hours
24 hours
How long must a life insurance policy be in force before Georgia law requires the policy to qualify for reinstatement if a lapsed premium payment occurs in the future? 3 years 2 years 1 year 4 years
3 years
What period of time must a new policyowner wait before being able to take out a loan against his or her life policy? 1 year 3 years 60 days 30 days
3 years
Mammograms and Prostate Exams Must Include: 1 baseline mammogram for women between ages _________
35-39
Mammograms and Prostate Exams Must Include: Annual prostate exam for covered males age _____________ if ordered by a physician
40 and older
A revoked license must wait at least __ years before reapplying for a license
5
When transacting insurance business, an agent must report to the insurer and clearly state on the contract to the applicant the amount of premium required to purchase the policy. Willfully excluding this information can lead to a misdemeanor if the amount if less than $_____, or a felony if the amount is larger.
500
Group Insurance Renewal and Conversion: To qualify to convert group insurance to individual coverage if the group ends, an employee must be a member of the group for the past ________ months, pay all required premiums, and request the conversion within _______ days of losing the group coverage
6 30
Long-Term Care Requirements: LTC policies cannot exclude, limit, or reduce coverage for specifically named or described pre-existing diseases or conditions beyond a ___________ waiting period.
6 months
Long-Term Care Requirements: Under Georgia law, preexisting conditions are defined as, the existence of symptoms that would cause an ordinary prudent person to seek diagnosis or treatment, or a condition for which medical advice or treatment was recommended by or received from a provider of health care services within _______________ preceding the effective date of an insured's coverage.
6 months
Medicare Supplement Requirements: Cannot exclude or limit benefits incurred more than ______________ prior to the effective date due to a preexisting condition
6 months
Group Insurance Renewal and Conversion: Accident and sickness insurers must notify group policyholders at least _______ days before refusing to renew a policy unless for nonpayment of premium after a _________ grace period has ended
60 31-day
Before an insurer can offer a life or annuity product to the general public, it must file such product with the Commissioner at least ____ days before commencing sales of such product
90
Georgia Health Insurance Provisions: Free Look Provision
A 10-day 'free look' period is required after a health insurance policy is delivered, during which time the policyholder may review and return the health policy for any reason to the insurer for a full refund of the initial premium.
Examination Period (Free Look)
A 10-day 'free look' period is required after a life insurance policy or an annuity is delivered, during which time the policyowner may review and return the life policy for any reason to the insurer for a full refund of the initial premium. Variable life policies are also required to include this free-look provision.
Lawsuit Time Period Limit
A provision that requires any lawsuit that arises from the policy to be filed within 2 years of the event that prompts the lawsuit.
Georgia Health Insurance Provisions: Misstatement of Age
A provision that states that if an insured misstates his or her age on the health policy, the benefit amount will be adjusted to equal the amount of coverage that the current premium would have purchased for the correct age of the insured.
Misstatement of Age
A provision that states that if an insured misstates his or her age on the life policy, the death benefit amount will be adjusted to equal the amount of coverage that the current premium would have purchased for the correct age of the insured.
Georgia Marketing Regulation: Coverage for _____________ in a specified time period must be clearly and fully disclosed
Accidents
Reciprocity Agreements
"We will accept your licensure if you accept ours."
Georgia mandates any insurer that offers accident and sickness coverage to provide for all of the following EXCEPT: An annual pap smear 1 baseline mammogram for women between ages 35-39 1 mammogram every 2 years for women between ages 35-39 An annual prostate exam for covered males age 40 and older if ordered by a physician
1 mammogram every 2 years for women between ages 35-39
In the state of Georgia, how many days does the free-look provision entitle a policyowner to examine his or her health insurance policy before being required to accept it? 7 days 10 days 15 days 30 days
10 days
Guaranty Association benefits cannot exceed $______________ per insured individual.
100,000
Georgia Minimum Age for Entering Into a Life Insurance or Annuity Contract: ________ years old is the minimum legal age to contract in Georgia
15
Georgia Health Insurance Provisions: Reinstatement
After a health policy has been in force for 3 years, the reinstatement provision must allow the policyowner to reinstate a lapsed policy due to non-payment of premium. The insured must provide evidence of insurability upon reinstating the policy and pay the insurer any unpaid premium plus interest that accrued on all non-paid premium.
Reinstatement Provision
After a life policy has been in force for 3 years, this provision must allow the policyowner to reinstate a lapsed policy due to non-payment of premium. The insured must provide evidence of insurability upon reinstating the policy and pay the insurer any unpaid premium plus interest that accrued on all non-paid premium.
Long-Term Care Requirements: Cannot be cancelled, non-renewed, or otherwise terminated on the grounds of the insured's ______ or deterioration of the insured's mental or physical ___________.
Age health
2. Which of the following statements regarding insurance agencies in Georgia is INCORRECT? An agency must be licensed in the state in which they conduct business. An agency must have a principal agent in charge. Agents selling insurance products for an agency must hold a license in the same line of business for which they sell. Agents selling insurance products for an agency are not required to be individually licensed, as long as the agency itself is licensed.
Agents selling insurance products for an agency are not required to be individually licensed, as long as the agency itself is licensed.
Representation vs. Warranty
All statements made by the insured, with the exception of fraud, must be considered to be representations and not warranties.
MAIN communicator between the insurer and the insured
An agent
Georgia Health Insurance Provisions: Illegal Occupation
An insurer is not liable for claims or losses resulting from an insured's participation or occupation in illegal activities.
Georgia Health Insurance Provisions: Grace Period
An insurer must guarantee a 30-day grace period for late premium payments, after the initial premium, in which the policy's coverage remains in force.
Grace Period
An insurer must guarantee a 30-day period for late premium payments, after the initial premium, in which the policy's death benefit remains in force.
Mental Health Coverage: Mental disorders must be covered under _______ authorized insurer policy in Georgia
Any
If the Commissioner does not deny a certificate of authority within 90 days after an application is filed, it is considered
Approved
In Georgia, what is the minimum number of insurers an agent must have a certificate of authority on file with the Commissioner to be considered to have active status?
At least one Insurer
Long-Term Care Requirements: ___________ include a new waiting period if existing coverage is being converted or replaced with a new form by the same company, unless the insured voluntarily selects to increase benefits.
Cannot
Administrative fines
Cannot exceed $1,000 for each non-willful violation or $5,000 for each willful violation
According to Georgia Statues, the entering into any agreement to commit, or by any concerted action committing, any act of boycott or intimidation resulting in or tending to result in the business of insurance is known as: Twisting Defamation Churning Coercion
Coercion
Contributory vs Non-Contributory Plans
Contributory plan premiums are jointly paid by the employer and participating employees; whereas, non-contributory plan premiums are paid entirely by the employer, and must cover 100% of all eligible employees.
Renewals must be filed and CE credits satisfied by _________________ each year
December 31st
At the time of application, which of the following conditions, or effects stemming from such condition, can be excluded from a long-term care policy? Huntington Dementia Alzheimer Drug induced stroke
Drug induced stroke
What are some permitted groups for group life
Employment Groups Labor unions insuring its union members Government or university employees as long as the majority of these employees reside in Georgia Creditor groups insuring debtors Nonprofit organizations, fraternal, civic, and community organizations
Responsibilities of the insurance department
Examines insurers' records and activities at least once every 5 years. Approves formal classroom and online education courses Administers all licensing exams Issues licenses to both insurance companies and producers/agents
Newborn and Dependent Coverage: Mentally or physically handicapped children who are chiefly dependent upon the policyholder for support and maintenance can remain covered after the policy child age-limit has ____________
Expired
One of the characteristics of what? Consumer privacy regulation states that all consumers have the right to keep personal financial information between the collecting party and the consumer. At no time may private financial information be given to a non-affiliated third party unless an initial privacy notice is given by the insurer to the consumer regarding disclosure of this information.
Fair Credit Reporting Act
Newborn and Dependent Coverage: Adopted children coverage begins upon completion of the ____________ ____________
adoption process
Georgia Marketing Regulation: Any________ including administrative or termination or surrender charges must be clearly stated
Fees
Alien insurers can use the state of Georgia to enter into the U.S. to transact insurance business but must establish and maintain its principal office in ___________ and maintain all records of its transactions and affairs at the principal office in Georgia. All documents must remain at the Georgia location with removal subject to revocation of authority.
Georgia
Covers Georgia resident policyowners and non-residents who are insured under polices domiciled in Texas or non-residents who reside Texas that come from states that use a similar guaranty association as Texas that are not eligible for coverage by the associations in their home state.
Georgia Guaranty Associations
Provides for the guarantee or reinsurance of the impaired domestic insurer's policies and contractual obligations (it can also loan money to the impaired insurer).
Georgia Guaranty Associations
Minimum Enrollment for group life
Georgia law requires at least 2 employees to qualify as a group plan as of the effective date of the group policy. Policy amounts must be determined on a selected basis other than individual selection. *All employees, or all of any class or classes of employees, must be eligible for group insurance.
Non-Forfeiture Provision
If a policyowner defaults on any premium payment after the first 3 years of the policy, he or she has 60 days to elect to receive the cash surrender value of the policy.
Georgia Health Insurance Provisions: Change of Occupation
If an insured changes employment to a more hazardous occupation, the insurer may reduce the maximum benefits payable in the policy to reflect the increase in risk that the insurer may become responsible to pay.
Georgia Health Insurance Provisions: Excessive Insurance Coverage
If an insured pays premium on 2 or more health policies with the same insurer and attempts to indemnity him or herself to receive an excess of benefits above the maximum amount allowed by a single policy, the insurer may void the excess insurance and return premiums paid for the policy that was in excess.
Insurable Interest
In order to obtain insurance, an interest must exist between two parties such as a blood relative or spouse, or a business partnership that would result in a loss of income. Insurable interest must exist at the time of application, but is not needed at the time of an insured's death. This determines who may purchase a policy, but does not affect who will benefit from the policy. Every person has insurable interest on his or her own life.
All of the following statements are correct regarding Medicare supplements EXCEPT: The policy must be guaranteed renewable Policy renewal cannot be denied by the insurer solely on the individual's health status It cannot exclude or limit benefits incurred more than 12 months prior to the effective date due to a preexisting condition It cannot duplicate benefits provided by Medicare
It cannot exclude or limit benefits incurred more than 12 months prior to the effective date due to a preexisting condition
Boycott, Coercion and Intimidation
It is illegal to commit an act of boycott, coercion, or intimidation that results in unreasonable restraint of, or monopoly in, the insurance business.
Unfair Discrimination (Life Insurance and Annuities)
It is illegal to make or permit unfair discrimination between individuals of the same class and equal life expectance in rates charged, dividends payable, or any other terms and conditions of the contract.
Unfair Discrimination (Accident and Sickness)
It is illegal to make or permit unfair discrimination between individuals of the same class and essentially the same hazard in premium amounts, benefits, or any other terms and conditions of the contract.
False Financial Statements
It is illegal to publish false statements regarding an insurer's financial condition with the intent to deceive.
Summary of a Producer's Responsibilities
Key person in the insurance process Ethically market insurance products Understand pertinent insurance laws Accurately complete the application process Thoroughly review the policy with the client
Advance Premium Payments
Life insurance premiums must be paid in advance and a receipt must be given for premiums paid. According to the CIC, an insurer is entitled to payment of the premium as soon as the subject matter insured is exposed to the peril insured against.
Georgia Minimum Age for Entering Into a Life Insurance or Annuity Contract: All ownership rights and responsibilities are owned by the __________
Minor
Medicare Supplement Requirements: Must adhere to the ____________ standardized model Medicare supplement policy (Core benefits + 9 additional comprehensive benefits)
NAIC ( National Association of Insurance Commissioners)
Georgia Marketing Regulation: Full disclosure of the insurer's ________ in all advertisements
Name
Which of the following is NOT responsible for administering insurance laws in the state of Georgia? Georgia Department of Insurance Chief Deputy The Commissioner National Association of Insurance Commissioners (NAIC)
National Association of Insurance Commissioners (NAIC)
Are Agents allowed to share commissions with anyone who is not licensed
No
Can Policies be advertised to be offered to only certain groups of people based on occupation, association, age, sex, or other condition
No
Georgia Minimum Age for Entering Into a Life Insurance or Annuity Contract: A minor's life contract must be signed by a
Parent, grandparent, adult sibling or guardian
What are some other advertising requirements
Pre-existing conditions must be properly defined and disclosed Non-cancellable policies cannot allow for premium or rate revisions A 10-day free look provision must be advertised with the allowance of premium return if the customer is dissatisfied Overlapping coverage restrictions must be acknowledged to all consumers age 65 and older If premium is advertised, indication of such based on age, sex, and geographic location must also be disclosed Customer testimonials must be truthful and accurate in all advertisements Statistical sources must be disclosed in all advertisements Unfair or malicious competitor comparisons are illegal; All competitors that are used for comparison purposes must be clearly disclosed in the advertisement All advertisements must be kept on file with the insurer for a minimum of 3 years and must be accessible to the Commissioner
Accelerated (Living) Benefit Provision
Prepayment of a policy's death benefit may be paid out to the insured while still alive (living benefit) if the insured is diagnosed with a long-term or terminal illness.
Georgia Guaranty Associations
Protects policyowners, insureds, and beneficiaries of life, health, annuity, and supplemental policies from insolvent insurers who cannot maintain insurance contracts due to inadequate funding
What are some causes for Probation, Suspension and Revocation
Providing incorrect, misleading, incomplete, or materially untrue information in a license application Violating an insurance law, regulation, a subpoena of an insurance commissioner, or an order of an insurance commissioner of Georgia or of another state Obtaining or attempting to obtain a license through misrepresentation or fraud Improperly withholding, misappropriating, or converting any monies or properties received in the course of doing insurance business Intentionally misrepresenting the terms of an actual or proposed insurance contract or application for insurance Having been convicted of a felony Admitting to having committed or being found to have committed any unfair trade practice or fraud in the business of insurance. Using fraudulent, coercive, or dishonest practices, or demonstrating incompetence, untrustworthiness, or financial irresponsibility in the conduct of business in Georgia or elsewhere Having an insurance producer license, or its equivalent, denied, suspended, or revoked in any other state, province, district, or territory. Forging another individual's name to an application for insurance or to any document related to an insurance transaction. Improperly using notes or any other reference material to complete an examination for an insurance license Knowingly accepting insurance business from an individual who is not licensed Failing to comply with an administrative or court order imposing a child support obligation Failing to satisfy the continuing education requirements
All of the following are considered major types of groups eligible for group life insurance under Georgia law EXCEPT: Credit unions Social clubs Debtor groups Labor unions
Social clubs
An insurer cannot refuse to issue or discriminate in the pricing of a Medicare supplement based on health _________ or any medical conditions of an applicant if the policy application is submitted during the __________ period beginning with the _________ month in which an individual first enrolled for benefits under Medicare Part ____ (at least 65 years old as well). All qualified applicants must be allowed to purchase a Medicare supplement policy, regardless of their age.
Status six-month first B
Administers cease and desist orders to licensees who engage in unfair or deceptive insurance practices, conduct activities that impede the safety of the public, or for any unauthorized individuals transacting insurance in Georgia
The Authority of the Commissioner
Administers rules and regulations to carry out the Georgia Insurance Code
The Authority of the Commissioner
Impose penalties and enforces restitution from licensees to individuals who are affected by the misconduct of such activities that violate the Insurance Code
The Authority of the Commissioner
Maintains department records and Examines and investigates licensee transactions to ensure compliance with the Insurance Code
The Authority of the Commissioner
Regulates fees and funds that are electronically transferred to the state
The Authority of the Commissioner
Responsible for carrying out and enforcing Georgia's insurance laws (Does NOT make laws)
The Authority of the Commissioner
Georgia Health Insurance Provisions: Intoxicants and Narcotics
The insurer is not liable for paying any claims arising from accidents or illness resulting from intoxicants or while under the influence of alcohol or narcotics, unless specific drugs are administered by a licensed physician.
Death Benefit Settlement Provision
The insurer must pay the policy's death benefit to the beneficiary no later than 2 months after proof of the insured's death
Catherine, age 37, has owned her life insurance policy for the past 15 years through insurance company A. Ten days ago she failed to make the monthly payment on her premium due date. Which of the following scenarios will MOST likely occur? The insurer must provide a 20-day grace period to allow Catherine to make a payment, but may require proof of insurability. The insurer will terminate the policy. The insurer must provide a 20-day grace period to allow Catherine to make a payment and prevent her policy from lapse. The insurer must provide a 30-day grace period to allow Catherine to make a payment and prevent her policy from lapse.
The insurer must provide a 30-day grace period to allow Catherine to make a payment and prevent her policy from lapse.
Rebating and Fraud
The practice of rebating, or offering anything of value (including personal favors) to a customer as an inducement to purchase an insurance contract.
True or false: An agent or insurer cannot advertise an exact premium of coverage that is not fully advertised
True
___________ approval from the insurer's home office is required for all advertisements before its use towards the public
Written
Mammograms and Prostate Exams Must Include: 1 mammogram every _________ for women age ___________
Year 50 and older
Can A agent without an active license receive renewals or deferred commissions from previous insurance business conducted while he or she was licensed
Yes
Do Policy limitations and exclusion descriptions must be clearly stated as such, and not as policy benefits
Yes
Do you need to be Careful in your use of the words all, full, and complete (and similar words) must be demonstrated as to not exaggerate benefits beyond policy terms
Yes
Does an agent have to comply with continuing education requirements even if he or she is listed as an inactive agent
Yes
Is it illegal for an agent or insurer to engage in any type of claims practices that Attempts to enforce a full and final release of a claim when only a partial payment has been made to the claimant
Yes
Is it illegal for an agent or insurer to engage in any type of claims practices that Delays acceptance or denial of a claim in a reasonable time period
Yes
Is it illegal for an agent or insurer to engage in any type of claims practices that Delays or refusing a settlement due to damages from a third party
Yes
Is it illegal for an agent or insurer to engage in any type of claims practices that Delays prompt or fair payment when liability is clearly evident
Yes
Is it illegal for an agent or insurer to engage in any type of claims practices that Fails to maintain 3 years of consumer complaints since last inspected by the Commissioner
Yes
Is it illegal for an agent or insurer to engage in any type of claims practices that Fails to provide proper explanation to a claim denial or settlement compromise
Yes
Is it illegal for an agent or insurer to engage in any type of claims practices that Misrepresents material facts or policy provisions
Yes
Is it illegal for an agent or insurer to engage in any type of claims practices that Refuses claim settlement without fully investigating the claim
Yes
Is it illegal for an agent or insurer to engage in any type of claims practices that Requires examination of tax returns in settling a loss of income claim without a court order
Yes
Can a non resident get a Georgia license, if he or she has a home state resident licenses prior
Yes, but they must Abide by the Georgia Insurance Code and refrain from selling insurance through insurers who are not authorized in the state of Georgia Pay the required licensing fee Hold the same line of insurance in their home state
Georgia Marketing Regulation: Words such as deposits, savings, or investment (and similar words) ________ be used to refer to a rate of interest return or guaranteed return in interest to the insured, or to hide or minimize the cost of the insurance
cannot
Georgia Marketing Regulation: Current and guaranteed interest rates over a specific time period must be____________
clearly stated
Georgia Marketing Regulation: Limits in coverage depending on age or reduced benefits depending on age as well as a varying death benefit based on how long the policy has been enforced must be __________ ____________
clearly stated
AIDS Testing Requirements: HIV testing results must be kept ____________ by the insurer and not disclosed except to the proposed insured or where required by law.
confidential
Newborn and Dependent Coverage: Congenital defects and birth abnormalities must be _________ as well as injury and sickness
covered
Georgia Marketing Regulation: Exclusions and limitations of a policy must be clearly ______________
disclosed
Medicare Supplement Requirements: Cannot __________ benefits provided by Medicare
duplicate
An agent who collects customer premium must submit it directly to the applying insurer. An agent cannot deposit customer premium into a personal financial account - doing so is considered _____________ and ______________
embezzlement and fraud
Defamation and disparagement
expressing an untrue or negative opinion of a competitor, is also illegal and prohibited.
Long-Term Care Requirements: Provides coverage for skilled nursing care or for other levels of care that are unreasonably lower than coverage provided for skilled nursing care in a ___________.
facility
re-domestication
foreign insurer incorporated in a different state can qualify for a certificate of authority in the state of Georgia if it complies with the Georgia Insurance Code and designates a principal place of business at a location in Georgia.
Long-Term Care Requirements: Any policy or rider designed to provide coverage for diagnostic, preventive, therapeutic, rehabilitative, or personal care services provided in a setting other than the acute care unit of a ________.
hospital
Deceptive, misleading, and untrue advertising is ___________ and includes any form of communication from the insurer to the consumer.
illegal
An agent is considered ___________ if he or she does not have a certificate of authority on file with the Commissioner to represent at least one insurer licensed to do business in Georgia
inactive
Long-Term Care Requirements: what are some other allowable exclusions
include alcoholism and drug addiction, illness or accidents arising out of war, participation in a felony, from service in the armed forces, services provided outside the U.S., attempted suicide or self-inflicted injury, private aviation, and services or treatment provided in a government facility or through a government program.
Georgia Minimum Age for Entering Into a Life Insurance or Annuity Contract: Insurable interest includes the minor's __________ and the life of his or her parents, grandparents, siblings, spouse, child or anyone whom the minor may have insurable interest
life
What does it mean when an agent, acts as a Fiduciary
must always perform in the interest of the insured, as well as the company. Maintaining good communication throughout the industry will help an agent keep abreast on the newest laws and regulations.
Georgia Health Insurance Provisions: Incontestability
must be included in a health policy that states that the policy must become 'incontestable,' or puts a limit on an insurer's right to deny payment of a health claim or void the health policy due to any misstatements on the application by the insured, except for fraudulent misstatements.
Incontestability
must be included in a life policy that states that the policy must become put a limit on an insurer's right to deny payment of a death claim due to suicide or any material misrepresentation on the application by the insured for any reason, except for non-payment of premiums. A life insurance policy becomes incontestable after being in force for 2 years.
Medicare Supplement Requirements: it Cannot specifically exclude, limit, or reduce coverage for specifically named _____________ diseases or conditions
preexisting
AIDS Testing Requirements: Requests or requirements for HIV testing must be on a _____________ basis for all individuals in the same class and _______________ based on marital status, occupation, gender, beneficiary designation, or zip code.
nondiscriminatory cannot be
Long-Term Care Requirements: LTC benefits are _______ on an expense-incurred, indemnity, prepaid, or other basis.
paid
Mental Health Coverage: Treatment must be at least as extensive as provided for ______________ ______________
physical illnesses
Mammograms and Prostate Exams Must Include: Annual pap smears, or more often, if ordered by a __________
physician
Long-Term Care Requirements: Cannot limit or exclude coverage regarding types of illness, treatment, medical condition, or accident that may occur while insured, however, ___________ conditions, mental disorders, and diseases at the time of application can be excluded, except for _____________ disease or other organic brain disorders.
preexisting Alzheimer's
A producer cannot place any insurance or receive compensation for transacting insurance beyond the scope of the _____________________.
producer's license
Mental Health Coverage: Special exclusions, reductions, or other limitations regarding mental illness is _____________.
prohibited
Medicare Supplement Requirements: Include group or individual accident and sickness insurance policies designed to supplement _______________ under Medicare for hospital, medical, or surgical expense
reimbursements
Medicare Supplement Requirements: The policy must be guaranteed _____________
renewable
Georgia law requires agents to present a ______________ _____________ to the applicant that must be signed by both the applicant and agent and submit a copy of it to the replacing insurer with a copy of the applicant's current policy information.
replacement notice
Fair Credit Reporting Act
requires disclosure of any source that denies coverage to a consumer. In addition, if a consumer is denied coverage, he or she has the right to dispute this denial and provide correct information if inaccurate information is portrayed about the consumer.
Medicare Supplement Requirements: Coverage cannot be more __________ than Medicare
restrictive
Mammograms and Prostate Exams Must Include: Any mammogram when ordered by a physician for a female at ________
risk
Georgia Minimum Age for Entering Into a Life Insurance or Annuity Contract: Eligible beneficiaries include the minor, his or her estate, parents, grandparents, _________, spouse, or child
siblings
Entire Contract Provision
states that the application and life policy constitute the entire contract between the insurer and insured.
Medicare Supplement Requirements: Policy renewal cannot be denied by the insurer solely on the individual's health _________
status
Georgia Health Insurance Provisions: Entire Contract Provision
which states that the application and health policy constitute the entire contract between the insurer and insured.
AIDS Testing Requirements: An applicant for life or health insurance in Georgia may be required to be tested for the presence of HIV and AIDS, but _________ authorization must be provided by the proposed insured to the insurer.
written
Georgia Minimum Age for Entering Into a Life Insurance or Annuity Contract: Georgia law allows for _________ objection to such a contract if made by the minor's parents
written
