Georgia Laws and Rules Pertinent

Which of the following would be considered an unfair claim practice?

Misrepresenting insurance policy provisions affecting a loss

Policyholders elect the governing bodies of which of the following types of insurance companies?

Mutual

Which of the following actions by an insurance company or an agent is considered rebating?

Offering a prospect something of value that is not specified in a contract to induce the purchase of that contract

Which of the following is an example of rebating?

returning a portion of a premium as inducement to purchase insurance

All of the following actions are considered rebating EXCEPT

sharing commissions with other licensed and appointed agents

A stock insurance company is owned by it's

stockholders

Georgia's Replacement Rule applies to all of the following situations EXCEPT

the existing policy is kept in force and an additional policy is purchased from the same company

Coverage of newborn children is provided by individual and group accident and health contracts from

the moment of birth

Inducing or attempting to induce any insured person through misrepresentation to lapse, forfeit, or surrender insurance is

twisting

Knowingly making misleading statements that would cause an insured to lapse, assign, or terminate an insurance policy in order to switch companies is an example of

twisting

Which of the following is an example of defamation?

A brochure including an untrue statement regarding a competitor's ability to pay claims

Long-term care policies issued in Georgia must provide benefits for at least

12 months

An agent of less than 20 years must complete 24 hours of Continuing Education every

2 years

How long must all health plans provide coverage on newborn children?

31 days

An applicant for an insurance agent's license in Georgia MUST meet which of the following requirements?

Be 18 years of age or older

Which of the following violations is considered an unfair trade practice?

Coercion

Which of the following actions by an insurance company is considered an unfair claims settlement practice?

Denying an insured's claim without indicating the basis of denial under the policy

Which of the following is an unfair claims practice?

Failing to effectuate prompt, fair, and equitable settlements of claims

Which of the following would be considered misrepresentation by an insurance agent?

Stating that dividends are guaranteed

An insurance company licensed in Georgia and domiciled in Pennsylvania is known as

a foreign company

An insurance company that is organized or chartered in a country other than the United States is defined as

alien

Before a licensed agent is eligible to transact insurance sales, they must be

appointed by an insurance company

A creditor who requires a debtor to obtain insurance from a particular company or agent as a condition for a loan is guilty of

coercion

An agent who tells claimants that their rights may be impaired if they fail to complete a release form within a given period of time could be guilty of

coercion

The purpose of the Georgia Life and Health Insurance Guaranty Association is to

ensure that claims filed against insolvent insurance companies will be paid

An insurance company may be judged guilty of false advertising if it

exaggerates its dividends in a newspaper advertisement

An insurance company that publishes misleading information about insurance coverage may be found guilty of

false advertising

"Controlled business" is MOST ACCURATELY described as

insurance placed by an agent on the agent's own life, property, or risks

A stock insurance company is BEST defined as an incorporated company that has its capital divided into shares and

is owned exclusively by its shareholders

Under the Unfair Trade Practice law, agents may be found guilty of defamation if they make a false statement that is intended to

malign another insurance company

An agent who intentionally makes an untrue or incomplete statement in the course of an insurance transaction may be guilty of

misrepresentation

An agent who tells a client that dividends are guaranteed may be guilty of

misrepresentation

An insurance agent who convinces a prospective insured to purchase a policy by exaggerating the benefits of the policy may be found guilty of

misrepresentation

Anyone who makes a fraudulent statement on an insurance application in order to obtain money benefits from an insurance company has committed an act of

misrepresentation

If an agent tells an applicant that an insurance policy is like a share of stock, the agent may be guilty of

misrepresentation