Georgia insurance law practice

How long do temporary agent licenses remain in effect?

Six months, renewable up to 15 months

All of the following are considered to be unfair and deceptive trade practices EXCEPT

issuing checks in full settlement of a claim that contain language releasing the insurer from liability

Agent licenses can be issued for all of the following kinds of insurance EXCEPT:

surplus lines through appropriate brokers.

Parties to a public hearing held by the Commissioner of Insurance have the right to do all of the following EXCEPT

withhold incriminating evidence

Which of the following types of insurers is incorporated or organized under the laws of country other than the United States? A. Foreign B. Domestic C. Alien D. International

Alien

All of the following constitute the transaction of insurance EXPECT?

Applying for an agent's license

How often must the Commissioner examine domestic insurers?

At least once every 3 years

If an insurer violates any section of the insurance code, what can the Commissioner issue to stop the insurer from committing the violation?

Cease and desist order

An insurer's license to do business in Georgia is called a

Certificate of authority

Who enforces all laws that relate to insurance in Georgia?

Commissioner of Insurance

The commissioner can impose all of the following penalties for violating Georgia's insurance laws EXCEPT A. A fine of up to $1000 for no willful violations B. Imprisonment for up to 2 years C. A fine of up to $5000 for willful violations D. Probation for up to 1 year

Imprisonment for up to 2 years

Knowingly circulating a false statement about an insurer's financial condition is called

Defamation

What nonprofit association in Georgia protects owners of policies issued by insurers that become insolvent?

Department of insurance

Who performs the commissioner's duties in the commissioner's absence?

Deputy Commissioner of insurance

The commissioner may, without a hearing, immediately suspend the certificate of authority of an insurer except for each of the following reasons EXCEPT

Failing to pay claims when due

Each of the following is a valid reason for cancellation of personal automobile insurance EXCEPT

Failure of the insured to install safety devices in an automobile

An applicant for an agent's license is required to take a written examination if he

Has completed the pre licensing education requirements

Which of the following must be authorized to transact insurance in Georgia?

Insurers that only provide property and casualty insurance

The Georgia Insurers Insolvency Pool

Protects insureds against insurer insolvencies

To qualify for an agent's license, an applicant must

Pass the state examination

The Commissioner of insurance may suspend or revoke a certificate of authority for all of the following EXCEPT

The company was compelled by a court order to pay a final judgement rendered against it

Misrepresenting the terms of a policy to induce a policyholder to lapse or surrender a policy is called

Twisting

Which of the following is NOT a duty of the commissioner of insurance?

Writing Georgia insurance law

Who investigates, settles, and provides reports involving claims arising under insurance contracts?

adjuster

When conducting examinations, the Commissioner of Insurance can do all of the following EXCEPT

require parties to appear only in person.