Chapter 8

10

In general, the Commissioner must give at least - days' advance notice of the time and place of a hearing stating the matters to be considered.

temporary

A _________________ license is valid for 6 months from the original issue date, and renewable for 3 months at a time for a maximum of 15 months from the original issue date.

30

An insurer that terminates an agent's appointment must notify the Commissioner within - days of the termination if the reason for the termination may result in suspension or revocation of a license.

30

Any demand for a hearing must be held within - days after receipt of such demand.

2000,5000

Assess a penalty of up to $- for each act or violation, or up to $- per violation if the person knew or reasonably should have known he/she was in violation

June 30,March 1

Certificates of authority expire at midnight on __________ of the year following date of issuance or renewal. Renewal forms must be filed by ____________ preceding expiration.

B

If an aggrieved person demands a hearing, the Commissioner is obliged to hold one within ________ days, and must give all parties advanced notice of at least ______ days. A. 30 and 30 B. 30 and 10 C. 10 and 10 D. 10 and 30

Cease and Desist Orders

The order will include a notice of opportunity for a hearing, which must be requested within 10 days of receipt of the order. The order and notice will be delivered by registered or certified mail or overnight mail with a return receipt.

C

What is the difference between a probationary license, a temporary insurance license, and a limited insurance license? A. A limited license only allows one to sell one type of life insurance, such as life insurance, health insurance, property insurance, or casualty insurance B. A probationary license is only in effect while one is preparing to take a licensing exam C. A temporary license does not grant the licensee the power to sell new policies D. A temporary license is granted for a period of between three months and 12 months

B

What is the maximum duration a temporary license may be valid for? A. 6 months B. 15 months C. 3 months D. 12 months

D

Which of the following statements regarding the ability of the Insurance Commissioner to examine insurers and other persons is true? A. The Commissioner may not examine insurer records more often than once every 5 years B. The Commissioner's ability to examine insurers is limited to domestic carriers C. The Commissioner must provide an insurance company with a copy of the final report of any examination within 20 days after it is published D. The Commissioner may examine the records of any licensee as often as the Commissioner deems advisable

Orders,notices

____________ and __________________ from the Commissioner are effective only when they are in writing and signed by the Commissioner's authority.

market

In connection with the examination, the Commissioner also has the authority to conduct an examination into the ______________ conduct of the HMO.

Order,notice

An ___________ or ____________ may be served by delivery in person, or by mail, addressed at the principal place of business or last address of record.

60

If the Commissioner finds accounts and records to be inadequate or incorrectly kept or posted, the person being examined will have - days upon notification to correct the accounting.

examinee

If the _________________ fails to make the corrections, the Commissioner may employ experts to rewrite, post, or balance such records at the expense of such ________________.

A

All of the following statements regarding licensing are true, except: A. An unlicensed person may never receive any compensation for the sale of an insurance policy B. Each violation of the licensing requirements is a misdemeanor C. A person is generally not required to have license if he or she is not transacting insurance or being compensated by an insurer D. Each office of an agency must obtain, and annually renew, an agency license

order

Every _____________ must state the effective date and include the purpose, grounds on which it is based, and provision of the law in which the action is being taken.

15

The request for a certificate of authority must be submitted within - days of the agent's contract or first insurance application is submitted.

True

True or False? In lieu of conducting an examination of foreign or alien insurers licensed in this state, the Commissioner may accept the examination reports by the insurance departments of such insurer's home or port-of-entry state.

True

True or False? The Commissioner may examine, as often as necessary, the accounts and records of any insurance agent, solicitor, broker, general agent, adjuster, or insurer representative.

Commissioner

has the power to examine and investigate into the affairs of every person engaged in the insurance business in Georgia, in order to determine whether the person has been or is engaged in any unfair method of competition, or in any unfair or deceptive act or practice prohibited by insurance laws and regulations.

30

The Commissioner must issue a final order within - days after a hearing is concluded.

20

The Commissioner must provide a copy of the proposed examination report to the insurer examined at least - days before the report is filed.

notice to show cause

Before any proposed action is taken, a _____________________________ will state the proposed action to be taken unless such person can show cause as to why the action should not be taken.

Commissioner

enforces and executes the duties imposed by the Insurance Code.

Commissioner

may make reasonable rules and regulations necessary for the administration and enforcement of the Insurance Code.

Commissioner

who is elected to office for a term of 4 years

read me

A temporary license allows a designated individual to maintain the existing business and service existing clients in cases where another producer dies, becomes disabled, and to his military service, or is in training to be a licensed agent. A probationary license may be part of a disciplinary action and it is granted for a period of between 3 and 12 months. A temporary license is granted for a period of 6 months, and may be renewed for up to 15 months. Limited licenses do not allow an individual to sell major lines of insurance. Limited lines include such things as credit insurance and portable electronics insurance.

D

Alice's license was revoked because she: A. Notified the Commissioner 6 days after her request for a license in Alabama was denied B. Was accused of a felony or crime of moral turpitude C. Wrote an insurance policy to cover her spouse D. Mishandled money belonging to another party

C

At minimum, transaction records must: A. Be kept for 5 years from the date the records was created, or the next departmental exam, whichever is sooner B. Include a list of participants and the policies purchased C. Be kept for 5 years after the date the transaction or the contract term is completed D. Be kept at least until the next departmental examination

1

Place the violator on probation for up to - year for each act in violation

90,approved

The Commissioner has - days to approve or disapprove an application. If no action is taken within that time frame, the application is considered _____________.

Georgia's Department of Insurance

The purpose of the department is to promote efficiency in operation and service to the public.

C

The Insurance Commissioner has which of the following duties and powers? A. The Insurance Commissioner may institute investigations of unfair trade practice if he or she obtains the permission of the Attorney General B. The Commissioner's orders and notices are deemed to be in effect, regardless of whether they are oral or in writing C. The Commissioner has the authority to make necessary rules and regulations D. The Insurance Commissioner creates and enforces the insurance code (laws)

Attorney General, 10

The Commissioner must have rules or regulations approved by the ______________________ and on public file for at least - days before a rule/regulation becomes effective.

3

The Commissioner or a person authorized by the Commissioner, may conduct an examination of any HMO and its providers no less than once every - years.

B

Which of the following statements regarding the suspension of Harry's insurance agent license accurately describes a reason for his suspension? A. He was subpoenaed to appear before the insurance commissioner of another state B. He defaulted on a debt C. He reported his arrest to the Commissioner within 30 days D. He was a accused of committing a misdemeanor

C

Which of the following statements regarding the temporary insurance license is not correct? A. Temporary licenses are granted for an initial term of 6 months B. Applicants for a temporary license must undergo a criminal background check C. A temporary license is only granted when an agent dies, becomes disabled, or serves in the military D. A temporary license does not allow the licensee to sell, solicit, or negotiate new contracts

10

If those persons are unknown, notice may be published in a newspaper of general circulation at least - days prior to the hearing.

5

The Commissioner, or a person authorized by the Commissioner, may conduct an examination of any insurer authorized to do business in this state as often as necessary, but most domestic insurers must be examined at least once every - years.

C

The Commissioner may impose which of the following penalties on any person who violates a cease and desist order following a hearing? A. Suspension but not revocation of one's license B. A fine of up to $5,000 per violation C. A fine of up to $10,000 per violation D. A sentence of one year in jail or on probation, under Georgia's Penal Code