Georgira Rules and Codes Pertinent to Life and Accident & Sickness Ins

60 days

A paid-up nonforfeiture benefit will become effective as specified in the policy, unless the person entitled elects another available option within how many days after the due date of the premium in default?

blanket policy

A policy that covers all of the participants without naming them individually is a

30 days

All accident and health insurance policies issued in this state must include a grace period of at least

that the dividends are not guaranteed

Any references to policy dividends must include a statement of what?

3 years

For how long are insurers required to maintain records pertaining to life insurance solicitation?

90 days

How long is the waiting period for benefits to be paid in a long-term care policy or rider?

10 days

How soon from the reinstatement of a health insurance policy would a loss be covered

10 days

In replacement, an existing insurer must provide policyowners with a policy summary for existing life insurance within how many days of receiving the written communication and replacement?

4

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

Every 24 months

Once an agent has met the requirements to sell long-term care insurance partnership policies, how often must the agent complete the 4 hours of ongoing training courses?

8 hours

Once an individual is licensed as an insurance producer for life or accident and health insurance, how many hours of training must the producer complete initially to sell long-term care insurance partnership policy?

conservation effort

The act of trying to discourage a policyholder from dropping his/her policy is called

once every 3 months

The maximum rate for each policy must be determined at regular intervals at least once a year, but not more frequently than

8%

What is the maximum allowed rate of interest on policy loans from life insurance?

replacement company

When a policy is being replaced, the replacing company notifies the

3 years

When a policy is replaced, replacing insurers must maintain a replacement register regarding that policy until the conclusion of the next regular examination by the Insurance Department or for

the agent and applicant

Whenever agents submit applications to insurers, they must also submit statements disclosing whether or not replacement is involved. Who must sign these statements?

Time limit on certain defenses

Which provision stipulates that misstatements made in a health insurance application may not be used to deny a claim after the policy has been in force for 2 years?

Entire contract

includes the policy, policy application, and any riders or endorsements added to the policy

The commissioner

is responsible for determining whether an advertisement might mislead or deceive a person of average education and intelligence