EXAM 3 57-67
Which of the following would be considered an unfair claims settlement practice
ADVISING THE INSURED THAT IF THE CLAIM GOES TO ABRITRATION, THE INSURED WOULD PROBABLY RECIEVE LESS THAN WHAT KS CURRENTLY BEING OFFERED
Which of the following would NOT be a violation of state insurance regulations
AGENT C USES HER LICENSE TO WRITE ONLY BUSINESS OTHER THAN CONTROLLER
An insurance producer just sold an insurance policy to his sister. What kind of business is this
CONTROLLED
Producers will be deemed to be using their license primarily to write controlled business if, during any 12-month period
THE TOTAL PREMIUMS ON CONTROLLED BUSINESS EXCEED THE TORAL PREMIUMS ON ALL OTHER BUSINESS WRITTEN
An insured must get advance warning if the premiums will be increased by more than
15%
A binder is effective for a period of
90 DAYS
lt would be considered unfair discrimination to ask an insurance applicant about which of the following and then use that information as a rating factor to determine insurability
SEXUAL ORIENTATION
Any insurer who issues a crop insurance policy, other than federal crop insurance, for tobacco crops grown in Georgia, shall make available coverage for what until the crop is harvested
WIND AND/OR HAIL
If a policy has been in effect for at least 60 days or is due for renewal, a cancellation may only be effected for which of the following reasons
A CHANGE IN THE RISK THAT SUBSTANTIALLY INCREASES THE HAZARD INSURED AGAINST
An insurer decides to stop issuing auto policies in this state, and is planning to cancel the existing policies. Along with a notice of nonrenewal, the insurer must send which of the following to its policyholders
A NOTICE OF ELIGIBILITY FOR THE AUTOMOBILE INSURANCE PLAN
Two individuals are in the same risk and age class; yet, they are charged different rates for their insurance policies due to an insignificant factor. What is this called?
DISCRIMINATION