GA General Regulations
An individual that engages in the business of advising or rendering opinions about promised benefits under any contract of insurance is know as a/an:
'Counselor' means any individual who engages or advertises or holds himself out as engaging in the business of counseling, advising, or rendering opinions as to the benefits promised under any contract of insurance issued or offered by any insurer or as to the terms, value, effect, advantages, or disadvantages under the contract of insurance, other than an actuary or consultant advising insurers. The correct answer is: Counselor
Any person who willfully violates the Georgia insurance laws regarding payment of commissions will be guilty of a misdemeanor and, upon conviction, will be subject to punishment of:
Any person who willfully violates the Georgia insurance laws regarding payment of commissions will be guilty of a misdemeanor and, upon conviction, will be subject to punishment of a fine up to $1,000, imprisonment for up to 12 months, or both penalties. The correct answer is: None of the above
A license duly issued may be suspended or revoked for any of the following, EXCEPT:
A license duly issued may be suspended or revoked by the Commissioner if the Commissioner finds that the holder of the license: failed to pass an examination for licensure, or cheated on any examination required for a license; shown lack of trustworthiness; or is a borrower in default. The correct answer is: Completed all continuing education requirements early
What is the maximum monetary penalty a person can receive for violating a cease and desist order?
A monetary penalty of up to $10,000 can be given for each violation of a cease and desist order.
Insurance producer means a person required to be licensed under the laws of Georgia to:
Insurance producer' means a person required to be licensed under the laws of Georgia to sell, solicit, or negotiate insurance. The correct answer is: All of the above
If an insurer knowingly fails to comply with or violates any rule, regulation, or order of the Commissioner, the Commissioner may refuse to issue a:
The Commissioner may refuse to issue a certificate of authority or after a hearing refuse to renew or may revoke or suspend an insurer's certificate of authority or place an insurer under administrative supervision if the insurer knowingly fails to comply with or violates any rule, regulation, or order of the Commissioner. The correct answer is: Certificate of authority
What other choice does the Commissioner have regarding examining foreign or alien insurers?
In lieu of examining foreign or alien insurers, the Commissioner may accept an examination report on such insurer as prepared by the insurance department of an insurer's state of domicile or port-of-entry state. The correct answer is: Accepting a report prepared by the insurance department of an insurer's state of domicile or port-of-entry state
If an agent in the state of Georgia publishes, disseminates, circulates, or places before the public any notice, pamphlet, letter, or over any advertisement, announcement, or statement with respect to any person in the conduct of his insurance business, in which the statement, assertion, or representation is untrue, deceptive, or misleading, the agent is committing:
Statements or advertising with respect to the business of insurance or with respect to any person in the conduct of his insurance business, in which the statement, assertion, or representation is untrue, deceptive, or misleading but not intended to harm is Misrepresentation. The correct answer is: Misrepresentation
A temporary license will not authorize the holder to:
A temporary license will not authorize the holder to sell, solicit, or negotiate new insurance accounts. The correct answer is: Sell, solicit, or negotiate new insurance accounts
Filings for continuation of an agent's license must be made by:
Agent licenses will continue in force as long as licensees meet the continuing education requirements, pay fees and submit request for license renewal. Filings for continuation of the license must be made prior to the first December 31 following the initial issuance of the license and every December 31 thereafter. The correct answer is: December 31
An individual licensed as an insurance agent in another state who moves to Georgia must make application within how many days of establishing legal residence to become a resident licensee?
An individual licensed as an insurance agent in another state who moves to Georgia must make application within 90 days of establishing legal residence to become a resident licensee. The correct answer is: 90 days
What date should an insurer file a renewal for a certificate of authority?
An insurer desiring renewal will file on March 1 preceding expiration a copy of its annual statement of December 31 of the preceding year in a form approved for current use by the Commissioner. The correct answer is: March 1
A licensee who has been licensed for less than 20 years must have how many classroom hours of continuing education per calendar year?
Continuing education requirements are 15 classroom hours per calendar year for each licensed individual who has held a license for less than 20 years. The correct answer is: 15 hours
Selling to any of the following is controlled business, EXCEPT:
Controlled business is defined as insurance contracts covering oneself or family members; officers, directors, stockholders, partners, or employees of a business in which he or a family member is engaged; or the debtors of a firm, association, or corporation of which he is an officer, director, stockholder, partner, or employee. The correct answer is: Neighbors
