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.
