GA Life Insurance Exam | Q&A Review
Guide | Updated 2026 | Verified Content
• In addition to the Insurance Department, who has the authority to regulate variable life
insurance? -✓✓Securities Exchange Commission
• Rules and regulations made by the Commissioner of Insurance must be approved by
the -✓✓Georgia Attorney General
• Which of the following has the greatest impact in making one individual's life insurance
premium different from that of another individual, assuming both own the same type of
policy? -✓✓The policy's mortality factor
• Frank is the insured in a $40,000, 5-year level term policy issued in 2001. He died in
2007. His beneficiary received -✓✓nothing
• Michelle, age 31, just purchased a $50,000 variable life insurance policy. With regard
to her policy, which of the following statements is NOT correct -✓✓At her death, her
beneficiary may receive more or less than $50,000 in proceeds.
• Term life insurance is... -✓✓Term insurance provides protection for only a temporary
period
• An applicant for health insurance completes the application and satisfies all of the
conditions of the conditional receipt. If the policy is eventually issued as applied for,
coverage takes effect: -✓✓just as if the policy had already been issued
• Tom has a $50,000 whole life policy. If he continued to pay the required premiums and
lived to age 100, he would receive: -✓✓$50,000 as an endowment
• An applicant for an agent license has failed the written examination 3 times. What
must the applicant do in order to take the examination a fourth time? -✓✓ke the
prelicensing course before retaking the exam.
• When must credit accident and sickness insurance policies define total disability as the
inability to perform any occupation for which the debtor is reasonably fitted by
education, training, or experience? -✓✓After the first 12 months of disability
• An agent has been licensed in Georgia for 9 years. How many hours of classroom
study must this agent complete in continuing education to keep the license valid? -
✓✓15 hours.
• Increasing term insurance is almost always sold as a(an): -✓✓rider.
Guide | Updated 2026 | Verified Content
• In addition to the Insurance Department, who has the authority to regulate variable life
insurance? -✓✓Securities Exchange Commission
• Rules and regulations made by the Commissioner of Insurance must be approved by
the -✓✓Georgia Attorney General
• Which of the following has the greatest impact in making one individual's life insurance
premium different from that of another individual, assuming both own the same type of
policy? -✓✓The policy's mortality factor
• Frank is the insured in a $40,000, 5-year level term policy issued in 2001. He died in
2007. His beneficiary received -✓✓nothing
• Michelle, age 31, just purchased a $50,000 variable life insurance policy. With regard
to her policy, which of the following statements is NOT correct -✓✓At her death, her
beneficiary may receive more or less than $50,000 in proceeds.
• Term life insurance is... -✓✓Term insurance provides protection for only a temporary
period
• An applicant for health insurance completes the application and satisfies all of the
conditions of the conditional receipt. If the policy is eventually issued as applied for,
coverage takes effect: -✓✓just as if the policy had already been issued
• Tom has a $50,000 whole life policy. If he continued to pay the required premiums and
lived to age 100, he would receive: -✓✓$50,000 as an endowment
• An applicant for an agent license has failed the written examination 3 times. What
must the applicant do in order to take the examination a fourth time? -✓✓ke the
prelicensing course before retaking the exam.
• When must credit accident and sickness insurance policies define total disability as the
inability to perform any occupation for which the debtor is reasonably fitted by
education, training, or experience? -✓✓After the first 12 months of disability
• An agent has been licensed in Georgia for 9 years. How many hours of classroom
study must this agent complete in continuing education to keep the license valid? -
✓✓15 hours.
• Increasing term insurance is almost always sold as a(an): -✓✓rider.
