Georgial Propertyl andl Casualtyl Insurancel
Examl (Latestl 2026/l 2027l Update)l Guide|l
100%l Verifiedl Questionsl &l Answersl |l
Gradel A
Q:l PAPl Sectionl IIl Partl B:l Medicall Expensesl Coverage
Answer:
-coversl alll reasonablel medicall costsl andl funerall expensesl incurred,l byl thel insuredl orl
thel insured'sl familyl membersl withinl 3l yearsl ofl anl accident
-recommendedl coveragel ofl $50,000
Q:l Cancellationl andl Nonrenewall ofl Policiesl otherl thanl PAl andl PP
Answer:
Forl alll insurancel otherl thanl thatl coveringl al personall automobilel orl personall property,l al
noticel ofl termination,l includingl al noticel ofl cancellationl orl nonrenewal,l al noticel ofl
increasel inl premiumsl thatl exceedsl 15%l ofl thel currentl policy'sl premiuml unlessl duel tol al
changel inl riskl orl exposurel orl al noticel ofl changel inl anyl policyl provisionl whichl limitsl
orl restrictsl coveragel mustl bel deliveredl orl mailedl tol thel insuredl atl leastl 45l daysl beforel
thel effectivel datel ofl suchl terminationl orl change.
Failurel tol complyl withl thisl requirementl entitlesl thel policyholderl tol purchasel al policyl
forl anl additionall 30l daysl beyondl thel currentl expirationl datel (onl thel samel termsl andl
conditionsl andl withl thel samel premiuml asl thel expiringl policy).l Ifl thel policyl willl incurl
al premiuml increasel ofl morel thanl 15%,l thel dollarl amountl ofl thatl increasel mustl bel
statedl inl thel notice.
Q:l Valuationl ofl Lossl Forl al 1-2l familyl residence
Answer:
Georgial lawl containsl al valuedl policyl statute.l Anl insurerl isl requiredl tol valuel thel
propertyl atl thel amountl ofl insurancel inl effectl atl thel timel ofl thel loss,l minusl anyl
depreciation.l Ifl thel lossl occursl withinl 30l daysl ofl policyl issuance,l thel actuall lossl
sustainl upl tol thel LOLl willl bel paid.
,Q:l Whatl doesl thel valuedl policyl statutel exclude?
Answer:
Thisl valuationl provisionl doesl notl applyl tol thel followingl situations:
Thel buildingl orl structurel isl notl whollyl destroyedl byl fire;
Insurancel policiesl arel issuedl byl morel thanl 1l company,l insuringl thel samel structurel
againstl fire,l andl thel existencel ofl overinsurancel isl notl disclosedl byl thel insuredl tol alll
insurers;
2l orl morel policiesl providel insurancel forl thel samel loss;
2l orl morel buildingsl orl structuresl arel insuredl usingl al blanketl amountl ofl insurance;l or
Thel completedl valuel ofl al buildingl orl structurel isl insuredl underl al Builder'sl Riskl policy.
Q:l Georgial Tobaccol Cropl Coverage
Answer:
Anyl insurerl whol issuesl al cropl insurancel policy,l otherl thanl federall cropl insurance,l forl
tobaccol cropsl grownl inl Georgia,l willl offerl coveragel forl wind,l hail,l orl bothl forl al
periodl ofl timel extendingl untill thel cropl isl harvested.
Q:l Howl muchl noticel mustl bel givenl ifl anl insurerl doesn'tl renewl anl autol policy?
Answer:
30l days
Q:l Whatl isl Georgia'sl Financiall Responsibilityl Law?
Answer:
Georgial requiresl alll ownersl andl operatorsl ofl motorl vehiclesl carryl autol liabilityl
insurancel asl evidencel ofl securityl inl complyingl withl thel state'sl financiall responsibilityl
law.l Mustl bel issuedl forl al minimuml ofl 6l months.
Q:l Whatl arel thel motorl vehiclel liabilityl policyl limits?
,Answer:
$25Kl forl bodilyl injuryl tol 1l personl inl anyl onel accident.
$50Kl forl BIl tol 2l morel personsl inl anyl onel accident.
$25Kl forl propertyl damagel inl anyl onel accident.
Q:l Whatl isl uninsuredl motoristl coverage?
Answer:
Canl bel offeredl upl tol thel LOLl forl BIl andl PD,l butl inl nol eventl lessl thanl thel financiall
responsibilityl limit.l Thel limitsl cannotl bel lessl thanl 25/50/25
Q:l Commissionerl ofl Insurance
Answer:
Electedl forl 4l years
Regulatesl thel internall affairsl ofl thel Dept.l ofl Insurance
Doesl notl writel laws
Examinesl alll authorizedl insurers.
Q:l Producerl regulations
Answer:
Licensesl mayl bel issuedl onlyl tol individuals
Onlyl onel licensel ofl thel samel businessl typel isl allowedl perl agent.
Mustl bel licensedl inl thel firstl linel ofl authorityl forl thel agentl transactsl business
Avoidl unfairl tradel practices.
Q:l Companyl Regulations
Answer:
obtainl al certificatel ofl authorityl
remainl solvent
havel alll policyl formsl andl ratesl approvedl byl thel Dept.l
Avoidl unfairl tradel practicesl andl unfairl claiml settlementl practices.
Q:l Insurancel Guarantyl Association
, Answer:
Protectsl policyowners,l insureds,l andl beneficiariesl againstl insolventl insurersl
Alll admittedl insurersl mustl bel membersl ofl thel Association
Unfairl tradel practice:l statingl thatl thel insurer'sl policiesl arel guaranteedl byl thel existencel
ofl thel Association
Q:l Licensingl Requirements
Answer:
Meetl agel andl residencyl requirementsl (18l yearsl old;l residel inl thel statel atl leastl 6l
monthsl al year)
Passl examination
Submitl applicationl andl fees
Bel ofl goodl character
Q:l Typesl ofl licenses
Answer:
Individualsl -l residentl andl nonresident
Temporaryl licensel -l validl forl 6l months;l issuedl tol maintainl thel existingl business
Q:l Exposure
Answer:
susceptibilityl tol risk
Q:l Impliedl warranty
Answer:
al legall terml meaningl thatl al productl isl suitablel forl itsl intendedl purposel andl thatl itl fitsl
anl ordinaryl buyer'sl expectations
Q:l Insurancel policy
Examl (Latestl 2026/l 2027l Update)l Guide|l
100%l Verifiedl Questionsl &l Answersl |l
Gradel A
Q:l PAPl Sectionl IIl Partl B:l Medicall Expensesl Coverage
Answer:
-coversl alll reasonablel medicall costsl andl funerall expensesl incurred,l byl thel insuredl orl
thel insured'sl familyl membersl withinl 3l yearsl ofl anl accident
-recommendedl coveragel ofl $50,000
Q:l Cancellationl andl Nonrenewall ofl Policiesl otherl thanl PAl andl PP
Answer:
Forl alll insurancel otherl thanl thatl coveringl al personall automobilel orl personall property,l al
noticel ofl termination,l includingl al noticel ofl cancellationl orl nonrenewal,l al noticel ofl
increasel inl premiumsl thatl exceedsl 15%l ofl thel currentl policy'sl premiuml unlessl duel tol al
changel inl riskl orl exposurel orl al noticel ofl changel inl anyl policyl provisionl whichl limitsl
orl restrictsl coveragel mustl bel deliveredl orl mailedl tol thel insuredl atl leastl 45l daysl beforel
thel effectivel datel ofl suchl terminationl orl change.
Failurel tol complyl withl thisl requirementl entitlesl thel policyholderl tol purchasel al policyl
forl anl additionall 30l daysl beyondl thel currentl expirationl datel (onl thel samel termsl andl
conditionsl andl withl thel samel premiuml asl thel expiringl policy).l Ifl thel policyl willl incurl
al premiuml increasel ofl morel thanl 15%,l thel dollarl amountl ofl thatl increasel mustl bel
statedl inl thel notice.
Q:l Valuationl ofl Lossl Forl al 1-2l familyl residence
Answer:
Georgial lawl containsl al valuedl policyl statute.l Anl insurerl isl requiredl tol valuel thel
propertyl atl thel amountl ofl insurancel inl effectl atl thel timel ofl thel loss,l minusl anyl
depreciation.l Ifl thel lossl occursl withinl 30l daysl ofl policyl issuance,l thel actuall lossl
sustainl upl tol thel LOLl willl bel paid.
,Q:l Whatl doesl thel valuedl policyl statutel exclude?
Answer:
Thisl valuationl provisionl doesl notl applyl tol thel followingl situations:
Thel buildingl orl structurel isl notl whollyl destroyedl byl fire;
Insurancel policiesl arel issuedl byl morel thanl 1l company,l insuringl thel samel structurel
againstl fire,l andl thel existencel ofl overinsurancel isl notl disclosedl byl thel insuredl tol alll
insurers;
2l orl morel policiesl providel insurancel forl thel samel loss;
2l orl morel buildingsl orl structuresl arel insuredl usingl al blanketl amountl ofl insurance;l or
Thel completedl valuel ofl al buildingl orl structurel isl insuredl underl al Builder'sl Riskl policy.
Q:l Georgial Tobaccol Cropl Coverage
Answer:
Anyl insurerl whol issuesl al cropl insurancel policy,l otherl thanl federall cropl insurance,l forl
tobaccol cropsl grownl inl Georgia,l willl offerl coveragel forl wind,l hail,l orl bothl forl al
periodl ofl timel extendingl untill thel cropl isl harvested.
Q:l Howl muchl noticel mustl bel givenl ifl anl insurerl doesn'tl renewl anl autol policy?
Answer:
30l days
Q:l Whatl isl Georgia'sl Financiall Responsibilityl Law?
Answer:
Georgial requiresl alll ownersl andl operatorsl ofl motorl vehiclesl carryl autol liabilityl
insurancel asl evidencel ofl securityl inl complyingl withl thel state'sl financiall responsibilityl
law.l Mustl bel issuedl forl al minimuml ofl 6l months.
Q:l Whatl arel thel motorl vehiclel liabilityl policyl limits?
,Answer:
$25Kl forl bodilyl injuryl tol 1l personl inl anyl onel accident.
$50Kl forl BIl tol 2l morel personsl inl anyl onel accident.
$25Kl forl propertyl damagel inl anyl onel accident.
Q:l Whatl isl uninsuredl motoristl coverage?
Answer:
Canl bel offeredl upl tol thel LOLl forl BIl andl PD,l butl inl nol eventl lessl thanl thel financiall
responsibilityl limit.l Thel limitsl cannotl bel lessl thanl 25/50/25
Q:l Commissionerl ofl Insurance
Answer:
Electedl forl 4l years
Regulatesl thel internall affairsl ofl thel Dept.l ofl Insurance
Doesl notl writel laws
Examinesl alll authorizedl insurers.
Q:l Producerl regulations
Answer:
Licensesl mayl bel issuedl onlyl tol individuals
Onlyl onel licensel ofl thel samel businessl typel isl allowedl perl agent.
Mustl bel licensedl inl thel firstl linel ofl authorityl forl thel agentl transactsl business
Avoidl unfairl tradel practices.
Q:l Companyl Regulations
Answer:
obtainl al certificatel ofl authorityl
remainl solvent
havel alll policyl formsl andl ratesl approvedl byl thel Dept.l
Avoidl unfairl tradel practicesl andl unfairl claiml settlementl practices.
Q:l Insurancel Guarantyl Association
, Answer:
Protectsl policyowners,l insureds,l andl beneficiariesl againstl insolventl insurersl
Alll admittedl insurersl mustl bel membersl ofl thel Association
Unfairl tradel practice:l statingl thatl thel insurer'sl policiesl arel guaranteedl byl thel existencel
ofl thel Association
Q:l Licensingl Requirements
Answer:
Meetl agel andl residencyl requirementsl (18l yearsl old;l residel inl thel statel atl leastl 6l
monthsl al year)
Passl examination
Submitl applicationl andl fees
Bel ofl goodl character
Q:l Typesl ofl licenses
Answer:
Individualsl -l residentl andl nonresident
Temporaryl licensel -l validl forl 6l months;l issuedl tol maintainl thel existingl business
Q:l Exposure
Answer:
susceptibilityl tol risk
Q:l Impliedl warranty
Answer:
al legall terml meaningl thatl al productl isl suitablel forl itsl intendedl purposel andl thatl itl fitsl
anl ordinaryl buyer'sl expectations
Q:l Insurancel policy
