Georgia Life, Health & Accident Insurance Final Exam |
2026/2027 Update | Complete Study Guide | Verified Questions
& Answers | 100% Correct Solutions | Grade A
Q: Why would the commissioner examine an insurer's records
Answer
to determine the solvency of the insurer
Q: The guarantee of insurability option provides a long-term care policy owner the ability to
Answer
buy additional coverage at a later date
Q: Which of the following statements best describes what legal action provision of an accident
and health policy requires
Answer
And insured must wait at least 60 days after proof of loss has been submitted before a lawsuit
can be filed
Q: What is Medicare?
Answer
A hospital and medical expense insurance program
,Q: What is old age and survivors health insurance OASDHI also known for
Answer
Social Security's
Q: Which of these statements concerning an individual straight life annuity is accurate
Answer
Payments are made to an annuitant for life
Q: The situation in which a group of physicians are salaried employees and conduct business in
an HMO facility is called a
Answer
closed panel
Q: An architecture firm would stand to lose a lot of money in the event of the death of his
project manager. Which type of policy should the firm purchase on his project manager?
Answer
Key person life policy
Q: The act of an insurance company publishing misleading information about its policy
provisions is called
Answer
False advertising
, Q: In Georgia an accident and sickness policy that is paid on a quarterly basis requires a grace
period of
Answer
31 day's
Q: Q is hospitalized for three days and receives a bill for $10,100. If Q has a major medical
policy with a $100 deductible and 80/20 coinsurance. How much will Q be responsible for
paying of this claim
Answer
$2,100, 10,000 x 20% = 2000 + 100
Q: T would like to be assured $10,000 is available in 10 years to replace a roof on his house.
What kind of $10,000 policy should T purchase?
Answer
Ten-Year Endowment
Q: In Georgia which of the following is considered an unfair trade practice
Answer
coercion
2026/2027 Update | Complete Study Guide | Verified Questions
& Answers | 100% Correct Solutions | Grade A
Q: Why would the commissioner examine an insurer's records
Answer
to determine the solvency of the insurer
Q: The guarantee of insurability option provides a long-term care policy owner the ability to
Answer
buy additional coverage at a later date
Q: Which of the following statements best describes what legal action provision of an accident
and health policy requires
Answer
And insured must wait at least 60 days after proof of loss has been submitted before a lawsuit
can be filed
Q: What is Medicare?
Answer
A hospital and medical expense insurance program
,Q: What is old age and survivors health insurance OASDHI also known for
Answer
Social Security's
Q: Which of these statements concerning an individual straight life annuity is accurate
Answer
Payments are made to an annuitant for life
Q: The situation in which a group of physicians are salaried employees and conduct business in
an HMO facility is called a
Answer
closed panel
Q: An architecture firm would stand to lose a lot of money in the event of the death of his
project manager. Which type of policy should the firm purchase on his project manager?
Answer
Key person life policy
Q: The act of an insurance company publishing misleading information about its policy
provisions is called
Answer
False advertising
, Q: In Georgia an accident and sickness policy that is paid on a quarterly basis requires a grace
period of
Answer
31 day's
Q: Q is hospitalized for three days and receives a bill for $10,100. If Q has a major medical
policy with a $100 deductible and 80/20 coinsurance. How much will Q be responsible for
paying of this claim
Answer
$2,100, 10,000 x 20% = 2000 + 100
Q: T would like to be assured $10,000 is available in 10 years to replace a roof on his house.
What kind of $10,000 policy should T purchase?
Answer
Ten-Year Endowment
Q: In Georgia which of the following is considered an unfair trade practice
Answer
coercion
