Georgia Life, Health & Accident Insurance Exam V2 | 2026/2027
Update | Complete Study Guide | Verified Questions & Answers |
100% Correct Solutions | Grade A
Q: Statements made on an insurance application that are believed to be true to the best of the
applicant's knowledge are called
Answer
representations
Q: T applied for a disability income policy and has a history of back injuries.The insurer issued
the policy with a statement that excludes coverage for back injuries. This statement is called a(n)
Answer
Impairment rider
Q: Accidental death coverage is provided to commercial airline passengers in which of the
following types of policies
Answer
Blanket Accident policy
Q: Which of the following provisions guarantees that premiums will be waived if juvenile life
policy owner becomes disabled
Answer
Payor clause
,Q: Which of the following types of Term Life policies most likely contains a renewability
feature
Answer
10 year convertible term
Q: What kind of life insurance product covers children under their parent's policy?
Answer
Term rider
Q: B receives yearly dividends and interest from a participating life insurance policy. Which of
these should B include as gross income for federal income tax purposes?
Answer
Interest only
Q: Post-tax dollar contributions are found in
Answer
Roth IRA investments
Q: An example would of unfair claims practice would be
Answer
Failing to effectuate prompt fair and equitable settlements of a claim
,Q: Which of the following types of health coverage frequently uses a deductible?
Answer
Major Medical policy
Q: Which of the following types of permanent life insurance policies offers the highest initial
cash value
Answer
Single Premium
Q: What does the owenrship clause in a life insurance policy state ?
Answer
Who the policy owner is and what rights the policy owner is entitled to
Q: Which provision allows the policyowner to change a term life policy to a permanent one
without providing proof of good health?
Answer
conversion
Q: In Georgia monthly premium accident and sickness insurance policies must provide a grace
period of at least
Answer
10 days
, Q: Upon policy delivery, a signed good health statement is requested from the applicant. Why
would this be necessary?
Answer
The initial premium was NOT submitted with the application
Q: What type of life insurance are credit policies issued as?
Answer
term
Q: All of the following statements are true regarding a policy's Grace period Except
Answer
Past due premiums are waived
Q: Which of the following statements are correct about death benefits
Answer
Must have mental illness to qualify
Q: Someone who is appointed by an insurer to engage in insurance transactions is called an
Answer
Agent
Update | Complete Study Guide | Verified Questions & Answers |
100% Correct Solutions | Grade A
Q: Statements made on an insurance application that are believed to be true to the best of the
applicant's knowledge are called
Answer
representations
Q: T applied for a disability income policy and has a history of back injuries.The insurer issued
the policy with a statement that excludes coverage for back injuries. This statement is called a(n)
Answer
Impairment rider
Q: Accidental death coverage is provided to commercial airline passengers in which of the
following types of policies
Answer
Blanket Accident policy
Q: Which of the following provisions guarantees that premiums will be waived if juvenile life
policy owner becomes disabled
Answer
Payor clause
,Q: Which of the following types of Term Life policies most likely contains a renewability
feature
Answer
10 year convertible term
Q: What kind of life insurance product covers children under their parent's policy?
Answer
Term rider
Q: B receives yearly dividends and interest from a participating life insurance policy. Which of
these should B include as gross income for federal income tax purposes?
Answer
Interest only
Q: Post-tax dollar contributions are found in
Answer
Roth IRA investments
Q: An example would of unfair claims practice would be
Answer
Failing to effectuate prompt fair and equitable settlements of a claim
,Q: Which of the following types of health coverage frequently uses a deductible?
Answer
Major Medical policy
Q: Which of the following types of permanent life insurance policies offers the highest initial
cash value
Answer
Single Premium
Q: What does the owenrship clause in a life insurance policy state ?
Answer
Who the policy owner is and what rights the policy owner is entitled to
Q: Which provision allows the policyowner to change a term life policy to a permanent one
without providing proof of good health?
Answer
conversion
Q: In Georgia monthly premium accident and sickness insurance policies must provide a grace
period of at least
Answer
10 days
, Q: Upon policy delivery, a signed good health statement is requested from the applicant. Why
would this be necessary?
Answer
The initial premium was NOT submitted with the application
Q: What type of life insurance are credit policies issued as?
Answer
term
Q: All of the following statements are true regarding a policy's Grace period Except
Answer
Past due premiums are waived
Q: Which of the following statements are correct about death benefits
Answer
Must have mental illness to qualify
Q: Someone who is appointed by an insurer to engage in insurance transactions is called an
Answer
Agent
