Georgia Property & Casualty Insurance
Licensing Exam Study guide (Latest
2026/2027 Update) | Questions & Answers |
100% Correct
Q: The period of time in which the Commissioner must conduct an examination of every
authorized insurer
Answer
5 years
Q: Time frame for the Commisioner to provide the examinee of the written report
Answer
20 days
Q: ___ days written notice to all interested parties (Hearings)
Answer
10 days
Q: The hearing must be held no later than ___ days after the request was received
Answer
30 days
,Q: Parties may request a rehearing within ___ days
Answer
30 days
Q: The Commissioner must make an order on the hearing within ___ days
Answer
30 days
Q: Maximum fine for each nonwillful insurance code violation
Answer
$2,000
Q: Maximum fine for each willful insurance code violation
Answer
$5,000
Q: Maximum fine for violating a cease and desist order
Answer
$10,000
,Q: Insurance fraud is a ___
Answer
Felony
Q: Maximum fine for insurance fraud
Answer
$10,000
Q: Minimum prison time in addition to the above fine
Answer
2 years
Q: Maximum prison time in addition to the above fine
Answer
10 years
Q: The Pool's maximum liability per covered claim is as follows: ___ for workers'
compensation claims
Answer
Full amount
, Q: The Pool's maximum liability per covered claim is as follows: ___ for the return of
unearned premium
Answer
$20,000
Q: The Pool's maximum liability per covered claim is as follows: ___ per claimant for all other
covered claims
Answer
$300,000
Q: Applicant's minimum age for licensing
Answer
18 years old
Q: Applicants must complete ___ hours of prelicensing education per line of authority
Answer
20 hours
Q: Pass the licensing exam with a score of at least ___%
Answer
70%
Licensing Exam Study guide (Latest
2026/2027 Update) | Questions & Answers |
100% Correct
Q: The period of time in which the Commissioner must conduct an examination of every
authorized insurer
Answer
5 years
Q: Time frame for the Commisioner to provide the examinee of the written report
Answer
20 days
Q: ___ days written notice to all interested parties (Hearings)
Answer
10 days
Q: The hearing must be held no later than ___ days after the request was received
Answer
30 days
,Q: Parties may request a rehearing within ___ days
Answer
30 days
Q: The Commissioner must make an order on the hearing within ___ days
Answer
30 days
Q: Maximum fine for each nonwillful insurance code violation
Answer
$2,000
Q: Maximum fine for each willful insurance code violation
Answer
$5,000
Q: Maximum fine for violating a cease and desist order
Answer
$10,000
,Q: Insurance fraud is a ___
Answer
Felony
Q: Maximum fine for insurance fraud
Answer
$10,000
Q: Minimum prison time in addition to the above fine
Answer
2 years
Q: Maximum prison time in addition to the above fine
Answer
10 years
Q: The Pool's maximum liability per covered claim is as follows: ___ for workers'
compensation claims
Answer
Full amount
, Q: The Pool's maximum liability per covered claim is as follows: ___ for the return of
unearned premium
Answer
$20,000
Q: The Pool's maximum liability per covered claim is as follows: ___ per claimant for all other
covered claims
Answer
$300,000
Q: Applicant's minimum age for licensing
Answer
18 years old
Q: Applicants must complete ___ hours of prelicensing education per line of authority
Answer
20 hours
Q: Pass the licensing exam with a score of at least ___%
Answer
70%
