GEORGIA INSURANCE LAWS REGULATORY
FRAMEWORK ASSESSMENT SCRIPT
QUESTIONS SOLUTIONS POLICY AND
COMPLIANCE REVIEW 2026
◉ The insurance commissioner is elected to office for how long?
Answer: 4 years
◉ The Commissioner enforces and executes the duties imposed by
the __________________.
Answer: Insurance Code.
◉ The Commissioner must have rules or regulations approved by
the Attorney General and on public file for at least ________ days
before a rule/regulation becomes effective.
Answer: 10 days
◉ The Commissioner, or a person authorized by the Commissioner,
may conduct an examination of any insurer authorized to do
business in this state as often as necessary, but domestic insurers
must be examined at least once every ______ years.
,Answer: 5 years
◉ If the Commissioner finds accounts and records to be inadequate
or incorrectly kept or posted, the person being examined will have
_____ days upon notification to correct the accounting.
Answer: 60 days
◉ The Commissioner must provide a copy of the proposed
examination report to the insurer examined at least ____ days before
the report is filed.
Answer: 20 days
◉ Any demand for a hearing must be held within ____ days after
receipt of such demand.
Answer: 30 days
◉ In general, the Commissioner must give at least ___ days' advance
notice of the time and place of a hearing stating the matters to be
considered
Answer: 10 days
◉ The Commissioner must issue a final order within _____days after a
hearing is concluded.
Answer: 30 days
, ◉ If it appears that a person has engaged in, is engaging in, or is
about to engage in a prohibited act, the Commissioner may issue
a____________________ if it is in the public's best interest to prohibit that
person from continuing such act, practice, or transaction.
Answer: cease and desist order
◉ In addition to issuing a cease and desist order, the Commissioner
has the authority to:
-Place the violator on probation for up to __ year for each act in
violation
Assess a penalty of up to $________ for each act or violation, or up to
$_________ per violation if the person knew or reasonably should have
known he/she was in violation
Answer: 1 year, $2,000, and $5,000
◉ The penalties for a violation of a cease and desist order are:
-A fine of up to $________ per violation
-Suspension or revocation of the person's license if the person knew
he/she was in violation
-Such other relief as is reasonable and appropriate
Answer: $10,000
FRAMEWORK ASSESSMENT SCRIPT
QUESTIONS SOLUTIONS POLICY AND
COMPLIANCE REVIEW 2026
◉ The insurance commissioner is elected to office for how long?
Answer: 4 years
◉ The Commissioner enforces and executes the duties imposed by
the __________________.
Answer: Insurance Code.
◉ The Commissioner must have rules or regulations approved by
the Attorney General and on public file for at least ________ days
before a rule/regulation becomes effective.
Answer: 10 days
◉ The Commissioner, or a person authorized by the Commissioner,
may conduct an examination of any insurer authorized to do
business in this state as often as necessary, but domestic insurers
must be examined at least once every ______ years.
,Answer: 5 years
◉ If the Commissioner finds accounts and records to be inadequate
or incorrectly kept or posted, the person being examined will have
_____ days upon notification to correct the accounting.
Answer: 60 days
◉ The Commissioner must provide a copy of the proposed
examination report to the insurer examined at least ____ days before
the report is filed.
Answer: 20 days
◉ Any demand for a hearing must be held within ____ days after
receipt of such demand.
Answer: 30 days
◉ In general, the Commissioner must give at least ___ days' advance
notice of the time and place of a hearing stating the matters to be
considered
Answer: 10 days
◉ The Commissioner must issue a final order within _____days after a
hearing is concluded.
Answer: 30 days
, ◉ If it appears that a person has engaged in, is engaging in, or is
about to engage in a prohibited act, the Commissioner may issue
a____________________ if it is in the public's best interest to prohibit that
person from continuing such act, practice, or transaction.
Answer: cease and desist order
◉ In addition to issuing a cease and desist order, the Commissioner
has the authority to:
-Place the violator on probation for up to __ year for each act in
violation
Assess a penalty of up to $________ for each act or violation, or up to
$_________ per violation if the person knew or reasonably should have
known he/she was in violation
Answer: 1 year, $2,000, and $5,000
◉ The penalties for a violation of a cease and desist order are:
-A fine of up to $________ per violation
-Suspension or revocation of the person's license if the person knew
he/she was in violation
-Such other relief as is reasonable and appropriate
Answer: $10,000
