GA ADJUSTER EXAM 90 QUESTIONS & CORRECT
ANSWERS LATEST 2025
In GA, _____insurance cannot be written by a reciprocal type insurer. - ANSWER-
life
No insurer or licensee doing business in Georgia may pay any commissions or
valuable consideration to any person for services as an agent, subagent, or
adjuster unless that person is duly licensed under the - ANSWER-Code
Mediation is not _____ on the parties involved, but with arbitration the decision is
final and _____. - ANSWER-Binding
Standard and Poor's, A.M. Best and Moody's are examples of: - ANSWER-
Independent Rating Services
What is the application fee for filing to become a self-insurer for workers
compensation in Georgia? - ANSWER-$500
Insurance adjusters have the "power to bind". Which of the following statements
best describes what this means? - ANSWER-The principal is bound to the
decisions of the adjuster.
The perils most frequently covered by a Difference in Conditions policy are: -
ANSWER-Flood and Earthquake
, What is the purpose of the Georgia Insurance Guaranty Association? - ANSWER-
Cover claims of insolvent insurers
Twisting - ANSWER-The act of inducing or attempting to induce a policy owner to
drop an existing life insurance policy and to take another policy that is
substantially the same kind by using misrepresentations or incomplete
comparisons of the advantages and disadvantages of the two policies. Most states
have enacted legislation making twisting a crime.
Churning - ANSWER-Churning occurs when an insurance agent replaces a
policyholder's insurance policy for another insurance policy, usually without
consulting the policyholder and often with no changes to the coverage itself.
Agents who engage in churning do so in order to secure an additional commission
for the new policy they swap in.
Rebating - ANSWER-Rebating — a portion of the premium or the agent's/broker's
commission on the premium to the insured or other inducements to place
business with a specific insurer. Rebating is illegal in the majority of states.
Insurers must use filed rate credits or have supporting methodology.
Uninsured motorist coverage law in Georgia applies to bodily injury claims
sustained by an insured and caused by an uninsured motorist as defined by the
law. UMPD coverage is also included. - ANSWER-
In Georgia, the Chief Deputy Commissioner must execute a bond in the amount
of: - ANSWER-$15,000
ANSWERS LATEST 2025
In GA, _____insurance cannot be written by a reciprocal type insurer. - ANSWER-
life
No insurer or licensee doing business in Georgia may pay any commissions or
valuable consideration to any person for services as an agent, subagent, or
adjuster unless that person is duly licensed under the - ANSWER-Code
Mediation is not _____ on the parties involved, but with arbitration the decision is
final and _____. - ANSWER-Binding
Standard and Poor's, A.M. Best and Moody's are examples of: - ANSWER-
Independent Rating Services
What is the application fee for filing to become a self-insurer for workers
compensation in Georgia? - ANSWER-$500
Insurance adjusters have the "power to bind". Which of the following statements
best describes what this means? - ANSWER-The principal is bound to the
decisions of the adjuster.
The perils most frequently covered by a Difference in Conditions policy are: -
ANSWER-Flood and Earthquake
, What is the purpose of the Georgia Insurance Guaranty Association? - ANSWER-
Cover claims of insolvent insurers
Twisting - ANSWER-The act of inducing or attempting to induce a policy owner to
drop an existing life insurance policy and to take another policy that is
substantially the same kind by using misrepresentations or incomplete
comparisons of the advantages and disadvantages of the two policies. Most states
have enacted legislation making twisting a crime.
Churning - ANSWER-Churning occurs when an insurance agent replaces a
policyholder's insurance policy for another insurance policy, usually without
consulting the policyholder and often with no changes to the coverage itself.
Agents who engage in churning do so in order to secure an additional commission
for the new policy they swap in.
Rebating - ANSWER-Rebating — a portion of the premium or the agent's/broker's
commission on the premium to the insured or other inducements to place
business with a specific insurer. Rebating is illegal in the majority of states.
Insurers must use filed rate credits or have supporting methodology.
Uninsured motorist coverage law in Georgia applies to bodily injury claims
sustained by an insured and caused by an uninsured motorist as defined by the
law. UMPD coverage is also included. - ANSWER-
In Georgia, the Chief Deputy Commissioner must execute a bond in the amount
of: - ANSWER-$15,000
