Laws and Rules GA P&C (2025) Actual
Exam Questions and Answers A+
Graded
20 .- .CORRECT .ANSWER .-Commissioner .must .provide .a .copy .of .the .report .to
.the .person .being .examined .at .least ._ .days
10 .days .- .CORRECT .ANSWER .-What .time .frame .does .an .Insurer .have .to .send .a
.specific .reason .for .denial .of .coverage .and .a .notice .informing .of .possible
.eligibility .to .FAIR
10 .years .- .CORRECT .ANSWER .-Bankruptcies .can .remain .in .a .consumers .credit
.file .for:
Investigative .- .CORRECT .ANSWER .-___ .Report .is .provided .by .a .consumer
.reporting .agency .contains .information .on .a .consumer's .character, .general .rep,
.personal .characteristics, .and .neighbors, .friends .or .associates?
Georgia .Valued .Policy .Law .- .CORRECT .ANSWER .-A .law .that .requires
.INSURERS .to .pay .full .policy .limit .on .single .or .two-family .residence .that .is
.destroyed .by .FIRE, .even .if .the .cost .to .rebuild .is .less .than .policy .limit:
Defies .indemnity:
$5,000 .- .CORRECT .ANSWER .-The .Maximum .penalty .that .may .be .imposed .for
.violating .Unfair .Trade .Practices .legislation .is:
2-10 .years .$10,000 .fine
2-10, .then .back .for .10 .again .- .CORRECT .ANSWER .-Max .penalty .in .GA .that .may
.be .imposed .for .insurance .fraud
30 .Days .- .CORRECT .ANSWER .-How .Long .do .you .have .to .notify .the
.Commissioner .of .Insurance .of .any .changes .(name, .address)
10 .- .CORRECT .ANSWER .-Before .any .new .RULE .or .REGULATION .becomes
.effective .it .must .be .approved .by .the .state .attorney .general .and .be .on .public
.record .for .___ .days.
Government .Insurers .- .CORRECT .ANSWER .-Who .is .exempt .from .a .Certificate
.of .Authority
Exam Questions and Answers A+
Graded
20 .- .CORRECT .ANSWER .-Commissioner .must .provide .a .copy .of .the .report .to
.the .person .being .examined .at .least ._ .days
10 .days .- .CORRECT .ANSWER .-What .time .frame .does .an .Insurer .have .to .send .a
.specific .reason .for .denial .of .coverage .and .a .notice .informing .of .possible
.eligibility .to .FAIR
10 .years .- .CORRECT .ANSWER .-Bankruptcies .can .remain .in .a .consumers .credit
.file .for:
Investigative .- .CORRECT .ANSWER .-___ .Report .is .provided .by .a .consumer
.reporting .agency .contains .information .on .a .consumer's .character, .general .rep,
.personal .characteristics, .and .neighbors, .friends .or .associates?
Georgia .Valued .Policy .Law .- .CORRECT .ANSWER .-A .law .that .requires
.INSURERS .to .pay .full .policy .limit .on .single .or .two-family .residence .that .is
.destroyed .by .FIRE, .even .if .the .cost .to .rebuild .is .less .than .policy .limit:
Defies .indemnity:
$5,000 .- .CORRECT .ANSWER .-The .Maximum .penalty .that .may .be .imposed .for
.violating .Unfair .Trade .Practices .legislation .is:
2-10 .years .$10,000 .fine
2-10, .then .back .for .10 .again .- .CORRECT .ANSWER .-Max .penalty .in .GA .that .may
.be .imposed .for .insurance .fraud
30 .Days .- .CORRECT .ANSWER .-How .Long .do .you .have .to .notify .the
.Commissioner .of .Insurance .of .any .changes .(name, .address)
10 .- .CORRECT .ANSWER .-Before .any .new .RULE .or .REGULATION .becomes
.effective .it .must .be .approved .by .the .state .attorney .general .and .be .on .public
.record .for .___ .days.
Government .Insurers .- .CORRECT .ANSWER .-Who .is .exempt .from .a .Certificate
.of .Authority
