GA PROPERTY & CASUALTY INSURANCE TEST- GA RULES & REGULATIONS(GA PROPERTY & CASUALTY INSURANCE TEST- GA RULES & REGULATIONS)

-acting as a special agent assisting insurance producers when such assistance is limited to providing technical advice and does not include selling soliciting or negotiations of insurance - Continuing Education - ANSWERS,- all resident agents licensed for less than 20yrs must complete a minimum of 30 hrs. every 2 years; renewed on birthday - more than 20 years must complete a minimum of 10hrs per year - 3 hrs must address ethic, legislative update or Federal or Departmental Regulatory changes. - in some cases, excess hours may be carried forward -the # of hrs depends on when the license was first issued License Maintenance - ANSWERS,- if you don't represent at least one insurer doing business in the state of GA your license will be put on inactive status. -If in Inactive Status, you must still complete the continuing education requirements. -license will be automatically revoked if it has been continuously on "inactive status" with out a current Certificate of Authority on file to represent any insurer in GA for a period of 2 years. License Suspension - ANSWERS,if you engage in fraudulent activities, you insurance license will be revoked for 5yrs. Temporary License - ANSWERS,-can be issued for minimum 6 months - must be with licensed supervisor - can be extended but no more than 15 months after first issuance Counselors - ANSWERS,- engages in business of counseling, advising, or rendering opinions - must have Counselor License to charge fees to customer a. minimum of 5yrs. experience as agent, subagent or adjuster b. must take Counselor exam Rebating - ANSWERS,a practice, prohibited in most states, of offering a cash payment or something of value to an applicant as an inducement to buy or maintain insuranc