Georgia Laws, Rules, and Regulations Pertinent to Life, Accident, and Sickness Insurance — Georgia exam
30% of the scored questions — about 24 of 80. This section is Georgia law, the part national study material covers least.
1 / 8
A company formed in Georgia moves its head office to another state. How is it classified?
Answer and explanation
Answer: D. Section 33-3-1(4) defines a domestic insurer as one formed under the laws of Georgia, so classification follows formation rather than the location of an office. Foreign status under (5) requires formation elsewhere, and authorization is a separate matter.Source: O.C.G.A. § 33-3-1 — 33-3-1(4)-(5), Formation controls
2 / 8
A Georgia advertisement compares two products in a way that is accurate about one and silent about a material limit on the other. What is the concern?
Answer and explanation
Answer: A. Section 33-6-4(1) prohibits material placed before the public containing an assertion that is untrue, deceptive, or misleading, and an accurate statement can still mislead where a material limit is left out. Comparison advertising is not banned, and the provision does not depend on which insurer objects.Source: O.C.G.A. § 33-6-4 — 33-6-4(1) applied to a comparison advertisement
3 / 8
A Georgia agency runs a radio advertisement whose claim about coverage is misleading though not literally false. How does section 33-6-4 treat it?
Answer and explanation
Answer: B. Section 33-6-4(1) reaches material placed before the public containing an assertion, representation, or statement with respect to the business of insurance that is untrue, deceptive, or misleading. Deceptive and misleading stand alongside untrue, so literal accuracy is no defense, broadcast material is placed before the public, and reliance is not an element.Source: O.C.G.A. § 33-6-4 — 33-6-4(1), Advertising
4 / 8
A Georgia agency wishes to pay a share of commission to an unlicensed person who introduced a client. What does section 33-23-4 address?
Answer and explanation
Answer: C. Section 33-23-4 covers licensing requirements together with restrictions on the payment or receipt of commissions, which is the provision such an arrangement runs into. The section treats the matter as regulated rather than private, and disclosure to the client is not the mechanism it uses.Source: O.C.G.A. § 33-23-4 — 33-23-4, Commission restrictions
5 / 8
A Georgia agent circulates a written claim that a competing insurer is nearly insolvent, knowing it to be false. Which provision applies?
Answer and explanation
Answer: B. Section 33-6-4(3) reaches an oral or written statement that is false or maliciously critical of, or substantially misrepresents, the financial condition of an insurer. False advertising under (1) concerns assertions about the business of insurance placed before the public generally, boycott under (4) requires concerted action restraining trade, and (5) concerns filing false statements with a public official.Source: O.C.G.A. § 33-6-4 — 33-6-4(3), Defamation
6 / 8
A Georgia agent circulates an illustration that overstates what a policy will pay. Which provision applies?
Answer and explanation
Answer: A. Section 33-6-4(2) reaches making, issuing, or circulating any estimate, illustration, circular, or statement misrepresenting the terms of any policy. Defamation under (3) targets an insurer's financial condition, (5) concerns filings with a public official, and unfair discrimination under (8) concerns treatment within one class.Source: O.C.G.A. § 33-6-4 — 33-6-4(2), Misrepresenting policy terms
7 / 8
A Georgia agent is found to have violated a regulation of the Commissioner. Is that a license ground?
Answer and explanation
Answer: A. Section 33-23-21 lists violation of the insurance laws or regulations among its grounds, so a regulatory breach is within it. The ground is not limited to statutes, does not require proven consumer loss, and is not answered solely by a monetary penalty.Source: O.C.G.A. § 33-23-21 — 33-23-21, Violation of the insurance laws
8 / 8
A Georgia agent makes the same false claim about a competitor's finances, but only in conversation. Does section 33-6-4(3) still apply?
Answer and explanation
Answer: C. Section 33-6-4(3) applies to any oral or written statement that is false or maliciously critical of, or substantially misrepresents, an insurer's financial condition. Because the provision names oral statements explicitly, the medium does not matter, and it does not condition the violation on the listener acting.Source: O.C.G.A. § 33-6-4 — 33-6-4(3), Oral or written
All 93 georgia laws, rules, and regulations pertinent to life, accident, and sickness insurance questions
- A Georgia claimant asks why a claim was denied and receives no explanation. Which practice is engaged?
- A Georgia claimant requests the forms needed to file a claim and receives nothing for three weeks. Which requirement has the insurer missed?
- A Georgia insurer charges a higher rate to an applicant whose health history places him in a different underwriting class. Is that unfair discrimination?
- A Georgia insurer does not itself set the differing rates, but knows its agents apply them within one class. Is the unfair discrimination provision engaged?
- A Georgia insurer has no shares to issue and cannot raise capital by selling equity. Which form is it?
- A Georgia insurer has no system of control over its advertisements and a misleading one reaches the public. What is the position?
- A Georgia insurer is both due for its periodic examination and under investigation for trade practices. Which authorities apply?
- A Georgia insurer refuses to pay a claim without looking into the facts. Which enumerated practice does that match?
- A Georgia insurer routinely offers claimants substantially less than they ultimately recover, so that claimants must sue. Which unfair claims practice is that?
- A Georgia insurer's annual report shows capital divided into shares, a board answerable to shareholders, and profits distributed as dividends on those shares. Which form is it?
- A Georgia lender conditions a loan on the borrower buying insurance through the lender's own agency. Which provision most directly fits?
- A Georgia license is found to have been obtained through fraud. What does section 33-23-21 allow the Commissioner to do?
- A Georgia licensee writes coverage for the firm of which she is a member. Does that fall within controlled business?
- A Georgia mutual insurer and a fraternal benefit society both lack capital stock. What still separates them?
- A Georgia professional advertises that she advises clients on what their policies actually promise, charging a fee and selling nothing. What is she?
- A Georgia professional has advised two clients informally about their policy benefits and now advertises the service. What is the significance?
- A Georgia service representative processes beneficiary changes on in-force policies. Is that transacting insurance?
- A natural person is convicted of insurance fraud in Georgia. How does section 33-1-9 grade and punish it?
- A person continues the conduct after the Georgia Commissioner issues a cease and desist order. What monetary penalty may the Commissioner impose?
- Against what does Georgia measure whether discrimination is unfair?
- An agent repeats a false claim about a competitor's finances believing it to be true. Is section 33-6-4(3) engaged?
- An agent's account of a competitor's finances is technically accurate in each figure but leaves an impression far from the truth. Is section 33-6-4(3) engaged?
- An agent's misleading comparison is made to one client in a meeting rather than published. Which paragraph of section 33-6-4 fits better?
- An applicant concealed a material fact on the Georgia license application, discovered after issue. What ground applies?
- An insurer files a knowingly false statement of its financial condition with a Georgia public official. Which provision applies?
- An insurer formed under Alabama law writes business in Georgia. How does Georgia classify it?
- An insurer formed under the laws of Ontario writes business in Georgia. How is it classified?
- An insurer relocates out of Georgia. What does section 33-2-11 provide about examinations afterward?
- Besides a monetary penalty, what may the Georgia Commissioner impose for violating a cease and desist order?
- Besides a penalty and license action, what does section 33-6-9 allow?
- Counseling about what does Georgia's counselor definition cover?
- Do preliminary negotiations count as transacting insurance in Georgia?
- Does section 33-6-4(2) require the misrepresentation to appear in a formal document?
- Does someone become a Georgia counselor by advertising the service without yet having a client?
- Georgia's definition of a foreign insurer reaches formation under the laws of what?
- Georgia's definition of insurance contains an element that many state definitions leave out. Which is it?
- How do the investigation power and the penalty provision fit together in Georgia's unfair trade practices chapter?
- How does a Georgia counselor differ from a subagent?
- How does Georgia define a mutual insurer?
- How does Georgia define a subagent?
- How does Georgia define an insurance agent?
- How does Georgia define an insurer?
- How does Georgia's definition of an alien insurer differ from a definition that calls alien anything neither domestic nor foreign?
- How does section 33-6-9 measure the monetary penalty where conduct is repeated?
- How does the routine examination power differ from the investigation power in Georgia's insurance code?
- How far does the family element of Georgia's controlled business definition extend?
- May the Georgia Commissioner apply more than one remedy under section 33-6-9?
- Two Georgia agencies agree to act together against a competitor, but the market is unaffected. Is section 33-6-4(4) engaged?
- Two Georgia applicants differ in a factor the insurer's underwriting genuinely treats as a risk difference. What follows?
- Under Georgia law, what is a domestic insurer?
- What does Georgia's unfair discrimination provision measure?
- What does section 33-2-9 require of the Commissioner's compiled rules?
- What does section 33-23-4 require of a person who sells, solicits, or negotiates insurance in Georgia?
- What does section 33-6-4(3) reach besides statements that are false?
- What does section 33-6-4(4) require before conduct becomes boycott, coercion, or intimidation?
- What does the Georgia Life and Health Insurance Guaranty Association do when a member insurer fails?
- What element does section 33-6-4(1) require that section 33-6-4(2) does not?
- What is the operative difference between a Georgia stock insurer and a mutual insurer?
- What may a Georgia examination cover?
- What must exist before the penalties in section 33-6-9 become available?
- What separates a Georgia counselor from an agent?
- What separates section 33-6-4(1) from section 33-6-4(2) in Georgia?
- What subject matter does Georgia's advertising provision reach?
- When do the penalties in section 33-6-9 become available to the Georgia Commissioner?
- Which activities does Georgia include within transacting insurance?
- Which activity places a person within Georgia's counselor definition?
- Which conduct appears among the grounds on which the Georgia Commissioner may refuse, suspend, or revoke a license?
- Which conviction is a ground for license action under section 33-23-21?
- Which enumerated practice concerns an insurer that does not try to settle when liability is clear?
- Which forms of communication does section 33-6-4(1) name?
- Which of these appears in section 33-23-21 even though it does not concern insurance conduct?
- Which of these does section 33-6-4(2) expressly cover?
- Which relationships does Georgia's definition of controlled business reach?
- Which set states Georgia's three insurer categories by formation?
- Which standard does section 33-6-4(1) apply to material placed before the public?
- Which three acts does section 33-6-4(4) name?
- Who governs a Georgia mutual insurer?
- Who receives the profits of a Georgia stock insurer?
- Whom does Georgia's definition of a person include?
- Whose condition does Georgia's defamation provision protect?
- Why does an insurer's control system matter when a misleading advertisement appears?
- Why does Georgia define controlled business separately from the definition of an agent?
- Why does Georgia's definition of insurance mention a plan for distributing individual losses?
- Why does the controlled business definition matter to a Georgia licensee?
- Why does the unfair trade practices chapter contain an investigation power at all?
Drill georgia laws, rules, and regulations pertinent to life, accident, and sickness insurance until it sticks.
The app brings back the questions you miss on a spaced schedule and tracks this topic in your readiness.