Georgia Laws, Rules, and Regulations Pertinent to Life, Accident, and Sickness Insurance
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
More georgia laws, rules, and regulations pertinent to life, accident, and sickness insurance questions
- 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?
- A company formed in Georgia moves its head office to another state. How is it classified?
592 Georgia questions like this one.
Every answer explained, the ones you miss come back on a spaced schedule, and a plan built from your exam date.