Georgia Laws, Rules, and Regulations Pertinent to Life, Accident, and Sickness Insurance
A Georgia claimant asks why a claim was denied and receives no explanation. Which practice is engaged?
Answer and explanation
Answer: C. Section 33-6-34 names failing to provide promptly a reasonable explanation of the basis for a denial or a compromise offer, when requested, among the unfair claims practices. Affirming or denying coverage, duplicating proof requirements, and characterising a payment as final are separate enumerated items.Source: O.C.G.A. § 33-6-34 — 33-6-34, Explaining a denial
More georgia laws, rules, and regulations pertinent to life, accident, and sickness insurance questions
- 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?
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