Georgia Laws, Rules, and Regulations Pertinent to Life, Accident, and Sickness Insurance
A Georgia lender conditions a loan on the borrower buying insurance through the lender's own agency. Which provision most directly fits?
Answer and explanation
Answer: A. Section 33-6-4(4) reaches boycott, coercion, and intimidation resulting in unreasonable restraint of the business of insurance, which is the character of conditioning credit on placing the coverage through a chosen agency. Rebating concerns value given to the insured, discrimination concerns rates within a class, and misrepresentation concerns statements about the policy.Source: O.C.G.A. § 33-6-4 — 33-6-4(4) applied to a lender
More georgia laws, rules, and regulations pertinent to life, accident, and sickness insurance questions
- 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?
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