Georgia Laws, Rules, and Regulations Pertinent to Life, Accident, and Sickness Insurance
A Georgia service representative processes beneficiary changes on in-force policies. Is that transacting insurance?
Answer and explanation
Answer: A. Section 33-1-2(9) includes transaction of matters subsequent to effectuation of a contract of insurance and arising out of it, so servicing in-force business is within the definition. The definition is not confined to new business and does not depend on premium collection.Source: O.C.G.A. § 33-1-2 — 33-1-2(9), Matters arising afterward
More georgia laws, rules, and regulations pertinent to life, accident, and sickness insurance questions
- 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?
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.