Georgia Laws, Rules, and Regulations Pertinent to Life, Accident, and Sickness Insurance
An applicant concealed a material fact on the Georgia license application, discovered after issue. What ground applies?
Answer and explanation
Answer: D. Section 33-23-21 lists misrepresentation or concealment of material facts in an application among its grounds, which is what concealment on the license application is. Dishonest practices in business, misappropriation, and child support non-compliance are separate enumerated grounds describing other conduct.Source: O.C.G.A. § 33-23-21 — 33-23-21, Misrepresentation in the application
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?
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.