Georgia Laws, Rules, and Regulations Pertinent to Life, Accident, and Sickness Insurance
Two Georgia agencies agree to act together against a competitor, but the market is unaffected. Is section 33-6-4(4) engaged?
Answer and explanation
Answer: B. Section 33-6-4(4) reaches an agreement to commit, or concerted action committing, boycott, coercion, or intimidation resulting in unreasonable restraint of or monopoly in the business of insurance. The stated result is part of the provision, and agencies are within its reach.Source: O.C.G.A. § 33-6-4 — 33-6-4(4), Result required
More georgia laws, rules, and regulations pertinent to life, accident, and sickness insurance questions
- A Georgia insurer is both due for its periodic examination and under investigation for trade practices. Which authorities apply?
- A Georgia insurer refuses to pay a claim without looking into the facts. Which enumerated practice does that match?
- 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?
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