Georgia Laws, Rules, and Regulations Pertinent to Life, Accident, and Sickness Insurance
Under Georgia law, what is a domestic insurer?
Answer and explanation
Answer: C. Section 33-3-1(4) defines a domestic insurer as an insurer formed under the laws of Georgia, so the test is the state of formation. Office location and premium volume do not enter it, and holding a certificate of authority goes to whether the insurer is authorized rather than to its domicile.Source: O.C.G.A. § 33-3-1 — 33-3-1(4), Domestic insurer
More georgia laws, rules, and regulations pertinent to life, accident, and sickness insurance questions
- An agent's account of a competitor's finances is technically accurate in each figure but leaves an impression far from the truth. Is section 33-6-4(3) engaged?
- An agent's misleading comparison is made to one client in a meeting rather than published. Which paragraph of section 33-6-4 fits better?
- An applicant concealed a material fact on the Georgia license application, discovered after issue. What ground applies?
- An insurer files a knowingly false statement of its financial condition with a Georgia public official. Which provision applies?
- An insurer formed under Alabama law writes business in Georgia. How does Georgia classify it?
- An insurer formed under the laws of Ontario writes business in Georgia. How is it classified?
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.