Georgia Laws, Rules, and Regulations Pertinent to Life, Accident, and Sickness Insurance
Which activities does Georgia include within transacting insurance?
Answer and explanation
Answer: D. Section 33-1-2(9) defines transact, with respect to insurance, to include solicitation and inducement, preliminary negotiations, effectuation of a contract of insurance, and transaction of matters subsequent to effectuation and arising out of it. The definition runs from the first approach through post-issue servicing.Source: O.C.G.A. § 33-1-2 — 33-1-2(9), Transact
More georgia laws, rules, and regulations pertinent to life, accident, and sickness insurance questions
- A Georgia insurer does not itself set the differing rates, but knows its agents apply them within one class. Is the unfair discrimination provision engaged?
- A Georgia insurer has no shares to issue and cannot raise capital by selling equity. Which form is it?
- A Georgia insurer has no system of control over its advertisements and a misleading one reaches the public. What is the position?
- 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?
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