Georgia Laws, Rules, and Regulations Pertinent to Life, Accident, and Sickness Insurance
Which relationships does Georgia's definition of controlled business reach?
Answer and explanation
Answer: B. Section 33-23-1(5) defines controlled business by reference to coverage for the person or the person's spouse, for any relative by blood or marriage within the second degree of kinship, and for the person's employer or the firm of which the person is a member. It is wider than the licensee alone and is not drawn by introduction or geography.Source: O.C.G.A. § 33-23-1 — 33-23-1(5), Controlled business defined
More georgia laws, rules, and regulations pertinent to life, accident, and sickness insurance questions
- A natural person is convicted of insurance fraud in Georgia. How does section 33-1-9 grade and punish it?
- A person continues the conduct after the Georgia Commissioner issues a cease and desist order. What monetary penalty may the Commissioner impose?
- Against what does Georgia measure whether discrimination is unfair?
- An agent repeats a false claim about a competitor's finances believing it to be true. Is section 33-6-4(3) engaged?
- 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?
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