Georgia Laws, Rules, and Regulations Pertinent to Life, Accident, and Sickness Insurance
Why does an insurer's control system matter when a misleading advertisement appears?
Answer and explanation
Answer: C. Rule 120-2-11-.04 requires a system of control over content, form, and method of dissemination and makes insurers responsible for all advertisements of their policies regardless of authorship, while section 33-6-4(1) prohibits misleading assertions placed before the public. The system is the means of compliance, not a transfer of responsibility or a substitute for the prohibition.Source: Ga. Comp. R. & Regs. r. 120-2-11-.04 — 120-2-11-.04 read with 33-6-4(1)
More georgia laws, rules, and regulations pertinent to life, accident, and sickness insurance questions
- A Georgia professional has advised two clients informally about their policy benefits and now advertises the service. What is the significance?
- A Georgia service representative processes beneficiary changes on in-force policies. Is that transacting insurance?
- 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?
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.