Ga insurance commissioner Study guides, Class notes & Summaries

GA PROPERTY & CASUALTY INSURANCE TEST- GA RULES & REGULATIONS(GA PROPERTY & CASUALTY INSURANCE TEST- GA RULES & REGULATIONS)2023

GA PROPERTY & CASUALTY TEST answers verified 2023PURE RISK TYPE OF RISK WHICH INSURANCE COMPANIES WILL INSURE IS CALLED? RANDY, THE OWNER OF A SMALL BUSINESS APPLIED FOR FIRE INSURANCE WITH LIMITS EQUAL TO 100% of THE PROPERTY VALUE. HE HAD A HUGE UNSOLD INVENTORY AND A LARGE GAMBLING DEBT. THIS MIGHT INDICATE? MORAL HAZARD PURE & SPECULATIVE RISK THE RISK OF LOSS MAY BE CLASSIFIED AS? AGGREGATE LIMIT OF LIABILITY Defined as the MAXIMUM LIMIT of coverage available under ...

GA PROPERTY & CASUALTY INSURANCE TEST- GA RULES & REGULATIONS GA PROPERTY & CASUALTY INSURANCE TEST- GA RULES & REGULATIONS GA Insurance Commissioner Ralph Hudgens - Serves as Chief Officer of Department of Insurance - Fire Marshall Chief -Elected every 4 years - Can run as as many time as you want - Reports to state legislature - Must not have a financial interest with an insurer - The Commissioner must appoint a chief deputy commissioner and when appointed they are required...

In Return for premium, and insurance company must.. - Answer-Be Fair in underwriting and pay covered losses In return for premium, an insurance company must be fair and impartial in underwriting of risks and must pay claims made for all covered losses. The part of a policy that clarifies terms in the policy is the - Answer-Definitions The valued policy statute applies in which of the following events? - Answer-In the event of a total loss by fire to a one or two family residential build...

GA PROPERTY & CASUALTY INSURANCE TEST- GA RULES & REGULATIONS QUESTIONS AND ANSWERS 100% PASS GA Insurance Commissioner - Correct Answer ️️ -Ralph Hudgens - Serves as Chief Officer of Department of Insurance - Fire Marshall Chief -Elected every 4 years - Can run as as many time as you want - Reports to state legislature - Must not have a financial interest with an insurer - The Commissioner must appoint a chief deputy commissioner and when appointed they are required to have a $15...

In GA, insurance cannot be written by a reciprocal type insurer.: life No insurer or licensee doing business in Georgia may pay any commissions or valuable consideration to any person for services as an agent, subagent, or adjuster unless that person is duly licensed under the: Code Mediation is not on the parties involved, but with arbitration the decision is final and .: Binding Standard and Poor's, A.M. Best and Moody's are examples of:: Independent Rating Services What is the applicat...

liaison - answer; communication or cooperation which facilitates a close working relationship between people or organizations. exemplary - answer; ideal model, representing the best fiduciary - answer; trust, representation for a principal-contractor or insurance company Residual market (shared market) - answer; auto insurance market serves drivers at high risk that are denied coverage by insurers 3 residual markets in Georgia - answer; Fair plan, Georgia AIP, Georgia Worker Comp. ...

GA PROPERTY & CASUALTY INSURANCE TEST- GA RULES & REGULATIONS EXAM QUESTIONS AND ANSWERS GA Insurance Commissioner - ANS Ralph Hudgens - Serves as Chief Officer of Department of Insurance - Fire Marshall Chief -Elected every 4 years - Can run as as many time as you want - Reports to state legislature - Must not have a financial interest with an insurer - The Commissioner must appoint a chief deputy commissioner and when appointed they are required to have a $15k bond - Chief...

Georgia pest and termite certification ( Rules and Regulations) Exam Questions with correct Answers 620-1-.01 (Administration) -Correct Answer-Administration of the Georgia structural pest control commission shall be administered by the commissioner of agriculture Whose office is located at: 19 Martin Luther King Junior Drive Atlanta Ga, 30334 620-1-.02 Organization of commission -Correct Answer-Georgia structural pest control commission shall consist of 7 members: - The head of the de...

Insurance GA laws P&C Exam Questions And Answers A client may pay a fee to an insurance agent in Georgia as long as the fee has a maximum de minimum value of - ANS 45$ An insurer doesn't need a reason to cancel for terminating a property or casualty policy that has been in effect less than - ANS 60 days The commissioner must hold a hearing within how many days of written demand by an aggrieved person? - ANS 30 days An agents appointment letter may be revoked by the ...