GA Adjuster Exam Review/ Georgia Insurance Adjuster 2022(questions with 100% correct answers)

Document Content and Description Below

GA Adjuster Exam Review 2022(questions with 100% correct answers)In GA, _____insurance cannot be written by a reciprocal type insurer. - ✔✔life No insurer or licensee doing business in Georgia ma... y 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 application fee for filing to become a self-insurer for workers compensation in Georgia? - ✔✔$500 Insurance adjusters have the "power to bind". Which of the following statements best describes what this means? - ✔✔The principal is bound to the decisions of the adjuster. The perils most frequently covered by a Difference in Conditions policy are: - ✔✔Flood and Earthquake What is the purpose of the Georgia Insurance Guaranty Association? - ✔✔Cover claims of insolvent insurers Twisting - ✔✔The act of inducing or attempting to induce a policy owner to drop an existing life insurance policy and to take another policy that is substantially the same kind by using misrepresentations or incomplete comparisons of the advantages and disadvantages of the two policies. Most states have enacted legislation making twisting a crime. [Show More]

Last updated: 9 months ago

Preview 1 out of 8 pages