Georgia State Life & Health Insurance Laws QUESTIONS AND ANSWERS GRADED A

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Elected Correct Answer: How does the Insurance Commissioner get into office. 4 years Correct Answer: What is the term of the Ins. Commissioner What are the powers of the Commissioner Correct A... nswer: Regulation, Examination of Records, Investigation, Hearing and Judicial Review, Issuing Penalties 5 years Correct Answer: how often does the commissioner examine domestic insurers 30 days Correct Answer: length of time the commissioner has to hold a hearing if a person has complained and the commissioner feels a hearing is warranted 10 days Correct Answer: length of time a violater has to request a hearing regarding a penalty from the commissioner stock companies Correct Answer: do not pay dividends mutual companies Correct Answer: does pay dividends 30 days Correct Answer: length of time a company has to pay final restitution on a judgement rendered against it in Ga. $5,000 per act Correct Answer: fine for a willful violation of the insurance code $1,000 Correct Answer: fine for an unintended violation of the insurance code 18 Correct Answer: age you have to attain to receive an ins. license 6 months Correct Answer: lenth of time of residence in Ga. that you must maintain in order to receive and Ins. license 10 quarter hours of insurance related courses within the last 12 months Correct Answer: what could exempt you from taking the pre-licensing course 15 hours Correct Answer: amount of continuing education needed each year for agents licensed less than 20 years 10 hours Correct Answer: amount of continuing education needed each year for agents licensed more than 20 years [Show More]

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