Georgia Laws and Rules Study guides, Class notes & Summaries

LIFE ACCIDENT and SICKNESS GA EXAM QUESTIONS AND ANSWERS 100% PASS What is the maximum yearly contribution can an individual make into an IRA? An HR- 10? - Correct Answer ️️ -2,000 or 100% of earned income, whichever is less; 100% of earned income up to $41,000 which is broader? acc bodily injury or accidental means? - Correct Answer ️️ - accidental bodily injury Who manages a reciprocal? - Correct Answer ️️ -attorney in fact Reserves are defined as... - Correct Answer ️️...

Georgia Life, Accident, & Sickness Exam Study Guide with Complete Solutions Insurance - Correct Answer ️️ -A social device for spreading the chance of financial loss among a large number of people. A method of transferring risks to the insurance company. Risk - Correct Answer ️️ -Shared by all those people buying like coverage's Types of Risk? - Correct Answer ️️ -Speculative and Pure Speculative Risk - Correct Answer ️️ -Gambling. Insurance DOES NOT cover this. Insuranc...

All Practice Exam Questions - Life, Accident and Sickness - GA State License with 100% Correct Solutions 100% - Correct Answer ️️ -How much participation does a Noncontributory plan require? constructive delivery - Correct Answer ️️ -The insured hands control of the policy to another person (usually the agent) beneficiary change can be made by doing what? - Correct Answer ️️ -Filing a request with the insurer - Recording Method, or by endorsement Entire Contract Provision - C...

Georgia Laws Life insurance Exam Questions and Answers 100% Pass when the commissioner examines an insurer's records, who pays the cost associated with the examination. - Correct Answer ️️ -the insurance company being examined which of the following documents must an agent submit to the replacing insurance company during the replacement of an existing life insurance policy? - Correct Answer ️️ -notice to existing and replacing insurers on intention to replace All agents licensed ...

Georgia Life and Health Insurance Exam Questions and Answers 100% Correct Accident - Correct Answer ️️ -An unplanned unforseen event which occurs suddenly at an unspecified place Accident insurance - Correct Answer ️️ -A type of insurance that protects the insured against loss due to an accidental bodily injury Accidental bodily injury - Correct Answer ️️ -Unplanned unforseen traumatic injury to the body Accidental Death and Dismemberment - Correct Answer ️️ -An insurance...

GA Life, Health and Accident Insurance Exam Questions and Answers 100% Pass An individual wishes to purchase whole life Insurance but does not wish to pay premiums past retirement age. Which of the following policies should the person buy? - Correct Answer ️️ -Limited pay In addition to the Insurance Department, who has the authority to regulate variable life insurance? - Correct Answer ️️ -Securities Exchange Commission Rules and regulations made by the Commissioner of Insurance ...

GA Life and Health Exam Questions and Answers 100% Pass Policyholders elect the governing bodies of which of the following types of insurance companies? - Correct Answer ️️ -Mutual An insurance agent is in violation of the Rules Governing Advertisement of Life Insurance and Annuities if the agent takes which of the following actions during a sales presentation? - Correct Answer ️️ -Refers to guaranteed policy dividends An insurance agent is guilty of twisting if the agent - Correc...

Georgia Life & Health Exam Questions and Answers 100% Pass A variable insurance policy: - Correct Answer ️️ -does not guarantee a return on its investment accounts Which of the following factors affects the amount of monthly disability benefits payable under Social Security? - Correct Answer ️️ -The amount of the benefits available from other sources Which of the following statements regarding a Tax Sheltered Annuity (TSA) is INCORRECT? - Correct Answer ️️ -The income from th...

GA Life and health Exam Questions and Answers 100% Pass the existing policy is kept in force and an additional policy is purchased from the same company - Correct Answer ️️ -Georgia's Replacement Rule applies to all of the following situations EXCEPT Waiver of premium - Correct Answer ️️ -A life insurance policy which ensures that the premium will be paid if the insured becomes disabled has what kind of rider attached? Premiums are Waived if the Payor becomes Disabled - Correct A...