Free Insurance Regulation Practice Questions
Georgia Property exam (series 12-GA-03) — 258 practice questions.
Subtopics: Commissioner selection, Department of Insurance, Rulemaking, Commissioner orders, Examination of insurers, Examination of licensees, Examination of records, Judicial review, Domestic insurer, Foreign insurer, Alien insurer, Certificate of authority, Transacting insurance, Definition of insurance, Stock and mutual, Classes of insurance, Property insurance defined, False advertising, Misrepresentation, Defamation, Boycott and coercion, False financial statements, Stock as inducement, Unfair discrimination, Rebating, Promotional items, Rebating exceptions, Coercion in lending, Family violence, Penalties, Free insurance, Deceptive names, Premium service charges, Premium charges, Market withdrawal, Fictitious groups, Notice of hearing, Hearings, Cease and desist, Investigations, Unfair claims practices, Bad faith penalty, Insurance fraud, Unauthorized insurers, Fraud reporting, Representations, Binders, Policy delivery, Electronic delivery, Certificates of insurance, Policy form filing, Premium finance, Additional fees, Standard fire policy, Agent defined, Agency license, Agency ownership, License required, Commissions, License exemptions, Renewal commissions, License qualifications, Controlled business, Prelicensing education, Moving to Georgia, Counselor license, Exam exemptions, Licensing exam, Military lapse, Temporary license, Nonresident license, Change of address, Appointments, Nonresident CE, License renewal, Continuing education, Inactive license, License revocation, Reporting duties, Licenses, Appointment termination, Subagents, Agent conduct, Records, Fiduciary duty, Commingling, Sharing commissions, Admitted insurers, Countersignature, Adjuster license, Public adjuster, Emergency adjusters, Surplus lines broker, Flood training, Cancellation notice, Return premium, Insured cancellation, Commercial cancellation, Commercial premium increase, Reduction in coverage, Rate standards, Rate filing, Rating organizations, Rate law scope, Insolvency pool, Insurance scores, Surplus lines, Surplus lines tax, Fair Credit Reporting Act, Fraud and false statements, Gramm-Leach-Bliley, Terrorism Risk Insurance Act, Motor Carrier Act, Do Not Call, McCarran-Ferguson Act, Flood Disaster Protection Act, Biggert-Waters Reform Act, Federal Insurance Office, FAIR Plan origins, Coastal Barrier Resources Act, McCarran-Ferguson antitrust, Gramm-Leach-Bliley opt-out, Gramm-Leach-Bliley notice, FCRA investigative report, FCRA free report, TRIA certification, TRIA federal share, TRIA program trigger, TRIA insurer deductible, TRIA lines covered, TRIA disclosure, 18 USC 1033 penalty, Nonadmitted and Reinsurance Reform Act, Surplus lines diligent search, Exempt commercial purchaser, Guaranty association - surplus lines, Guaranty association purpose, Twisting, Boycott, coercion, intimidation, Commingling premiums, Mandatory flood purchase amount, Force-placed flood, Private flood acceptance, HFIAA surcharge, Risk retention groups, Privacy model - adverse underwriting, Do Not Call existing relationship
Read the Insurance Regulation study guide
Sample questions & answers
1. How does Georgia's Commissioner of Insurance obtain office?
Elected by Georgia voters in the November general election
Georgia law lists the Commissioner of Insurance among the officers elected in the November election, alongside the Governor and Attorney General.
2. Under the Georgia Insurance Code, who is the chief officer of the Department of Insurance?
The Commissioner of Insurance
The Code creates the Department of Insurance and makes the Commissioner of Insurance its chief officer, with duties and powers vested by Title 33.
3. Before a Georgia insurance rule or regulation becomes effective, the proposed rule must be on file as a public record in the Commissioner's office for at least:
10 days
A proposed rule, amendment, or repeal must be on file as a public record in the Commissioner's office for at least ten days before it becomes effective, and interested persons must have a chance to comment.
4. An order or notice of the Georgia Commissioner of Insurance is effective only when it is:
In writing and signed by the Commissioner or by his authority
Orders and notices of the Commissioner are effective only when in writing and signed by him or by his authority, and each order must state its effective date, purpose, and grounds.
Practice: Insurance Regulation
Answer choices are shuffled every time, and every question comes with an explanation.
Practice questions are study aids generated for exam preparation and are not actual exam questions. Content is provided for educational purposes and is not legal advice. Verify current statutes, rules, and exam specifications with the Insurance Department and the exam administrator before relying on it.
