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University of Georgia
(Risk Management and Insurance Program)
State Insurance Claims Adjusters Certification
Georgia G.A Claims Adjuster Exam
Course Title and Number: Claims Adjuster Exam Exam Title: Board Exam Exam Date: Exam 2024- 2025 Instructor: [Insert Instructorās Name] Student Name: [Insert Studentās Name] Student ID: [Insert Student ID]
Examination
180 minutes Instructions:
- Read each question carefully.
- Answer all questions.
- Use the provided answer sheet to mark your responses.
- Ensure all answers are final before submitting the exam.
- Please answer each question below and click Submit when you have completed the Exam.
- This test has a time limit, The test will save and submit automatically when the time expires
- This is Exam which will assess your knowledge on the course Learning Resources.
Good Luck!
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State Insurance Claims Adjusters Certification 2024- Georgia Adjuster Exam Review Questions and Answers | 100% Pass Guaranteed | Graded A+ | Read All Instructions Carefully and Answer All the Questions Correctly Good Luck: - In GA, _____insurance cannot be written by a reciprocal type insurer. - =Answer>> life Georgia licensees may carry forward continuing education credit not to exceed ___ of the annual continuing education requirement. - =Answer>> 50% The Jones Act uses the comparative negligence standard. - =Answer>> A commercial lines policy has been in effect for more than 60 days.The insurer intends to cancel for an approved reason other than non-payment of premium. How many days advance cancellation notice must be sent to the first named insured? - =Answer>> 45 days ________ is a legal term describing an intentional act that is illegal or morally wrong, that contributes to the injury of another person. - =Answer>> Malfeasance Algae are NOT included in the definition of "fungus" under the additional coverage of the cause of loss forms. - =Answer>> Need Writing š¤Help? We've Got You Covered! āļø 100% NO A I or Plagiarism Guaranteedš¤
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How soon, following a hearing, must the Commissioner enter an "order" revealing his or her findings? - =Answer>> No later than 30 days The wording of the Standard Fire policy is so vague that many insurers have to rely on __________ to take a position on the acceptance or denial of a claim. - =Answer>> Case Law Interline Endorsement - =Answer>> Interline endorsements are written to change more than one coverage part that is included in a Commercial Package policy. Upon the examination of any person, employee or officer, the Georgia Insurance Commissioner will provide a copy of the report to those examined at least _____ days before filing the report for public access. - =Answer>> 20 days The NAIC Model Unfair Claim Settlement Practice Act does not apply to workers' compensation, surety bonding, or equipment breakdown insurance, but it does apply to dwelling insurance. - =Answer>> Georgia has a valued policy law that applies to insurance on a one or two family dwelling. If a total loss occurs to the dwelling after the policy has been in effect for 30 or more days, the insurance company must: - =Answer>> Pay the full amount of insurance on the dwelling. Any rules or regulations established by the Georgia Insurance Commissioner must be approved by: - =Answer>> State Attorney General Need Writing š¤Help? We've Got You Covered! āļø 100% NO A I or Plagiarism Guaranteedš¤
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The person who agrees to indemnify the surety if the principal defaults is known as an - =Answer>> An indemnitor. Which of the following is NOT TRUE regarding surety bonds? - =Answer>> They are an agreement that in exchange for a premium, the surety will indemnify the obligee. When the term "state" is used in the standard workers' compensation policy, it means any state of the United States, the District of Columbia. It DOES NOT refer to United States territories and possessions. - =Answer>> The Georgia Insurance Commissioner has the power to issue temporary licenses under certain circumstances. How long may a temporary license remain active? - =Answer>> Six months and can be renewed for up to 15 months.. The manual premium under a workers' compensation policy are based on: - =Answer>> The classification of work the employees perform. All of the following statements are true regarding an interline endorsement used in a Commercial Package policy (CPP), EXCEPT: - =Answer>> Interline endorsements are used in the CPP to simplify coverages and conditions among many different forms and apply only to two or more coverage parts. Need Writing š¤Help? We've Got You Covered! āļø 100% NO A I or Plagiarism Guaranteedš¤
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Coverage D - Loss of Use on the Homeowners forms provides coverage for "Civil Authority Prohibits Use" for: - =Answer>> No more than two weeks. To be eligible for coverage under a standardized Dwelling policy, the insured must not allow more than _______ boarders to live on the premises. - =Answer>> 5 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 - =Answer>> Code Mediation is not _____ on the parties involved, but with arbitration the decision is final and _____. - =Answer>> Binding Standard and Poor's, A.M. Best and Moody's are examples of: - =Answer>> Independent Rating Services What is the application fee for filing to become a self- insurer for workers compensation in Georgia? - =Answer>> $ Insurance adjusters have the "power to bind". Which of the following statements best describes what this means? - =Answer>> The principal is bound to the decisions of the adjuster. The perils most frequently covered by a Difference in Conditions policy are: - =Answer>> Flood and Earthquake Need Writing š¤Help? We've Got You Covered! āļø 100% NO A I or Plagiarism Guaranteedš¤
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What is the purpose of the Georgia Insurance Guaranty Association? - =Answer>> Cover claims of insolvent insurers Twisting - =Answer>> 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. Churning - =Answer>> Churning occurs when an insurance agent replaces a policyholder's insurance policy for another insurance policy, usually without consulting the policyholder and often with no changes to the coverage itself. Agents who engage in churning do so in order to secure an additional commission for the new policy they swap in. Rebating - =Answer>> Rebating ā a portion of the premium or the agent's/broker's commission on the premium to the insured or other inducements to place business with a specific insurer. Rebating is illegal in the majority of states. Insurers must use filed rate credits or have supporting methodology. Uninsured motorist coverage law in Georgia applies to bodily injury claims sustained by an insured and caused by an uninsured motorist as defined by the law. UMPD coverage is also included. - =Answer>> Need Writing š¤Help? We've Got You Covered! āļø 100% NO A I or Plagiarism Guaranteedš¤
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What is a "notice to show cause?" - =Answer>> A notice that states the proposed action may be taken by the Insurance Department unless the person shows cause at a hearing why the action should not be taken. How long can temporary total disability payments be made to an injured employee? - =Answer>> 400 weeks Which of the following is NOT covered by the Federal Employee's Compensation Act (FECA)? - =Answer>> Damages awarded by a court What is the maximum penalty per violation if a person willfully and knowingly or intentionally makes any false or misstatement for the purpose of obtaining or denying benefits or payment of workers compensation coverage? - =Answer>> $10, If an injured employee hires an attorney to represent them in a workers compensation claim dispute, what percentage of the income benefits can the attorney charge for the representation? - =Answer>> 25% In Georgia, a premium reduction for a defensive driving course applies in which of the following circumstances? - =Answer>> For each personal or family-type policy of private passenger motor vehicle insurance issued or issued for delivery in this state, the insurer must offer premium reductions of not less than 10% for motor vehicle liability, first party medical, and collision coverages if all named drivers of each motor vehicle covered by the policy satisfy Need Writing š¤Help? We've Got You Covered! āļø 100% NO A I or Plagiarism Guaranteedš¤
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the following requirements: 1. Have committed no traffic offenses for the prior three years. 2. Have no claims based on fault against an insurer for the prior three years. 3. Complete a defensive driving course which is one of the types of courses approved by the Code. The "period of restoration" for the Extra Expense coverage included on the Business Income form is: - =Answer>> Immediately following the direct physical damage Agent Rice informs the insured that he needs to secure motor vehicle records on all of the drivers in the household based on company requirements. This is an example of Agent Rice's: - =Answer>> Implied authority - the authority the agent believes he has in order to do his job properly Which of the following relieves the financial burden on the claimant by making certain payments to the claimant even before the claim is negotiated? - =Answer>> Advance Payment Coverage for workers compensation coverage in Georgia is optional for which of the following? - =Answer>> A partner or sole proprietor A partner or sole proprietor is not an employee of the business unless he/she wishes to be included as an employee in the coverage provisions and so advises his or her insurance company. Need Writing š¤Help? We've Got You Covered! āļø 100% NO A I or Plagiarism Guaranteedš¤
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The supplementary payments of Section II - Liability of the Business Automobile policy covers the cost of a bail bond up to: - =Answer>> $2, The Watercraft Endorsement to the Homeowners policy provides: - =Answer>> Liability and Medical Payments coverage that would otherwise be excluded under the Homeowners policy. Which of the following would be considered an "incidental occupancy" under a Homeowners policy? - =Answer>> An art studio located in the named insured's home, where she also holds occasional painting classes. The most significant change that occurs when a Mobile Home endorsement is added to a Homeowners policy is that: - =Answer>> The description of covered property is changed. Which of the following classifications of disability would be most likely be provided vocational rehabilitation under workers' compensation? - =Answer>> PPD. Which of the following is a general summary of a policy? - =Answer>> Certificate of Insurance Which of the following coverages would NOT be included in the liability section of the Businessowners policy? - =Answer>> Professional liability Need Writing š¤Help? We've Got You Covered! āļø 100% NO A I or Plagiarism Guaranteedš¤
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The Commissioner can hold hearings for any purpose he or she deems necessary but must give notice of the time and place of the hearing, must provide that the hearing be open to the public, and provide a notice of at least: - =Answer>> 30 days If the Agreed Value option of the Business Income form is selected by the insured, the coinsurance requirement is: - =Answer>> Waived Advertising injury coverage applies only if the offense arises from: - =Answer>> Misappropriation of ideas or copyright infringement in the course of any advertising All of the following would be covered under a Builders Risk Policy, EXCEPT: - =Answer>> A prospective buyer Which of the following is not considered to be a residual market in Georgia? - =Answer>> Georgia Insurance Guaranty Fund. The Commissioner in Georgia may, after a hearing, fine an insurance company which of the following if violations of the insurance code are discovered? - =Answer>> $2,000 for each act of misconduct and up to $5,000 for each act of willful misconduct. If an insured intentionally conceals a material fact on an application for insurance, the coverage may be: - =Answer>> Voided Need Writing š¤Help? We've Got You Covered! āļø 100% NO A I or Plagiarism Guaranteedš¤
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A dual capacity claim in Worker's Comp is filed - =Answer>> Against an employer that was acting in any capacity "Other Than an Employer" at the time the injury occurred. The NAIC Model Unfair Claim Settlement Practice Act provides for a financial penalty of - =Answer>> $1, Making false or misleading statements about dividends or shares of surplus previously paid on an insurance policy is known as: - =Answer>> Rebating Regulation of the insurance industry in the United States is primarily left to: - =Answer>> State governments Underinsured motorist coverage provides first-party protection to an insured after an accident in which of the following situations? - =Answer>> The other driver has insufficient liability limits and is "at-fault".. The optional coverage for "Money and Securities" under a standard Businessowners policy provides for the loss of money and securities used in the insured's business as a result of all of the following, EXCEPT: - =Answer>> Fraud A manufacturing company is sending two U.S. employees to Russia to discuss their products and visit a similar Russian manufacturing plant. What coverage would be needed for injuries they may incur in a work-related accident while abroad? - =Answer>> Add the Foreign Coverage Endorsement to the company's workers' compensation policy. Need Writing š¤Help? We've Got You Covered! āļø 100% NO A I or Plagiarism Guaranteedš¤
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