Georgia Life & Health Insurance Exam — All Questions

Which agency issues resident life and health insurance producer licenses in Georgia?

• a.Georgia Office of Insurance and Safety Fire Commissioner✓
• b.Georgia Department of Financial Services
• c.Georgia Insurance Commission
• d.Georgia Board of Insurance Agents

Georgia's insurance regulator is the Office of Insurance and Safety Fire Commissioner, led by an elected Commissioner who also serves as the state's Safety Fire Commissioner (Fire Marshal). It issues producer licenses and enforces the state insurance code.

After a producer is licensed in Georgia, what must happen before he or she can transact business for a particular insurer?

• a.Nothing further is required once the license is issued
• b.The insurer must appoint the producer and file that appointment with the Georgia Office of Insurance and Safety Fire Commissioner✓
• c.The producer must post a personal surety bond with the state treasurer
• d.The producer must become a resident of the insurer's home state

A license lets a person act as a producer, but to represent a specific company the insurer must appoint the producer and file the appointment with the department. A producer may hold appointments from more than one insurer at the same time.

Which statement best describes Georgia's continuing education (CE) requirement for resident life and health producers?

• a.No continuing education is required to renew the license
• b.CE is required only in the first year of licensure and never again
• c.Producers must complete state-approved CE each renewal period, including an ethics component, to keep the license active✓
• d.CE may be satisfied only by re-taking the state licensing examination

Like other states following the NAIC model, Georgia requires resident producers to complete approved continuing education each renewal cycle, including a required ethics portion, and to pay the renewal fee. The exact hour totals are set by the department; the tested concept is that ongoing, ethics-inclusive CE is mandatory to renew. Always confirm current hour requirements with the department before renewal.

A producer already licensed and residing in another state wants to sell life and health insurance in Georgia. Under standard producer-licensing rules, that producer would generally apply for:

• a.A second resident license, which requires moving to Georgia
• b.A nonresident producer license in Georgia, typically issued on a reciprocal basis without retaking prelicensing exams✓
• c.No license at all, because an out-of-state license is automatically valid everywhere
• d.A temporary permit that can never be renewed

Under the NAIC Producer Licensing Model Act, states issue nonresident licenses on a reciprocal basis: a producer who holds a license in good standing in a home state can usually obtain a Georgia nonresident license without repeating prelicensing coursework or exams, subject to the application and fee.