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Life and Health Insurance Producer Exam

Policy provisions (GA): practice questions

Our Life & Health Insurance bank has 8 questions on this topic. Here are 4 of them with answers; the full mock exam draws from every topic, like the real one.

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Question 1 · Georgia

If a Georgia life policy sets a deadline for paying a death claim, that deadline may not exceed how long after receipt of due proof of death?

  1. Ten business days
  2. One year
  3. Six months
  4. Two months
Show the answer

D. Two months — O.C.G.A. 33-25-3(a)(11).

Question 2 · Georgia

Under Georgia's required accident and sickness provisions, what is the minimum grace period for a monthly-premium policy?

  1. 7 days
  2. 30 days
  3. 31 days after the due date
  4. 10 days
Show the answer

D. 10 days — O.C.G.A. 33-29-3(b)(3).

Question 3 · Georgia

Under Georgia's required reinstatement provision, a lapsed life policy that was not surrendered may be reinstated within what period after the premium default?

  1. One year, with back premiums but no evidence of insurability required
  2. 31 days, the same as the policy's grace period
  3. Three years, with insurability evidence and back premiums at no more than 6% interest
  4. Five years, but only if the insured passes a medical exam
Show the answer

C. Three years, with insurability evidence and back premiums at no more than 6% interest — O.C.G.A. 33-25-3(a)(8).

Question 4 · Georgia

Under Georgia's claim-forms provision, if the insurer does not send claim forms within what time after notice may the claimant submit a written proof of loss of its own?

  1. 10 working days
  2. 45 days
  3. 30 days
  4. 15 calendar days
Show the answer

A. 10 working days — O.C.G.A. 33-29-3(b) (Claim forms).

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