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What are the powers of the Commissioner
Regulation, Examination of Records, Investigation, Hearing and Judicial Review, Issuing Penalties
length of time the commissioner has to hold a hearing if a person has complained and the commissioner feels a hearing is warranted
length of time a violater has to request a hearing regarding a penalty from the commissioner
length of time a company has to pay final restitution on a judgement rendered against it in Ga.
lenth of time of residence in Ga. that you must maintain in order to receive and Ins. license
10 quarter hours of insurance related courses within the last 12 months
what could exempt you from taking the pre-licensing course
What policies does the replacement regulation not apply to
life ins connected with a pension or profit sharing
three things you must submit with replacement application
statement signed by applicant regarding replacement of ins
statement signed by you regarding your knowledge of ins replacement, signed copy of replacement notice
list of existing life insurance being replaced
what else must you obtain at the time of replacement and turned in with the application
original or copy of written or printed material used for the replacement sales presentation
what must you leave with the applicant at the time of the application for replacement
the attempt by the existing company to convince the applicant that replacement is not in his best interest
length of time copies of replacement notices, copies of communications, and signed statement regarding replacement must be kept in office
length of time the existing insurer being replaced has to furnish the policyholder a policy summary statement if requested
within 3 working days of the receipt of the application by your company company or the date the proposed
policy is issued whichever is sooner.
length of time the replacing company has to mail notification to the existing company regarding replacement
Georgia Life and Health Insurance Guaranty Association
created to protect policyowners, insureds, and beneficiaries of life insurance policies, health insurance policies, and annuities against companies becoming insolvent
payment of benefits and continuation of coverage
what is guaranteed by the Ga. Life and Health Ins. Guaranty Assoc.
When is the only time the Medicare Supplement company must accept an applicant regardless of a pre-existing conditions
within the first 6 months of enrollment in Medicare Part B
person who seeks coverage
who is considered the applicant in an individual Medicare Supplement policy
greater than 63 days
length of lapse time that would knock a policy out of the creditable coverage definition
Benefits for Long Term Care, nursing home care, home health care, community-based care in a separete policy
not creditable coverage
not to exceed 6 months
length of time that can separate recurrent confinements and still qualify for a LTC policy
LTC Partnership Program
program that allows consumers to avoid the "spend down" of assets to qualify for Medicaid
insured must be a resident of the State of Georgia
when coverage first became effective under the policy
requirement for a LTC
policy is qualified Long Term Care insurance policy as defined by the Internal Revenue Code and was not issued prior to January 1, 2007
requirement for LTC
policy meets all the applicable requirements of this Rule and the requirements of the NAIC Long Term Care insurance model act
requirement for LTC
LTC Partnership Program Notice
outlines the requirements and benefits of a partnership policy. Must be given to the prospective applicant.
8 hour initial training class and 4 hours every 24 months
training needed to sell LTC policies, including Partnership policies
United States Secretary of Health and Human Resources
agency that requires reporting on partnership policies, benefits paid, etc.
"THIS IS A LIMITED POLICY DESIGNED TO COVER ONLY THOSE
EXPENSES WHICH MEDICARE DOES NOT COVER."
statement required to be in advertisements relating to Medical Supplemental Insurance
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