Rule 120-2-11-.01 Statutory AuthorityThis Regulation is made and promulgated by the Insurance Commissioner pursuant to the authority set forth in Section 33-2-9 and Chapter 33-6 of the Georgia Insurance Code. Show
Rule 120-2-11-.02 Purpose
Rule 120-2-11-.03 DefinitionsFor the purpose of these Regulations:
Rule 120-2-11-.04 Applicability
Rule 120-2-11-.05 Form and Content of Advertisements
Rule 120-2-11-.06 Disclosure Requirements
Rule 120-2-11-.07 Identity of Insurer
Rule 120-2-11-.08 Jurisdictional Licensing and Status of Insurer
Rule 120-2-11-.09 Statements About the InsurerAn advertisement shall not contain statements, pictures, comparative financial ratios, or illustrations which are false or misleading, in fact or by implication, with respect to the assets, liabilities, insurance in force, corporate structure, financial condition, age or relative position of the insurer in the insurance business. An advertisement shall not contain a recommendation by any commercial rating system unless it clearly defines the scope and extent of such recommendation. Rule 120-2-11-.10 Misleading Statements, Representations and Illustrations Prohibited
Rule 120-2-11-.11 Enforcement Procedures
Rule 120-2-11-.12 Conflict with Other RulesIt is not intended that these rules conflict with or supersede any rules currently in force or subsequently adopted in this State governing specific aspects of the sale or replacement of life insurance including, but not limited to, rules dealing with life insurance cost comparison indices, deceptive practices in the sale of life insurance, and replacement of life insurance policies. Consequently, no disclosure required under any such rules shall be deemed to be an advertisement within the meaning of these rules. Rule 120-2-11-.13 Severability ProvisionIf any Section or portion of a Section of this Regulation or the applicability thereof to any person or circumstances is held invalid by a court of competent jurisdiction, the remainder of the rules or the applicability of such provision to other persons or circumstances, shall not be affected thereby. Rule 120-2-11-.14 PenaltiesAny insurer, or agent, counselor, representative, officer or employee of such insurer, failing to comply with the requirements of this Regulation shall be subject to such penalties as may be appropriate under the Insurance Laws of this State. Which statement describes a life insurance policy dividend?WHICH OF THE FOLLOWING STATEMENTS BEST DESCRIBES LIFE INSURANCE POLICY DIVIDENDS? POLICY DIVIDENDS ARE INTENTIONAL RETURN OF A PORTION OF THE PREMIUMS PAID.
Which of the following statements concerning dividends are true except?Life and health. What is a dividend in whole life insurance?A dividend is a return of a portion of the premiums paid on your policy. Because our participating life policies may pay dividends, their value is enhanced.
Why are dividends from a mutual insurer?Mutual insurers may distribute surplus profits to policyholders through dividends, or retain them in exchange for discounts on future premiums. Stock insurers can distribute surplus profits to shareholders in the form of dividends, use the money to pay off debt, or invest it back into the company.
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