State RegulationsGA specificDifficulty 2/5
A Georgia life insurance advertisement states that the policy illustrations shown in it have been approved by the state insurance department. Under Reg. 120-2-11-.10, this statement is:
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Answer & full 3-part explanation (select an option above, or peek)
Why B is correct
Under Reg. 120-2-11-.10, an advertisement may not imply that the Georgia insurance department (the Office of Commissioner of Insurance and Safety Fire) endorses, certifies, or approves policy illustrations or any other element of the policy. Filing or regulation by the Department is not approval, and suggesting otherwise misleads consumers into treating the state as a guarantor of the product's value.
Why the other options are wrong
- A) Filing with the Department does not amount to approval, and even accurate filing does not permit implying departmental endorsement.
- C) Naming an official cannot cure the violation; the implication of departmental approval itself is what Reg. 120-2-11-.10 forbids.
- D) No such pre-approval requirement exists; the rule prohibits implying approval, it does not mandate obtaining it.
Memory hook
The Department regulates ads; it never blesses illustrations.