State RegulationsGA specificDifficulty 1/5
Under O.C.G.A. § 33-38-7(a)(12)(B)(ii), the Georgia Life and Health Insurance Guaranty Association's maximum obligation per individual for a HEALTH BENEFIT PLAN is:
Select an option to reveal the answer and the full 3-part explanation — free, no signup.
Answer & full 3-part explanation (select an option above, or peek)
Why C is correct
Under O.C.G.A. § 33-38-7(a)(12)(B)(ii), the association's health coverage limits are $300,000 for disability income insurance, long-term care insurance, and other health insurance including cash values — but health benefit plans receive a higher maximum of $500,000 per individual.
Why the other options are wrong
- A) The $300,000 cap applies to disability income, long-term care, and other health coverage — health benefit plans get $500,000.
- B) The $250,000 figure is the annuity net cash surrender value cap, not a health limit.
- D) The $100,000 figure caps net cash surrender values under individual life policies, not health benefit plans.
Memory hook
Health benefit plans climb higher: 500; other health holds at 300.