State RegulationsGA specificDifficulty 1/5
Under O.C.G.A. § 33-1-2, which activity constitutes an insurance transaction in Georgia?
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Answer & full 3-part explanation (select an option above, or peek)
Why C is correct
Under O.C.G.A. § 33-1-2, an insurance transaction includes solicitation, negotiations preliminary to the execution of an insurance contract, and any transaction relating to the contract. The definition reaches conduct well before a policy is issued, so a producer is transacting insurance from the first solicitation.
Why the other options are wrong
- A) General wellness information with no insurance element is not a transaction involving an insurance contract.
- B) An internal budget filing with the insurer's home office involves no solicitation, negotiation, or insurance contract.
- D) A personal development training class is an internal employment activity, not an insurance transaction with the public.
Memory hook
Solicitation starts the transaction — the sale starts at hello.