State RegulationsGA specificDifficulty 1/5
Long-term care insurance is regulated in Georgia under which chapter of the insurance code?
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Answer & full 3-part explanation (select an option above, or peek)
Why D is correct
O.C.G.A. § 33-42-1 et seq. is Georgia's long-term care insurance chapter, establishing the statutory framework for LTC policy standards and producer requirements, which Reg. 120-2-16 implements. The other chapters govern life policy provisions (33-25), accident and sickness policy provisions (33-29), and Medicare supplement policies (33-43).
Why the other options are wrong
- A) Chapter 33-25 contains the standard provisions for life insurance policies.
- B) Chapter 33-29 contains the standard provisions for accident and sickness insurance policies.
- C) Chapter 33-43 governs Medicare supplement policies, not long-term care insurance.
Memory hook
LTC = 33-42: the forty-two of care.