Georgia Adjuster Practice Test

Under Georgia law, who must be licensed to receive commissions for insurance services?

1. Only brokers

2. Only agents and adjusters

3. Any person providing insurance services

4. No licensing is necessary for commissions

The correct answer is: Any person providing insurance services

In Georgia, the requirement for licensing to receive commissions for insurance services extends to any individual engaged in activities that involve the solicitation, negotiation, or selling of insurance. This includes not just agents and brokers, but also adjusters and any other persons who may benefit from commissions related to insurance transactions. Licensing ensures that all individuals providing these services have met the educational and regulatory standards required by the state, which ultimately protects consumers and maintains integrity in the insurance market. By requiring that any person providing insurance services be licensed, Georgia emphasizes the importance of proper training and adherence to industry regulations, thereby enhancing the professionalism of those in the insurance field. This broad requirement enables oversight and accountability, ensuring that all individuals involved in the insurance process are qualified to handle the associated responsibilities.