Georgia Adjuster Practice Test

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Study for the Georgia Adjuster Test with flashcards and multiple choice questions, each question provided with hints and explanations. Prepare to pass your exam with confidence!

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What is the application fee to file as a self-insurer for workers compensation in Georgia?

$100
$250
$500
$750

The correct answer is: $500

In Georgia, the application fee to file as a self-insurer for workers' compensation is indeed set at $500. This fee is established by the Georgia State Board of Workers' Compensation, which regulates the process for self-insured employers. The fee supports the administrative costs associated with processing self-insurer applications and ensuring that self-insurers meet the necessary criteria to provide adequate coverage for their employees. Becoming a self-insurer requires companies to demonstrate financial stability and the ability to pay potential claims. The fee, therefore, acts as a barrier to entry that helps to ensure that only qualified businesses pursue self-insured status. Understanding this fee is crucial for employers considering this option, as it also reflects the regulatory framework around workers' compensation in the state.