Georgia Property & Casualty Practice Exam

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Prepare for the Georgia Property and Casualty Exam. Use multiple choice questions with hints and explanations to enhance your readiness. Ace your test with confidence!

Practice this question and more.

If Acme Insurance Company cancels Fallow Landscaping Company's policy for non-payment, how many days' notice must Acme provide?

75 days
60 days
45 days
30 days

The correct answer is: 75 days

In the state of Georgia, if an insurance company cancels a policy for non-payment of premium, the law requires that the insurer provide a notice period of at least 10 days. However, it's important to recognize that this maximum notice requirement often leads to confusion about the other options presented. The requirement for a 75-day notice is not applicable in the case of non-payment; this duration is typically associated with certain types of coverage or specific circumstances dictated by state law or the type of policy involved. In contrast, providing 30 days would exceed the minimum requirement for non-payment cancellation, making it unnecessarily lengthy and not reflective of standard procedures for such cases. Understanding these timelines is critical for both insurers and policyholders in maintaining compliance with state regulations and ensuring that the cancellation process is handled correctly.