State RegulationsGA specificDifficulty 1/5
A Georgia producer's license expired and the renewal application is received ten days after the expiration date. What should the producer expect?
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Answer & full 3-part explanation (select an option above, or peek)
Why B is correct
Under Georgia Insurance Department renewal procedures, a renewal received within fifteen days after the license's expiration must be accompanied by a late fee in addition to the regular renewal fee. The producer here is inside that window, so the license can still be renewed, but at extra cost; waiting longer risks falling out of renewal entirely.
Why the other options are wrong
- A) A late renewal is not cost-free; the late fee applies once the expiration date has passed.
- C) No examination rescheduling is triggered by a renewal filed within the late window.
- D) A renewal filed within fifteen days after expiration is still processed as a renewal with a late fee; it is not automatically denied.
Memory hook
Renew inside fifteen late days — pay the late fee, keep the license.