Georgia Navigator Practice Exam

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What initiates a hearing by the Commissioner?

A routine financial review
A demand by an aggrieved person
Public complaints about insurance premiums
A recommendation by the insurance companies

The correct answer is: A demand by an aggrieved person

A hearing by the Commissioner is initiated when there is a demand by an aggrieved person. This means that an individual or entity who feels wronged or harmed by a specific act or regulation within the insurance industry can formally request a hearing. This process is essential because it provides a mechanism for individuals to voice their grievances and seek redress within the framework of the regulatory system governing insurance practices. While routine financial reviews, public complaints, or recommendations from insurance companies may play significant roles in the oversight and regulation of the industry, they do not independently trigger a formal hearing. The process is primarily designed to address specific grievances, ensuring that individuals have a pathway to hold entities accountable and to seek resolution for their concerns. This focus on aggrieved parties emphasizes the regulatory system's responsiveness to individual rights and interests within the market.