Georgia Life & Health Insurance Exam Prep Study Guide 

OCI + PSI Exam Prep + 50 Practice Questions

Instant PDF Download — $19.97

Preparing for the Georgia Life & Health Insurance Producer Exam?

Study the material that actually matters for Georgia.

The Georgia Life & Health Producer Exam Study Guide 2026 combines core Life & Health insurance review with the Georgia-specific laws, licensing rules, guaranty association limits, annuity suitability requirements, continuation rules, and statutory concepts that generic national exam-prep guides often miss.

Prepare for:

Life Insurance • Health Insurance • Annuities • Medicare • LTC • Disability • Federal Regulations • Georgia OCI Rules • O.C.G.A. Title 33 • GALHIGA

Georgia-Specific • 50 Practice Questions • Statutory Citations • 2026 Edition

Built Specifically for the Georgia Life & Health Exam

Georgia candidates need more than national insurance concepts.

The guide specifically focuses on the Georgia Office of Insurance and Safety Fire Commissioner (OCI), the state’s use of “agent” terminology, Georgia’s O.C.G.A. Title 33 insurance framework, state annuity rules, continuing education requirements, mini-COBRA, and the Georgia Life and Health Insurance Guaranty Association. Georgia_Life_Health_Exam_Study_…

That gives the guide a clear Georgia-specific purpose.

What’s Included for $19.97?

Your instant-download PDF includes:

✓ 40-page Georgia Life & Health study guide
✓ 2026 edition
✓ Georgia OCI licensing overview
✓ PSI exam overview
✓ Georgia pre-licensing requirements
✓ General insurance principles
✓ Life insurance products
✓ Life insurance riders
✓ Annuities
✓ Health insurance
✓ Disability income insurance
✓ Long-Term Care insurance
✓ Medicare
✓ ACA concepts
✓ Social Security
✓ Medicaid
✓ ERISA
✓ HIPAA
✓ Required policy provisions
✓ Georgia statutes & regulations
✓ O.C.G.A. Title 33 concepts
✓ Georgia annuity best-interest rules
✓ Georgia mini-COBRA
✓ GALHIGA coverage limits
✓ Georgia-specific exam tips
✓ 50 practice questions
✓ Answer explanations
✓ Statutory citations

The guide specifically tells candidates to spend the most time on the Georgia-specific sections covering statutes, GALHIGA, and unique state provisions. Georgia_Life_Health_Exam_Study_…

Understand the Georgia Exam

According to the guide, Georgia uses a combined Life & Health exam administered by PSI Services.

The guide lists:

150 total questions

140 scored + 10 pretest

165-minute time limit

70% passing score

$64 exam fee

and identifies the Georgia Office of Insurance and Safety Fire Commissioner as the licensing authority. Georgia_Life_Health_Exam_Study_…

Georgia Pre-Licensing

The guide lists the combined Life & Health pre-licensing requirement as:

40 Hours Total

20 Hours Life

20 Hours Health

through an OCI-approved provider. Georgia_Life_Health_Exam_Study_…

This study guide is designed as a review and exam-prep supplement after pre-licensing, not a replacement for required education.

General Insurance Principles

Build your foundation with:

Pure vs. Speculative Risk

Risk Avoidance

Risk Retention

Risk Sharing

Risk Reduction

Risk Transfer

Insurable Interest

Offer & Acceptance

Consideration

Adhesion

Aleatory Contracts

Unilateral Contracts

Conditional Contracts

Representations

Warranties

Concealment

Fraud

Waiver

Estoppel

Subrogation

The guide also reviews express, implied, and apparent authority, along with the fiduciary responsibilities of agents. Georgia_Life_Health_Exam_Study_…

Ethics & Prohibited Practices

Review common exam topics such as:

Misrepresentation

Twisting

Churning

Sliding

Rebating

Defamation

Fraudulent Claims

Commingling

The guide also discusses privacy and AML-related concepts under GLBA, HIPAA, and the USA PATRIOT Act. Georgia_Life_Health_Exam_Study_…

Life Insurance Review

Study the major Life products:

Term Life

Review:

Level Term

Decreasing Term

Increasing Term

Renewable Term

Convertible Term

Whole Life

Review:

Straight Whole Life

Limited Pay

Single Premium

Guaranteed Cash Value

Guaranteed Death Benefit

Guaranteed Premium

Universal Life

Review:

Flexible Premiums

Adjustable Death Benefit

Option A — Level

Option B — Increasing

Variable Products

Review:

Variable Life

Variable Universal Life

Separate Accounts

Securities Licensing Requirements

The guide also reviews common life riders and settlement options. Georgia_Life_Health_Exam_Study_…

Life Insurance Taxation

The guide reviews:

Tax-free death benefits

Tax-deferred cash value

Policy loans

Taxable surrender gains

1035 exchanges

Modified Endowment Contracts

7-pay test

Group life taxation

These concepts are especially useful when exam questions ask about the tax treatment of life insurance or policy distributions. Georgia_Life_Health_Exam_Study_…

Annuities

Review:

Accumulation Phase

Annuitization Phase

Single-Premium Annuities

Periodic-Premium Annuities

Fixed Annuities

Variable Annuities

Indexed Annuities

Immediate Annuities

Deferred Annuities

Payout Options

Life Only

Life with Period Certain

Life with Refund

Joint & Survivor

Period Certain Only

The guide also covers nonqualified annuity taxation, including the LIFO treatment of withdrawals and the federal early-distribution penalty. Georgia_Life_Health_Exam_Study_…

Georgia Annuity Best-Interest Rules

This is an important Georgia-specific section.

The guide reviews Georgia’s annuity suitability / best-interest standard under:

O.C.G.A. §33-23-110

and identifies this as a high-yield state topic. It also notes:

4-hour initial annuity training

1-hour refresher

for applicable annuity producers. Georgia_Life_Health_Exam_Study_…

Health Insurance

Review:

Major Medical

ACA Essential Health Benefits

Pre-Existing Conditions

Dependent Coverage to Age 26

Bronze / Silver / Gold / Platinum

Deductibles

Copayments

Coinsurance

Out-of-Pocket Maximums

The guide also reviews plan types:

HMO

PPO

EPO

POS

HDHP Georgia_Life_Health_Exam_Study_…

Disability Income

Study:

Elimination Period

Benefit Period

Own Occupation

Modified Own Occupation

Any Occupation

Residual Disability

Partial Disability

Presumptive Disability

Recurrent Disability

These distinctions are commonly tested because the terms sound similar but carry different meanings. Georgia_Life_Health_Exam_Study_…

Long-Term Care

Review:

Nursing Home Care

Assisted Living

Home Health

Adult Day Care

Custodial Care

The guide highlights the classic LTC benefit trigger:

2 of 6 ADLs

Bathing • Dressing • Transferring • Toileting • Continence • Eating

It also notes Georgia’s LTC training requirement:

8-hour initial training

4-hour refresher every 24 months

and discusses Georgia’s participation in the LTC Partnership program. Georgia_Life_Health_Exam_Study_…

Medicare

Review:

Part A — Hospital

Part B — Medical

Part C — Medicare Advantage

Part D — Prescription Drugs

Medigap

The guide also covers major Medicare enrollment periods, eligibility rules, deductibles, coinsurance, and Medicare Advantage enrollment windows. Georgia_Life_Health_Exam_Study_…

Social Insurance & Federal Programs

The guide reviews:

Social Security

Medicare

Medicaid

ERISA

HIPAA

COBRA

Group Plan Taxation

This section helps candidates connect insurance products to broader federal programs and employer benefits. Georgia_Life_Health_Exam_Study_…

Georgia Statutes & Regulations

This is where the guide becomes especially valuable for Georgia candidates.

Review:

Georgia Agent Licensing

The guide emphasizes that Georgia insurance law uses “agent” terminology rather than the more generic “producer” language common in other states. Georgia_Life_Health_Exam_Study_…

Georgia Unfair Trade Practices

Under O.C.G.A. §33-6, the guide reviews prohibited practices such as:

Misrepresentation

False Advertising

Defamation

Coercion

Unfair Discrimination

Rebating

Twisting

Unfair Claims Practices Georgia_Life_Health_Exam_Study_…

Georgia Mini-COBRA

The guide identifies Georgia continuation coverage under:

O.C.G.A. §33-24-21.1

and describes the state’s continuation period as: 3 Months

for qualifying small-employer situations. 

Georgia Insurance Commissioner

Georgia is unusual in that the Insurance Commissioner is a:

STATEWIDE ELECTED OFFICIAL

The guide specifically highlights this as a state-specific exam concept.

The Commissioner heads the Office of Insurance and Safety Fire Commissioner (OCI) and also has responsibility connected with the State Fire Marshal function. Georgia_Life_Health_Exam_Study_…

GALHIGA — Georgia Guaranty Association

Another high-yield Georgia-specific area.

The guide reviews the Georgia Life and Health Insurance Guaranty Association (GALHIGA) and the coverage limits candidates should know.

Key Limits Listed in the Guide

$300,000 — Life Insurance Death Benefit

$100,000 — Life Cash Surrender Value

$250,000 — Deferred Annuity Present Value

$500,000 — Basic Hospital / Medical / Major Medical

$300,000 — Disability Income / LTC

The guide also stresses that producers may not use GALHIGA as a marketing or sales inducement. Georgia_Life_Health_Exam_Study_…

Georgia-Unique Exam Concepts

The guide gives a dedicated section to the topics most likely to be missed by candidates using national-only material.

Examples include:

Statewide-elected Insurance Commissioner

“Agent” terminology

3-month mini-COBRA

Georgia annuity best-interest rules

Senior-market protections

Replacement disclosures

The guide specifically identifies these state-specific areas as high-value review topics. Georgia_Life_Health_Exam_Study_…

50 Georgia Life & Health Practice Questions

After reviewing the material, test yourself with:

50 ORIGINAL PRACTICE QUESTIONS

The guide says these questions are weighted to mirror the Georgia exam’s content distribution. Georgia_Life_Health_Exam_Study_…

The practice set covers:

General Insurance Concepts

Life Insurance

Annuities

Health Insurance

Medicare

LTC

Georgia OCI

Georgia Agent Terminology

Georgia Mini-COBRA

Georgia Annuity Rules

Georgia Pre-Licensing

Georgia CE

GALHIGA

Policy Provisions

Taxation

and more.

Examples of state-specific practice questions include:

Which agency regulates Georgia insurance?

Which term does Georgia use for the licensee?

Who administers the combined exam?

How long is Georgia mini-COBRA?

Is the Insurance Commissioner elected or appointed?

What is Georgia’s annuity suitability statute?

What is the Georgia pre-licensing requirement?

What is the GALHIGA life death-benefit limit? Georgia_Life_Health_Exam_Study_… Georgia_Life_Health_Exam_Study_…

Who Is This Study Guide For?

This guide is designed for:

• Georgia Life & Health license candidates

• First-time insurance agents

• Georgia pre-licensing students

• Life insurance agents

• Health insurance agents

• Medicare agents

• Final expense agents

• Annuity producers

• Financial-services professionals

• Candidates retaking the Georgia exam

• Candidates who need extra Georgia-specific review

• Candidates who want a low-cost exam-prep supplement

It is particularly useful for someone who already completed Georgia pre-licensing but needs a concise final review before the PSI exam.

GEORGIA LIFE & HEALTH EXAM STUDY GUIDE 2026

✓ 40-page instant PDF
✓ Georgia-specific exam prep
✓ Life + Health combined review
✓ General insurance principles
✓ Life insurance products & riders
✓ Annuities
✓ Health insurance
✓ Disability insurance
✓ Long-Term Care
✓ Medicare
✓ Social Security & federal programs
✓ Policy provisions
✓ OCI licensing rules
✓ O.C.G.A. Title 33 concepts
✓ Georgia annuity best-interest rules
✓ Georgia mini-COBRA
✓ GALHIGA coverage limits
✓ Georgia-specific provisions
✓ 50 practice questions
✓ Answer explanations
✓ Statutory citations

Don’t prepare for a Georgia licensing exam using only generic national insurance material.

GEORGIA LIFE & HEALTH EXAM STUDY GUIDE 2026

Life + Health + Georgia OCI Rules

50 Practice Questions • Statutory Citations • State-Specific Review

One Payment • No Subscription • No Recurring Fees