Free Insurance Regulation Practice Questions
Arizona Property exam (series 13-42) — 149 practice questions.
Subtopics: Regulator, DIFI history, License required, Negotiate defined, Sell defined, Solicit defined, Applicant age, Exam timing, Exam attempts, Exam waiting period, Combined exam failure, Exam already licensed, New resident, Exam exemption, Designated producer, Change of address, License expiration, Late renewal, Renewal requirements, Voluntary surrender, Military inactive status, Temporary license, Assumed name, Report of actions, Criminal conviction, Continuing education, CE instructor credit, CE repeat course, CE records, Nonresident CE, Nonresident license, Service of process, Suspension length, Civil penalties, Grounds for discipline, Controlled business, Revocation effect, Lapsed license authority, Cease and desist, Commission sharing, Renewal commissions, Producer records, Entity office staffing, Premium by mail, Producer identification, Certificate of authority, Unauthorized insurers, Foreign insurer, Alien insurer, Domestic insurer, Insurer examinations, Misrepresentation, Misrepresentation felony, Twisting, Guaranty fund in sales, False advertising, Deceptive name, Defamation, Boycott, False financial statements, Unfair discrimination, Domestic violence, Rebating, Rebating exceptions, Prohibited inducements, Feedback incentives, Producer fees, Commercial fees, Unfair claims practices, Aftermarket parts, Assignment of claims, Claim acknowledgment, Claim decision, Claim investigation, Status letters, Late payment interest, Insurance fraud, Fraud reporting immunity, Insurer fraud reports, Fraud unit, Claim form warning, Runners and cappers, Privacy notice, Pretext interviews, Adverse underwriting, 18 USC 1033, GLBA, Adjuster definition, Public adjusting, Surplus lines placement, Surplus lines license, Surplus lines tax, Producer and SL broker, Vending machines, Property authority, Personal lines authority, Definition of insurance, Unfair practices penalty, Gender discrimination, Lawful presence, Fingerprints, Fair Credit Reporting Act, Fraud and false statements, Gramm-Leach-Bliley, Terrorism Risk Insurance Act, Motor Carrier Act, Do Not Call, McCarran-Ferguson Act, Flood Disaster Protection Act, Biggert-Waters Reform Act, Federal Insurance Office, FAIR Plan origins, Coastal Barrier Resources Act, McCarran-Ferguson antitrust, Gramm-Leach-Bliley opt-out, Gramm-Leach-Bliley notice, FCRA investigative report, FCRA free report, TRIA certification, TRIA federal share, TRIA program trigger, TRIA insurer deductible, TRIA lines covered, TRIA disclosure, 18 USC 1033 penalty, Nonadmitted and Reinsurance Reform Act, Surplus lines diligent search, Exempt commercial purchaser, Guaranty association - surplus lines, Guaranty association purpose, Boycott, coercion, intimidation, Commingling premiums, Mandatory flood purchase amount, Force-placed flood, Private flood acceptance, HFIAA surcharge, Risk retention groups, Privacy model - adverse underwriting, Do Not Call existing relationship
Read the Insurance Regulation study guide
Sample questions & answers
1. Which official enforces the Arizona insurance code and licenses insurance producers?
The Director of Insurance and Financial Institutions
The Director enforces Title 20 and approves producer license applications through the Department of Insurance and Financial Institutions (DIFI).
2. The Arizona Department of Insurance and Financial Institutions (DIFI) was created by consolidating which agencies?
The Department of Insurance, the Department of Financial Institutions and the Automobile Theft Authority
DIFI was established in 2020 by consolidating the Department of Financial Institutions, the Department of Insurance and the Automobile Theft Authority.
3. Under Arizona law, a person may sell, solicit or negotiate insurance only if the person is:
Licensed for that line of authority
A person shall not sell, solicit or negotiate insurance in Arizona unless licensed for that line of authority.
4. Conferring directly with a prospective purchaser about the substantive benefits, terms or conditions of a particular policy is defined in Arizona as:
Negotiate
Arizona defines "negotiate" as conferring directly with or offering advice directly to a purchaser or prospective purchaser concerning the substantive benefits, terms or conditions of a contract.
Practice: Insurance Regulation
Answer choices are shuffled every time, and every question comes with an explanation.
Practice questions are study aids generated for exam preparation and are not actual exam questions. Content is provided for educational purposes and is not legal advice. Verify current statutes, rules, and exam specifications with the Insurance Department and the exam administrator before relying on it.
