Free Insurance Regulation Practice Questions
Iowa Accident & Health exam (series 12-IA-02) — 101 practice questions.
Subtopics: Regulatory body, Commissioner, External review, Line of authority, Long-term care training, Coercion, Unfair discrimination, Fraud investigation, Guaranty association, Cease and desist, Appointment termination, Penalties, Application fraud, Privacy, Market conduct, Commissioner powers, Commissioner dual role, Receivership, Civil penalties, Hearing on denial, Unlicensed activity, License required, Advising replacement, Licensing exemptions, Nonresident license, Moving to Iowa, Moving out of Iowa, Late notification fee, Temporary license, Business entity license, Appointments, Appointment renewal, For-cause termination, Termination comments, Commissions, Service fees, LTC training, CE records, CE topics, Felony consent, Unfair claim practices, Clean claims, Late claim interest, Prompt pay exemptions, Claim audits, HIV testing, Children's coverage, Fraud bureau, Fraud immunity, Fraud bureau powers, Guaranty association limits, Guaranty association members, Domestic insurer, Unauthorized insurers, Electronic delivery, Fair Credit Reporting Act, Fraud and false statements, Privacy GLBA, Affordable Care Act, Do Not Call, McCarran-Ferguson Act, HIPAA administrative simplification, Mental Health Parity, Newborns and Mothers Health Protection, Women's Health and Cancer Rights Act, Unfair trade practices, Claims practices, Fiduciary duty, Producer licensing, Insurance fraud, HIPAA privacy, Genetic information, Medicare marketing, Guaranty associations, Regulatory structure, GLBA privacy, Telemarketing
Read the Insurance Regulation study guide
Sample questions & answers
1. Health insurance sold in Iowa is regulated primarily by which entity?
The Iowa Insurance Division
The insurance division regulates and supervises insurance in Iowa, and its commissioner has general control over all insurance business transacted in the state.
2. The Iowa Commissioner of Insurance is best described as:
Appointed by the governor to head the Division
Iowa Code 505.2 provides for appointment by the governor, subject to senate confirmation, for a four-year term.
3. An Iowa consumer whose health claim is denied as not medically necessary may generally request:
An external review by an independent review organization
Iowa Code 514J allows a covered person to request external review from the commissioner within four months after a final adverse determination; the IRO decision binds the carrier.
4. To sell health insurance in Iowa, a producer must hold which line of authority?
Accident and health
Iowa Code 522B.6(2)(b) establishes the accident and health or sickness line, covering sickness, bodily injury and accidental death, including disability income.
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.
