Free Insurance Regulation Practice Questions
Illinois Accident & Health exam — 159 practice questions.
Subtopics: Form approval, CE noncompliance, Ethics CE delivery, Felony reporting, Termination notice to producer, Guaranty association health cap, Guaranty association disability cap, Outline of coverage, Prompt payment, Twisting, Rebating, Commingling, Nonresident reciprocity, Application replacement question, Market conduct, Cease and desist, Advertising standards, Application accuracy, Temporary license, Unfair claims practices, Producer definition, Unlicensed activity, Guaranty association solicitation, Director powers, Hearings, Producer examinations, License required, Licensing exemptions, Examination, Pre-licensing education, Qualifications, Business entities, License term, Nonresident licensing, Exam exemption, Assumed names, Change of address, Change of email, Continuing education, Inactive status, License discipline, Civil penalties, License revocation, Termination reporting, Fiduciary funds, Premium fund trust account, Return premiums, Records, Producer bond, Controlled business, Commissions, Producer fees, Disclosure, Misrepresentation, Defamation, Misrepresentation by insured, Unfair practices, Senior solicitation, Unfair claims, Claims practices, Vexatious delay, Insurance fraud, Guaranty association, A&H advertising, A&H replacement, A&H discrimination, Clinical trials, Guaranty association limits, Temporary licenses, 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, Fiduciary duty, Producer licensing, HIPAA privacy, Genetic information, Medicare marketing, Guaranty associations, Regulatory structure, GLBA privacy, Telemarketing
Read the Insurance Regulation study guide
Sample questions & answers
1. Which Illinois official is responsible for reviewing health insurance policy forms before they are used?
The Director of Insurance
The Director of Insurance reviews and approves insurance policy forms used in Illinois.
2. An Illinois producer who fails to complete the required continuing education by the renewal date will:
Have the license automatically terminate
Section 500-35(b)(2) provides that the license automatically terminates when the producer fails to meet the CE requirement; within 12 months it may be reinstated without an exam, with a penalty of double the unpaid renewal fee.
3. The three-hour ethics continuing education requirement in Illinois may NOT be satisfied by:
An ordinary self-study course
Illinois requires ethics CE to be completed in a classroom or live webinar setting rather than ordinary self-study.
4. An Illinois producer who is convicted of a felony must report the conviction to the Director within:
30 days
Section 500-95 requires a licensed producer convicted of a felony to report the conviction within 30 days after the entry date of the judgment, with copies of the judgment and related orders. (Former Section 500-75 is repealed.)
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.
