Free Insurance Regulation Practice Questions
Kansas Personal Lines exam (series 12-KS-55) — 125 practice questions.
Subtopics: Regulator, Guaranty association, Cancellation notice, Licensing exemptions, Surplus lines, Rate regulation, Line of authority, Rebating, Fraud, License maintenance, Commissioner term, Rulemaking power, Financial examinations, Market regulation exams, Fact-finding hearings, Unfair practice hearings, Unfair practice penalties, Agent administrative penalties, Reapplication after revocation, Responding to the Commissioner, License discipline grounds, Domestic insurer, Foreign insurer, Certificate of authority, Agent defined, Negotiate defined, Solicit defined, Lines of authority, License qualifications, Business entity licenses, Reporting requirements, Change of address, Nonresident licensing, Moving to Kansas, Temporary license, Appointments, Termination of appointments, Continuing education, False advertising, Defamation, Boycott and coercion, Application misrepresentation, Value-added services, Inducements, Unfair discrimination, Fictitious groups, Insurance fraud, Adverse underwriting decisions, Reasons for cancellation, Rate filings, Rating standards, Applications, Electronic delivery, Excess lines licensing, Excess lines placement, Proof of loss, Unfair claims practices, Claim settlement rules, Auto total loss, Fair Credit Reporting Act, Gramm-Leach-Bliley, Fraud and false statements, Do Not Call, Terrorism Risk Insurance Act, McCarran-Ferguson Act, Anti-money laundering, CAN-SPAM Act, FCRA reporting periods, FCRA adverse action, FCRA permissible purpose, FCRA disputes, Claims history databases, GLBA opt-out, GLBA privacy notice, GLBA enforcement, Prohibited persons (1033), Prohibited persons (1034), Telemarketing calling hours, Do-Not-Call exceptions, Do-Not-Call registry, History of regulation, Risk retention groups, Purchasing groups, Mandatory flood purchase, NFIP origin, Federal Insurance Office, NAIC role, Personal lines authority, Misrepresentation and advertising, Fraud warning, Guaranty associations
Read the Insurance Regulation study guide
Sample questions & answers
1. Kansas's chief insurance regulator, chosen by statewide vote, is the:
Commissioner of Insurance
Kansas voters elect the Commissioner of Insurance, who heads the Kansas Insurance Department.
2. If a Kansas property and casualty insurer becomes insolvent, certain covered claims may be paid by the:
Kansas Insurance Guaranty Association
The Kansas Insurance Guaranty Association pays certain covered claims of an insolvent property and casualty insurer.
3. Under Kansas regulations, a fire or casualty insurer must give the policyholder at least 30 days' advance written notice before:
Canceling the policy at its option for a reason other than nonpayment
K.A.R. 40-3-15 requires written notice at least 30 days before an insurer-initiated cancellation; it does not apply to cancellations for nonpayment of premium.
4. Which person is exempt from Kansas agent licensing?
An insurer's salaried claims adjuster who earns no commission
Kansas does not require a producer license for insurer employees who receive no commission and whose duties are adjusting, investigating or settling claims (K.S.A. 40-4904(b)(1)(B)); people who sell or solicit for pay must be licensed.
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.
