Free Insurance Regulation Practice Questions
Maryland Casualty exam (series 20-26) — 162 practice questions.
Subtopics: Maryland Insurance Administration, Commissioner appointment, Commissioner removal, Hearing demand, Appeals of Commissioner orders, Commissioner orders, Examinations of insurers, Criminal referrals, Certificate of authority, Certificate of authority revocation, Cease and desist (insurer), Premium tax, Rate standards, Rate filing, Competitive market, Geographic underwriting, Line withdrawal, Lines of authority, License qualifications, Examination retake, Examination scope, License term, License renewal notice, Appointments on expiration, Continuing education hours, Ethics CE, CE deadline, Flood CE, Long-time producer CE, Nonresident CE, License reinstatement, Reinstatement window, Change of address, Business entity licensing, Nonresident license, Temporary license, Licensing exemptions, Limited auto license, License authority, Name on license, Producer register, Appointment documentation, Termination of appointment, Register update on termination, Grounds for discipline, Auto certificate scheme, Producer monetary penalty, Public adjuster defined, Public adjuster exclusions, Unlicensed public adjusting, Misrepresentation, False advertising, Defamation of insurer, Boycott, coercion, intimidation, Twisting, Rebating (P&C), Promotional items, Receiving a rebate, Unfair discrimination (P&C), Tie-in sales, Charging premium, Unfair claim practices, General business practice, Claim penalties, Good faith defined, Bad-faith complaint filing, First-party investigation, Claim denials, Denial records, Late notice defense, Insolvent insured, Suit limitation clauses, Fraudulent claims, Fraud penalties, Staged accidents, Runners and solicitation, Unlicensed activity as fraud, Fraud reporting, False application, P&C guaranty corporation, Guaranty claim limits, Guaranty and workers comp, Guaranty exclusions, Guaranty coverage period, Exhaustion of other insurance, Guaranty assessments, Surplus lines diligent search, Surplus lines tax, Surplus lines affidavit, Nonadmitted insurer, Surplus lines broker qualification, Premium finance registration, Premium finance security, Premium finance agreement, Prohibited underwriting factors, Underwriting burden, Underwriting period, Underwriting period cancellation notice, Recalculated premium, Refund after recalculation, Electronic notices, Commercial cancellation notice, Commercial midterm cancellation, Commercial actual reason, Commercial renewal increase, Personal lines nonrenewal notice, Nonpayment cancellation notice, Actual reason (personal), Renewal premium notice, Missing renewal notice, Noncompliance liability, Fair Credit Reporting Act, Fraud and false statements, Gramm-Leach-Bliley, Terrorism Risk Insurance Act, Motor Carrier Act, Do Not Call, McCarran-Ferguson Act, NAIC role, Rebating, CAN-SPAM Act, Guaranty association, Federal Insurance Office, Risk retention groups, Purchasing groups, Surplus lines (NRRA), Surplus lines insurers, Rate regulation, Rating laws, Advisory organizations, Unfair claims practices, Unfair trade practices, Misappropriation of premiums, Motor carrier financial responsibility, ERISA bonding, Producer licensing concepts, Agent vs broker, Gap insurance licensing, Federal regulation
Read the Insurance Regulation study guide
Sample questions & answers
1. Under Maryland law, the Maryland Insurance Administration is best described as:
An independent unit of State government headed by the Commissioner
The Insurance Article creates the Maryland Insurance Administration as an independent unit of State government; its head is the Maryland Insurance Commissioner, who controls and supervises it.
2. How is the Maryland Insurance Commissioner selected, and for what term?
Appointed by the Governor with Senate consent for a 4-year term
The Governor appoints the Commissioner with the advice and consent of the Senate, and the Commissioner serves a 4-year term and is directly responsible to the Governor.
3. Which of the following is a ground on which the Governor may remove the Maryland Insurance Commissioner?
Incompetence
The Governor may remove the Commissioner for malfeasance, incompetence, or failure to carry out the duties of office consistent with the Insurance Article.
4. A person aggrieved by an act of the Maryland Insurance Commissioner makes a written demand for a hearing. If the Commissioner neither grants nor refuses the hearing within 30 days, the hearing is:
Deemed to have been refused
Within 30 days after receiving a hearing demand the Commissioner must grant and hold the hearing or issue an order refusing it; silence for 30 days counts as a refusal, which can then be appealed.
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.
