Free Insurance Regulation Practice Questions
Maryland Personal Lines exam (series 20-29) — 156 practice questions.
Subtopics: P&C guaranty association, Cancellation notice, Surplus lines, Cancellation refund, Prompt claim acknowledgment, Homeowners nonrenewal, 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, Over-insurance, 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, Personal lines nonrenewal notice, Nonpayment cancellation notice, Actual reason (personal), Renewal premium notice, Missing renewal notice, Noncompliance liability, 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, Nonresident licensing, Unfair claims practices, Unfair discrimination, Misrepresentation and advertising, Fraud warning, Guaranty associations
Read the Insurance Regulation study guide
Sample questions & answers
1. If a Maryland property and casualty insurer becomes insolvent, claims may be paid (within limits) by the:
Property and Casualty Insurance Guaranty Corporation
Maryland's property and casualty guaranty mechanism pays covered claims of insolvent member insurers, subject to statutory limits.
2. When a Maryland insurer cancels (for reasons other than nonpayment) or nonrenews a homeowners or personal auto policy, it must give the insured:
Advance written notice, generally 45 days
Maryland requires insurers to give advance written notice of cancellation or nonrenewal so the insured can seek replacement coverage.
3. Coverage for an unusual risk that admitted Maryland insurers will not write may be placed through:
A surplus lines broker with a nonadmitted insurer
After a diligent search among authorized insurers, coverage may be procured from an unauthorized (nonadmitted) insurer through a qualified surplus lines broker.
4. During Maryland's 45-day underwriting period, an insured who terminates a policy after receiving a notice of recalculated premium receives a refund of premium paid on what basis?
Pro rata
If an insured terminates a policy following a notice of recalculated premium, the insurer must refund premium paid on a pro rata basis.
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.
