Free Insurance Regulation Practice Questions
Maryland Property & Casualty exam (series 20-32) — 156 practice questions.
Subtopics: Rate standards, Rate and form filing, Adjuster license, Public adjuster, Premium tax, Solvency requirement, Cancellation reason, Appointment termination, Nonresident adjuster, Judicial review, P&C line of authority, Premium finance, Claim fraud is a crime, 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), 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, 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, Federal fraud statute, Fair Credit Reporting Act, Gramm-Leach-Bliley, Terrorism Risk Insurance Act, Do Not Call, McCarran-Ferguson Act, NAIC role, Unfair claims settlement, Anti-money laundering, Fraud warning statements, Federal Insurance Office, Surplus lines regulation, Risk retention groups, Unfair trade practices, Fiduciary duties, Insurer solvency, Producer licensing, Fraud, Federal regulation
Read the Insurance Regulation study guide
Sample questions & answers
1. Under Maryland's property and casualty rating law, insurance rates may not be:
Excessive, inadequate, or unfairly discriminatory
Maryland, like most states, requires that rates not be excessive, inadequate, or unfairly discriminatory.
2. Property and casualty rates used in Maryland must be:
Filed with the Commissioner by the insurer
Each authorized insurer, or its designated rating organization, must file its rates and supplementary rate information with the Commissioner on or before their effective date.
3. Under Maryland law, an insurer's own employee who adjusts losses under policies issued by that insurer:
Is not required to hold a public adjuster license
Maryland licenses public adjusters (who represent insureds), not company adjusters; the public adjuster subtitle does not apply to an adjuster or employee of an insurer adjusting losses under that insurer's policies.
4. A public adjuster in Maryland represents the interests of:
The insured in a first-party property claim
A Maryland public adjuster acts for compensation on behalf of the insured in negotiating or settling first-party claims under property policies; auto claims are excluded.
All Property & Casualty topics
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.
