Free Insurance Regulation Practice Questions
Michigan Accident & Health exam (series 16-66) — 152 practice questions.
Subtopics: Regulatory authority, Director authority, Continuing education, License term, Acts requiring license, Appointment, Reporting criminal actions, Unfair claims practices, Prompt payment, Rebating, Replacement of health policy, Guaranty association, Guaranty health cap, Producer fiduciary, License suspension, Free look, Advertising, Coercion, Privacy, Cease and desist, Temporary license, External review, Recordkeeping, Prelicensing, Reinstatement, Discrimination, Fraud penalties, Commission sharing, Nonresident reciprocity, Change of name, CE ethics hours, CE carryover, CE grace period, CE waiver, CE association credit, Licensing qualifications, Prelicensing education, Exam waivers, Moving to Michigan, Nonresident licensing, Address reporting, Assumed names, Business entity license, Appointments, Termination of appointment, License denial, Disciplinary actions, Hearings, Penalties, Claims handling, Complaint handling, Unfair discrimination, Fiduciary duties, Commissions, License exemptions, Insurance fraud, Data security, Boycott, coercion, intimidation, Defamation, False statements, Prompt payment of health claims, Long-term care training, Lines of authority, 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, Claims 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 department licenses and regulates accident and health producers in Michigan?
Department of Insurance and Financial Services (DIFS)
Under MCL 500.102 the department is the Department of Insurance and Financial Services, which licenses and regulates accident and health producers.
2. The head of Michigan DIFS who enforces the Insurance Code is the:
Director
MCL 500.102 defines "commissioner" as the director, so the Director of DIFS enforces the Insurance Code.
3. Michigan resident accident and health producers must generally complete how many CE hours per renewal period?
24 hours
Michigan requires at least 24 hours of approved CE in each 2-year period, including at least 3 hours of ethics.
4. A Michigan producer license stays in effect as long as continuing education is met, with CE hours reviewed:
Every 2 years
CE hours are reviewed for license continuance every 2 years on a schedule set by the director; the license remains in effect while CE is met.
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.
