Free Insurance Regulation Practice Questions
North Carolina Life, Accident & Health exam — 200 practice questions.
Subtopics: Elected commissioner, Department mission, CE hours, License continuation, Compliance timing, Lapse make-up, Temporary license, Appointment process, Termination for cause, Reciprocity, Misrepresentation, Twisting, Rebating, Replacement disclosure, Fiduciary, Buyer's Guide timing, Free look replacement, Guaranty association purpose, Guaranty advertising ban, Annuity best interest, Unfair claims, License discipline, Insurer admission, Privacy access requests, Aiding unlicensed persons, Commissioner examination, Commissioner term, Commissioner vacancy, Commissioner rulemaking, Policy synopsis on request, Criminal violations, Conviction suspends license, License surrender, Change of address, Late address notice, Notice by mail, Civil penalties, Continuing violations, Restitution, Producer records, Agency records officer, Refusing examination, Fraud reporting duty, Fraud report immunity, Fraud penalties, Producer embezzlement, False application statements, Signing blank policies, Unauthorized insurers, Unauthorized insurer crime, Premium receipt agency, License required, Solicit defined, Broker defined, Effect of a license, Minimum age, Business entity license, Fingerprints, Exam scoring, Exam retake, Re-examination of violators, Moving to North Carolina, Reporting prosecutions, Nonresident CE, Loss of residency, Appointments per line, Appointment duration, Cancelling an appointment, Termination comments, Discipline grounds, Bankruptcy notice, Revocation and appointments, Temporary license term, Temporary license scope, Renewal commissions, Assumed names, Fees beyond premium, Rebate recipients, Discrimination by producers, Boycott and coercion, False financial statements, Stock as inducement, Unfair discrimination, Overinsurance in loans, Unfair practice hearings, Cease and desist penalty, Claims practices enforcement, Claims practices, Blindness and deafness, Race and national origin, Card convenience fees, Lender insurance tie-ins, Pretext interviews, Privacy notice timing, Authorization form term, Investigative reports, Correcting records, Adverse underwriting decisions, False pretenses for information, Guaranty association notice, Guaranty association limits, Ethical standards, Referral gratuities, CE repeat courses, CE record retention, CE carryover, CE credit calculation, Department inquiries, CE military waiver, Designation credit, CE before licensing, CE hours cap, CE extensions, Fraternal benefit societies, Fraternal voting, Prelicensing education, Tie-in sales, Life discrimination, Inducing lapse, Buyer's Guide adoption, Producer identification, Advisory titles, Dividend disclosure, Guaranteed vs nonguaranteed, Failure to give Buyer's Guide, Small face amount policies, Prearrangement disclosure, Replacement definition, Existing coverage statement, Sales material in replacement, Notifying the existing insurer, Replacement exemptions, Internal replacement credit, Replacement penalties, Replacement violations, Viatical settlement defined, Viatical rescission, Viatical licensing, Viatical insurer notice, Annuity disclosure by mail, Privacy, Federal fraud statute, Fair Credit Reporting Act, Do Not Call, Illustrations, Disclosure, McCarran-Ferguson Act, NAIC, CAN-SPAM Act, Advertising, State regulation, HIPAA privacy, Anti-money laundering, Unfair trade practices, Fiduciary duty, Producer licensing, Insurer authorization, Senior designations, Guaranty association, Replacement, HIV testing
Read the Insurance Regulation study guide
Sample questions & answers
1. A unique feature of North Carolina insurance oversight, compared with many other states, is that the Commissioner of Insurance is:
Elected directly by the public
North Carolina's Commissioner of Insurance is elected by the people to a four-year term rather than appointed; the Governor fills the office only when it becomes vacant mid-term.
2. The North Carolina Department of Insurance is chiefly responsible for:
Regulating insurers and protecting insurance consumers
The NCDOI regulates the insurance industry, licenses producers, reviews rates and forms in regulated lines, and assists consumers.
3. For a North Carolina producer holding life and health authority, the biennial continuing education requirement is:
24 hours including at least 3 ethics hours
North Carolina requires 24 CE hours every two years regardless of the number of licenses held, including a minimum of 3 hours of ethics.
4. A North Carolina life and health producer keeps the license active primarily by:
Completing the required CE by the compliance date
A producer license authorizes the holder to act until it is suspended or revoked, so there is no separate periodic producer renewal application; the license lapses if continuing education is not completed.
All Life, Accident & Health 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.
