Free Insurance Regulation Practice Questions
North Carolina Personal Lines exam — 231 practice questions.
Subtopics: Elected commissioner, Department role, CE requirement, Flood CE requirement, Ethics CE, Compliance date, License lapse, Appointment, Auto cancellation notice, Nonrenewal, Rate Bureau, Reinsurance Facility, Beach Plan, Unfair claims, Rebating, Misrepresentation, Fiduciary funds, License discipline, Guaranty association PC, Financial responsibility enforcement, Reciprocity, Exam required, Advertising, Twisting, Cancellation reasons, Privacy, Commissioner powers, Producer reporting, Commissioner term, Commissioner vacancy, Commissioner rulemaking, Hearings notice, Civil penalty range, Separate violations, Restitution, Judicial review deadline, Stay of order, Restraining order, Conviction suspends license, License surrender, Change of address, Address change fee, Conviction reporting, Notice by mail, Fraud reporting duty, Fraud report immunity, False claim felony, Embezzlement, Producer records, Agency records person, Refusing examination, Contract of insurance, Representations not warranties, Proof of loss forms, Twisting definition, Unlicensed activity, Lender tying, Credit card convenience fee, Representation insurer vs insured, Broker defined, Referral without license, Referral fee cap, Commissions to unlicensed, Renewal commissions, Lines of authority, Property line defined, Personal lines defined, License duration, Business entity license, Entity designated producer, Minimum age, Prelicensing education, Exam scope, Denial review, Border county residency, Nonresident license, Moving into NC, Leaving NC, Nonresident CE, Administrative action report, Criminal prosecution report, Appointment filing, Appointment duration, Termination notice, Notice to terminated producer, Producer comments, Overinsuring property, Unauthorized insurer discipline, Cheating on exam, Bankruptcy notice, Revocation and appointments, Temporary license, Temporary license eligibility, Producer as adjuster, Assumed name, Rebating defined, Insured accepting rebate, Service fees, Service fee consent form, Signing blank policies, Unauthorized insurer liability, Knowing unauthorized sales, Premium to producer, False application statement, Repair shop referral, Gratuity from repairer, Identify NPN, Salvage purchase, Discouraging counsel, Power of attorney, Premium receipts, Commingling, Complaint register, CE hours, Flood CE, CE deadline, CE carryover, CE records, CE reinstatement, Repeating a course, Designation CE, ICEC minutes, CE military waiver, Pretext interviews, Authorization length, Access to information, Adverse underwriting decision, Notice of information practices, Defamation, Boycott, Geographic discrimination, Unfair claims general practice, Cease and desist violation, Borrower information, Commissioner investigation, False pretenses, Independently procured, Unauthorized insurer contracts, Surplus lines and guaranty, Guaranty cap, Guaranty WC, Guaranty unearned premium, Guaranty 30 days, Guaranty exclusions, Guaranty accounts, Guaranty assessment cap, Rate Bureau jurisdiction, Rate filing effective date, Deemer, Burden of proof rates, Deviation, Coverage or rate change notice, Rate Bureau forms, Credit scoring limits, NCIUA name, NCIUA area, Market of last resort, NCIUA membership, Essential property insurance, NCIUA insurable property, NCIUA application, NCIUA terms, NCIUA wind-only eligibility, NCIUA catastrophe adjusting, NCIUA producer binding, NCIUA appeal, Catastrophe recovery charge, FAIR Plan area, FAIR Plan association, FAIR Plan coverages, FAIR Plan producer, FAIR Plan plan review, Consent to rate HO, Consent to rate notice, Wind/hail rate split, Mitigation credits, Age of home discrimination, Facility membership, Facility take-all-comers, Producer must bind, Cession notice, Ceded policy cancel 45 days, Reasons for cession, Facility minimum cession, Facility umbrella limits, Facility physical damage, Facility same service, Facility board, Facility eligible risk, 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
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Sample questions & answers
1. Which statement about North Carolina's insurance regulator is correct?
The Commissioner of Insurance is elected by voters
North Carolina elects its Commissioner of Insurance in a statewide election, an important distinction from states where the commissioner is appointed.
2. Consumers who have a dispute with a personal lines insurer in North Carolina can seek help from:
The NC Department of Insurance
The North Carolina Department of Insurance, led by the elected Commissioner, regulates insurers and assists consumers with complaints in personal lines and other coverages.
3. A resident North Carolina personal lines producer must complete how many CE hours each two-year period?
24 hours
North Carolina requires 24 continuing education hours every two years for resident licensees regardless of the number of licenses held.
4. Personal lines licensees in North Carolina are generally subject to a mandatory CE requirement in which subject in addition to ethics?
Flood
Resident property, personal lines, and adjuster licensees must complete flood CE in the first compliance period and every other period thereafter, along with 3 hours of ethics.
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.
