Free Insurance Regulation Practice Questions
North Carolina Property exam — 202 practice questions.
Subtopics: 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, Art 41 scope, Art 41 cancel reasons, Art 41 cancel notice, Art 41 new policy, Art 41 nonrenewal, Art 41 mid-term changes, Art 41 mortgagee, Art 41 renewal terms, Art 41 credit card chargeback, Paid policy cancelled, Consent to rate HO, Consent to rate notice, Wind/hail rate split, Mitigation credits, Age of home discrimination, Fair Credit Reporting Act, Fraud and false statements, Gramm-Leach-Bliley, Terrorism Risk Insurance Act, Motor Carrier Act, Do Not Call, McCarran-Ferguson Act, Flood Disaster Protection Act, Biggert-Waters Reform Act, Federal Insurance Office, FAIR Plan origins, Coastal Barrier Resources Act, McCarran-Ferguson antitrust, Gramm-Leach-Bliley opt-out, Gramm-Leach-Bliley notice, FCRA investigative report, FCRA free report, TRIA certification, TRIA federal share, TRIA program trigger, TRIA insurer deductible, TRIA lines covered, TRIA disclosure, 18 USC 1033 penalty, Nonadmitted and Reinsurance Reform Act, Surplus lines diligent search, Exempt commercial purchaser, Guaranty association - surplus lines, Guaranty association purpose, Rebating, Twisting, Boycott, coercion, intimidation, Unfair claims practices, Commingling premiums, Mandatory flood purchase amount, Force-placed flood, Private flood acceptance, HFIAA surcharge, Risk retention groups, Privacy model - adverse underwriting, Do Not Call existing relationship
Read the Insurance Regulation study guide
Sample questions & answers
1. How long is the term of office of North Carolina's Commissioner of Insurance?
Four years
The Commissioner is elected by the people and serves a four-year term beginning January 1 after the election.
2. If the office of Commissioner of Insurance becomes vacant in the middle of a term, the vacancy is filled by:
Appointment by the Governor for the unexpired term
The Commissioner is elected, but a mid-term vacancy is filled by the Governor for the rest of the term.
3. Under North Carolina law, the Commissioner of Insurance adopts rules to carry out the insurance laws in accordance with:
The Administrative Procedure Act (Chapter 150B)
G.S. 58-2-40 authorizes the Commissioner to adopt rules under Chapter 150B to enforce and carry out the insurance laws.
4. When the Commissioner holds a hearing on charges against a licensee, the written notice must state:
The subject of inquiry and the specific charges
Hearings are held at a time and place set in a written notice that states the subject of inquiry and any specific charges.
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.
