Free Insurance Regulation Practice Questions
North Dakota Casualty exam — 189 practice questions.
Subtopics: Casualty line defined, Property line defined, Acting without a license, Renewal commissions, Producer as agent of insurer, Producer as agent of insured, Minimum age, Business entity license, Incomplete application, Appointment filing, Appointment required, Appointment renewal, Termination notice, Termination notice to producer, Producer comments on termination, Temporary license, License duration, Biennial continuation, Continuing education hours, CE carryover, CE exemption, CE extension, CE active participation, CE records, Change of address, Reporting actions, Reporting convictions, Assumed names, Residency, Nonresident license, Moving to North Dakota, Nonresident relocation, Consultant agreement, Consultant restrictions, Producer acting as consultant, Producer service fees, Credit card fee, Controlled business, Client loans, Refusal of license, Grounds for discipline, Producer indebtedness, Civil fine, Suits against licensees, Exam score validity, Personal lines license, Surety line exam, Commissioner, Cease and desist, Penalty for violating title, Restitution, Unfair practice penalties, Violating cease and desist, Commissioner investigations, Company examinations, Examination of records, Defamation, Boycott, coercion, intimidation, Coercion by lenders, Misrepresentation and twisting, False financial statements, Geographic discrimination, Refusing to insure, Rebating - gifts, Charitable donations, Rebating - acceptance, Value-added services, Free insurance advertising, Unfair claim settlement, Unearned premium refund, Claims staff compensation, Application misrepresentation, Fraud reporting, Fraud immunity, Fraud penalties, Fraudulent insurance act, Felony and dishonesty, Fraud unit, Fraud administrative penalty, Countersignature, Binders, Agency termination, Loss information, Guaranty association limit, Guaranty association unearned premium, Guaranty association scope, Guaranty association exclusions, Guaranty association net worth, Guaranty association membership, Guaranty association assessments, Guaranty association deadline, Surplus lines license, Surplus lines placement, Surplus lines tax, Premium tax, Rate standards, Risk classification, Rate filings, Withdrawal notice, Credit information, Credit adverse action, Credit dispute, Credit disclosure, Credit agent indemnity, Policy inception, Hail policy inception, Proof of loss forms, Insurable interest timing, Insurable interest, Mandatory arbitration, Managed repair programs, Domestic violence, Holding company transfer, FCRA permissible purpose, FCRA adverse action, GLBA privacy, Fair Credit Reporting Act, Fraud and false statements, Gramm-Leach-Bliley, Terrorism Risk Insurance Act, Motor Carrier Act, Do Not Call, McCarran-Ferguson Act, NAIC role, Rebating, Twisting, CAN-SPAM Act, Guaranty association, Federal Insurance Office, Risk retention groups, Purchasing groups, Surplus lines (NRRA), Surplus lines insurers, Rate regulation, Rating laws, Advisory organizations, Unfair claims practices, Unfair trade practices, Misrepresentation, Misappropriation of premiums, Motor carrier financial responsibility, ERISA bonding, Producer licensing concepts, Agent vs broker, Gap insurance licensing, Federal regulation
Read the Insurance Regulation study guide
Sample questions & answers
1. Under North Dakota law, the casualty line of authority is insurance coverage against:
Legal liability, including liability for injury or damage to property
N.D.C.C. 26.1-26-11 defines casualty as coverage against legal liability, including liability for death, injury, disability, or damage to real or personal property. Direct and consequential property loss is the property line.
2. Under North Dakota law, the property line of authority is insurance coverage for:
Direct and consequential loss of or damage to property of every kind
N.D.C.C. 26.1-26-11 defines the property line as coverage for direct and consequential loss of or damage to property of every kind.
3. A person in North Dakota who willfully sells, solicits, or negotiates insurance without the required producer license is guilty of a:
Class C felony
N.D.C.C. 26.1-26-03 bars acting as or holding oneself out as a producer without a license and makes a willful violation a class C felony.
4. Under North Dakota law, renewal or other deferred commissions may be paid to a person for an insurance sale only if that person:
Was licensed as required at the time of the sale
N.D.C.C. 26.1-26-04 allows renewal or deferred compensation to a person who was required to be licensed at the time of the sale, solicitation, or negotiation and was licensed at that time.
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.
