Free Insurance Regulation Practice Questions
North Dakota Life, Accident & Health exam — 153 practice questions.
Subtopics: Commissioner term, Penalties, Prelicensing education, Certificate of authority, Reporting actions, Commission sharing, Cease and desist, Buyer disclosure, Annuity best interest, Privacy, Misappropriation, Controlled business, Appointment termination, Fraud warning, Guaranty association, Free look, Exam vendor, Exam passing score, Exam time, Experimental items, Restitution, Examination of records, Negotiate defined, Unlicensed activity, Renewal commissions, Service fees, Agent of insured, License exemptions, Lines of authority, Variable products, Applicant age, Background check, Business entities, Residency, Nonresident licensing, New residents, Temporary license, Continuing education, CE carryover, CE for instructors, CE course content, CE exemptions, Relicensing, License renewal, Exam validity, Change of address, E-mail address, Appointments, Termination of appointment, License refusal, Grounds for discipline, Producer liability, Client loans, Suitability, Voluntary cancellation, Consultants, Twisting, Boycott and coercion, Unfair discrimination, Refusal to insure, Rebating, Raffles, Advertising, Premium notes, Unfair claims practices, Claims compensation, Application misstatements, Unfair practice penalties, Criminal penalties, Fraud reporting, Fraud penalties, Fraud rewards, Felony convictions, Fraud unit, Telemarketing, Federal fraud statute, Fair Credit Reporting Act, Do Not Call, Illustrations, Disclosure, McCarran-Ferguson Act, NAIC, CAN-SPAM Act, State regulation, HIPAA privacy, Anti-money laundering, Unfair trade practices, Fiduciary duty, Producer licensing, Insurer authorization, Senior designations, Replacement, HIV testing
Read the Insurance Regulation study guide
Sample questions & answers
1. The North Dakota insurance commissioner is chosen by the voters and serves a term of:
Four years
The North Dakota Constitution makes the insurance commissioner an elected official, and elected executive officials other than public service commissioners serve four-year terms.
2. If a producer violates the North Dakota insurance code, the Commissioner generally may:
Impose fines in addition to license action
After a hearing the commissioner may fine a violator up to $10,000 per violation (N.D.C.C. 26.1-01-03.3) in addition to suspending, revoking, or refusing a license.
3. Does North Dakota require a prelicensing course before a candidate takes the producer licensing exam?
No, prelicensing courses are not required
The Department states that North Dakota law no longer requires prelicensing courses; candidates must pass the PSI exam for each line.
4. Before an insurer may transact insurance business in North Dakota, it generally must obtain from the Commissioner a:
Certificate of authority
An insurer must hold a certificate of authority from the Commissioner to transact insurance in the state.
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.
