Free Insurance Regulation Practice Questions
North Dakota Personal Lines exam — 205 practice questions.
Subtopics: No-fault system, Minimum auto limits, UM requirement, Comparative negligence, Tort threshold, Monopolistic workers comp, Guaranty association, Elected commissioner, Cancellation notice, Proof after uninsured violation, License line, Proof of insurance, Unfair claims practices, Residual market, Rate filing, Optional UM limits, 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, Commercial cancellation, Commercial new policies, Commercial nonrenewal, Commercial renewal terms, Commercial scope, Loss of reinsurance appeal, Commercial notice to agent, Commercial dues cancellation, FCRA permissible purpose, FCRA adverse action, GLBA privacy, 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 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 discrimination, Misrepresentation and advertising, Fraud warning, Guaranty associations
Read the Insurance Regulation study guide
Sample questions & answers
1. North Dakota's personal auto insurance system is best described as:
A no-fault system requiring basic no-fault benefits
N.D.C.C. 26.1-41-02 requires every owner to provide security for basic no-fault benefits as well as liability coverage, making North Dakota a no-fault state.
2. North Dakota's compulsory minimum auto liability limits are:
25/50/25
N.D.C.C. 39-16.1-11 requires $25,000 bodily injury per person, $50,000 per accident, and $25,000 property damage per accident.
3. For vehicles principally garaged in North Dakota, uninsured and underinsured motorist coverage on an auto liability policy is:
Required on every policy
N.D.C.C. 26.1-40-15.2 bars issuing an auto liability policy without uninsured motorist coverage, and 26.1-40-15.3 requires underinsured motorist coverage at equal limits.
4. Under North Dakota's modified comparative fault law, an injured person cannot recover damages if that person's own fault is:
As great as all others' combined fault
N.D.C.C. 32-03.2-02 bars recovery only when the claimant's fault is as great as the combined fault of all others; otherwise damages are reduced by the claimant's share of fault.
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.
