Free Insurance Regulation Practice Questions
North Dakota Property & Casualty exam — 186 practice questions.
Subtopics: Monopolistic workers comp, Guaranty association scope, No-fault tort threshold, Surplus lines, Surplus lines license, Premium tax, Unfair discrimination, Midterm cancellation, Nonrenewal notice periods, Prompt claim handling, Insurance fraud, Compulsory insurance, Examination of records, Restitution, Continuing education, Guaranty association limits, Prohibited declination reasons, 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, Unfair practice penalties, Violating cease and desist, Commissioner investigations, Company examinations, 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 exclusions, Guaranty association net worth, Guaranty association membership, Guaranty association assessments, Guaranty association deadline, Surplus lines placement, Surplus lines 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, Federal fraud statute, Fair Credit Reporting Act, Gramm-Leach-Bliley, Terrorism Risk Insurance Act, Do Not Call, McCarran-Ferguson Act, NAIC role, Unfair claims settlement, Anti-money laundering, Fraud warning statements, Federal Insurance Office, Surplus lines regulation, Risk retention groups, Unfair trade practices, Fiduciary duties, Insurer solvency, Producer licensing, Fraud, Federal regulation
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Sample questions & answers
1. Private insurance companies in North Dakota are generally prohibited from writing which line of coverage?
Workers' compensation
Workforce Safety & Insurance is the sole provider of workers compensation in North Dakota; state law does not allow private insurers to underwrite it.
2. The North Dakota Insurance Guaranty Association's protection generally does NOT extend to:
Workforce safety and insurance claims
N.D.C.C. 26.1-42.1-02(5)(d) excludes workforce safety and insurance from the guaranty association's covered claims; homeowners, auto, and commercial property claims are covered lines.
3. Under North Dakota's no-fault law, a secured person sued over an auto accident injury is exempt from paying damages for noneconomic loss unless the injury is:
A serious injury as the statute defines it
N.D.C.C. 26.1-41-08(1)(a) exempts a secured person from noneconomic loss damages unless the injury is a serious injury as defined in 26.1-41-01(21).
4. Surplus lines (nonadmitted) insurers may generally be used in North Dakota when:
The full coverage is not available from admitted insurers
N.D.C.C. 26.1-44-03 allows placement with an eligible surplus lines insurer when the producer is aware the full amount and type of coverage is not available from admitted insurers, or the risk was referred by a licensed producer.
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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.
