Free Insurance Regulation Practice Questions
Nebraska Casualty exam (series 13-23) — 220 practice questions.
Subtopics: Director of Insurance, Department supervision, Director rulemaking, Insurance public in character, Director investigations, License required, Unlicensed activity remedy, Definition of negotiate, Definition of solicit, Definition of sell, License vs authority, Licensing exemptions, Multistate commercial exemption, Exam requirement, Exam failure, Minimum age, Business entity license, Personal lines authority, Casualty authority, Property authority, License expiration, Business entity expiration, Renewal timing, Late renewal, Reinstatement after lapse, Military and hardship waiver, Change of address, Change of address penalty, Nonresident license, Moving out of state, Exam exemption, New resident licensing, Assumed business name, Temporary license duration, Temporary license recipients, Temporary license conditions, Temporary license military, Grounds for discipline, Fiduciary funds, Denial hearing, Administrative fine, Nonresident revocation, Business entity discipline, Commissions to unlicensed persons, Renewal commissions, Appointment filing, When appointment needed, Appointment fees, Termination notice, Termination copy to producer, Producer response to termination, Nonresident CE, Reporting administrative actions, Reporting criminal prosecution, Reportable administrative actions, Rental car limited license, CE hours, Ethics CE, CE maximum, Repeating CE courses, Active participation credit, CE first license period, CE exemptions, CE extension, CE noncompliance, Insurance consultant defined, Agent advice not consulting, Consultant contract, Consultant commission ban, Consultant qualifications, Consultant duty, Consultant penalties, Consultant fines, UTP standard, Who is an insurer under UTP act, Misrepresentation, Twisting, Misquoting premium, False advertising, Defamation, Boycott coercion intimidation, False financial statements, Stock operations, Unfair discrimination geography, Unfair discrimination age of home, Unfair discrimination sex, Unfair discrimination impairment, Complaint register, Responding to Department inquiries, Unlicensed or unappointed producer, False application statement, UTP hearing notice, UTP penalties, Flagrant UTP penalties, Cease and desist, Violating cease and desist, Appeals, Rebating, Accepting a rebate, Interest-free premium credit, Value-added services, Gifts and raffles, Controlled business presumption, Controlled business conclusive, Controlled business penalty, Fees not in policy, Rate-fixing agreements, Lender coercion, Lender rejection of policy, Force-placed coverage, Fraud division, Fraud investigators, Converting premium as fraud, Immunity for reporting fraud, Civil fraud penalties, Civil vs criminal fraud, Criminal fraud classes, Criminal fraud small amounts, Initial privacy notice, Annual privacy notice, Former customers, Opt out methods, Certificate of authority, Certificate of authority expiration, Market conduct records, Examiner access, Public adjuster defined, Public adjuster bond, Catastrophe fee cap, Public adjuster solicitation, Public adjuster funds, Public adjuster records, Public adjuster exemptions, Public adjuster CE, Exam application deadline, Unfair claims act scope, Surplus lines license, When surplus lines allowed, Surplus lines premium tax, Rebating surplus lines tax, Surplus lines filings, Eligible nonadmitted insurer, Alien insurers, Policy stamp, Insured acknowledgment, Exempt commercial purchaser, Exempt commercial purchaser definition, Surplus lines records, Acknowledging claims, Working days, Starting investigation, Accept or deny, More time needed, Denial requirements, Claim forms, Right to Department review, Release language, Polygraph, Notice to agent, Others responsible, Unfair claims practices, Lowball offers, Explaining payments, Claims practice penalties, Claim data retention, Undisputed portions, 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, 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 trade practices, Misappropriation of premiums, Fraud reporting, 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. Who is the chief administrative officer of the Nebraska Department of Insurance?
The Director of Insurance
Neb. Rev. Stat. 44-101.01 makes the Director of Insurance the chief administrative officer of the department, with power to enforce the insurance laws.
2. The Nebraska Department of Insurance's general supervision, control, and regulation extends to:
Insurers and the business of insurance, including companies still being organized
Under 44-101.01 the department has general supervision of insurance companies, associations, societies, and the business of insurance in Nebraska, including companies in process of organization.
3. Which statement describes the Nebraska Director of Insurance's rulemaking authority?
The Director adopts rules needed to carry out the insurance code
Section 44-101.01 gives the Director the power and duty to enforce the insurance laws and to adopt and promulgate needful rules and regulations to carry out Chapter 44.
4. Nebraska law describes the business of insurance as:
Public in character, requiring good faith from all involved
Neb. Rev. Stat. 44-101 declares insurance to be public in character and requires everyone involved to act in good faith and abstain from deceptive or misleading practices.
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.
