Free Insurance Regulation Practice Questions
Nebraska Life, Accident & Health exam (series 13-03) — 155 practice questions.
Subtopics: Foreign insurer, Alien insurer, Certificate of authority, Admitted insurer, Examination requirement, Renewal cycle, Solicitation, Commission sharing, Premium trust funds, Buyer's guide, Free-look requirement, Unfair discrimination, False financial statement, Market conduct exam, License denial, Privacy of information, Rulemaking authority, Minimum age, Age of majority, Negotiate defined, Sell defined, Effect of license, Licensing exemptions, Applying after the exam, Exam result validity, License expiration, Late renewal, Reinstatement, Change of address, Nonresident license, Moving out of state, Assumed name, Temporary license, Apprentice license, License discipline, Denial hearing, Discipline time limit, Renewal commissions, Appointment deadline, Appointment, Termination copy, Termination comments, Reporting actions, Reporting criminal charges, CE hours, CE maximum, CE carryover, Association credit, CE first period, Nonresident CE, Unfair practice threshold, Hearing notice, UTP penalties, Cease and desist violations, Twisting, Boycott and coercion, Stock as inducement, Sex discrimination, Rebating, Rebating exceptions, Value-added services, Controlled business, Hidden fees, Complaint register, Department inquiries, Unlicensed producers, Credit coercion, Alien insurers, Market conduct records, Insurance fraud penalty, Premium conversion, Fraud reporting immunity, Fraud Prevention Division, Civil fraud penalty, Health information privacy, Privacy notices, Annual privacy notice, Insurance consultant, Consultant contracts, Consultant commissions, Licensed agent advice, Guaranty association, Claim forms, Claim acknowledgment, Claim denial, Delayed claims, Exam content, Variable products license, Privacy, Federal fraud statute, Fair Credit Reporting Act, Do Not Call, Illustrations, Disclosure, McCarran-Ferguson Act, NAIC, CAN-SPAM Act, Advertising, State regulation, HIPAA privacy, Anti-money laundering, Unfair trade practices, Fiduciary duty, Producer licensing, Insurer authorization, Senior designations, Replacement, Annuity best interest, HIV testing
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Sample questions & answers
1. An insurer organized under the laws of another U.S. state but transacting business in Nebraska is classified as a:
Foreign insurer
Neb. Rev. Stat. 44-103 designates companies formed under the laws of another U.S. state as foreign.
2. An insurer organized under the laws of another country is considered by Nebraska to be a(n):
Alien insurer
Neb. Rev. Stat. 44-103 designates companies formed under the laws of any country other than the United States as alien.
3. Before an insurer may transact insurance in Nebraska it must obtain from the Director a:
Certificate of authority
Neb. Rev. Stat. 44-303 bars any insurer from transacting business in Nebraska without a certificate of authority from the Department, renewed annually.
4. An insurer that holds a Nebraska certificate of authority is best described as:
Admitted or authorized
An insurer holding a certificate of authority is an admitted or authorized insurer.
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.
