Free Insurance Regulation Practice Questions
Nebraska Personal Lines exam (series 13-21) — 211 practice questions.
Subtopics: Lines of authority, Public adjuster license, Surplus lines, Unfair claims practices, Premium misappropriation, 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, 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, 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 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, 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, Lowball offers, Explaining payments, Claims practice penalties, Claim data retention, Undisputed portions, 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 adverse action, FCRA permissible purpose, 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, Nonresident licensing, Unfair discrimination, Misrepresentation and advertising, Fraud warning, Guaranty associations
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Sample questions & answers
1. To sell personal auto and homeowners insurance to individuals in Nebraska, a producer needs at least the:
Personal lines property and casualty line of authority
Section 44-4054(1)(h) creates a personal lines line of authority for property and casualty coverage sold to individuals and families for primarily noncommercial purposes.
2. Which Nebraska license lets a person be paid by a homeowner to negotiate the homeowner's property claim with the insurer?
Public adjuster license
Section 44-9203(9) defines a public adjuster as a person who, for compensation, acts for or aids an insured in negotiating the settlement of a first-party property claim; 44-9204 requires a public adjuster license.
3. Coverage for a hard-to-place risk written by a nonadmitted insurer through a specially licensed producer is:
Surplus lines insurance
Under 44-5510, when coverage cannot be procured from an admitted insurer, it may be procured from a nonadmitted insurer through a surplus lines licensee.
4. A Nebraska auto insurer that fails to attempt a prompt and fair settlement of a clear claim commits:
An unfair claims settlement practice
Section 44-1540(4) lists not attempting in good faith to effectuate prompt, fair, and equitable settlement of claims in which liability is reasonably clear.
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.
