Free Insurance Regulation Practice Questions
Nebraska Property & Casualty exam (series 13-04) — 210 practice questions.
Subtopics: Director powers, Fraud prosecution, CE purpose, Acknowledging communications, Rebating, Fraud penalty, Premium trust funds, Records examination, Surplus lines eligibility, Public adjuster license, Consumer complaints, License reinstatement, Department head title, Department supervision, 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, 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, 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, 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
Read the Insurance Regulation study guide
Sample questions & answers
1. The Nebraska Director of Insurance is generally authorized to:
Adopt rules and enforce the insurance laws
Section 44-101.01 gives the Director the power and duty to enforce and execute the insurance laws and to adopt and promulgate rules to carry out Chapter 44.
2. When the Nebraska Insurance Fraud Prevention Division asks, through the Director, for prosecution of a fraudulent insurance act, the case is prosecuted by:
The Attorney General, if the case has sufficient legal merit
Section 44-6606(3)(d) requires the Attorney General, at the division's request through the Director, to prosecute fraudulent insurance acts if convinced there is sufficient legal merit; cases may be referred to a county attorney.
3. According to Nebraska law, the purpose of continuing education for producers is to:
Improve the quality of insurance services to the public
Section 44-3901 states the purpose of the CE requirements is to maintain and improve the quality of insurance services provided to the public; 44-3907 bars renewal without compliance.
4. Under Nebraska law, an insurer that fails to acknowledge pertinent claim communications with reasonable promptness, as a general business practice, commits:
An unfair claims settlement practice
Section 44-1540(2) lists failing to acknowledge with reasonable promptness pertinent communications about claims; 44-1539 makes it a violation when flagrant or a general business practice.
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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.
