Free Insurance Regulation Practice Questions
New Hampshire Property & Casualty exam (series 12-64) — 200 practice questions.
Subtopics: Form filing, Binder, Market conduct exam, Conversion of funds, Unlicensed activity, Agent of record, Commercial rate filing, Timely claim handling, Receivership, Continuing education, Reporting actions, Nonresident adjuster, Arson reporting, Commissioner appointment, Commissioner term, Commissioner powers, Insurance Department status, Rulemaking notice, Administrative fines, Investigation response, Criminal referrals, Hearings, Examinations, Producer examinations, Examination powers, Unfair practices investigations, Hearing notice, Unfair practice penalties, Consumer restitution, Cease and desist, Violating a cease and desist order, Insurance fraud unit, License required, Unlicensed activity penalty, Negotiate defined, Solicit defined, License and authority, Licensing exemptions, Examination, Failed examination, Minimum age, Business entity licensing, Lines of authority, License reinstatement, Change of address, Continuing education ethics, CE deadline, CE credit hour, CE first renewal, CE duplicate courses, Flood insurance training, Nonresident licensing, Moving to New Hampshire, Moving out of state, Assumed names, Temporary license, Disciplinary grounds, Disciplinary fines, License surrender, Commissions, Renewal commissions, Appointments, Apparent authority, Termination of appointment, Termination comments, Termination immunity, Referral fees, Controlled business, Fiduciary capacity, Conversion of premiums, Premium trust account, Commingling, Return premiums, Trust account records, Trust account wording, Financial institution sales, Financial institution disclosures, Anti-tying, Financial institution records, Misrepresentation, Twisting, False advertising, Defamation, Boycott, coercion, intimidation, Illegal inducements, Unfair discrimination, Credit information, Rebating, Promotional items, Value-added services, Sweepstakes, Receiving rebates, Collecting proper premium, Midterm reductions, Lender coercion, Lender limits, Loan closing, Complaint records, Unfair claim practices, Claim notice to producer, Claim acknowledgment, Claim investigation, Claim decision, Claim payment, Claim communications, Department inquiries, Claim denials, Undisputed amounts, Advance payments, Unlicensed adjusters, Breach of policy conditions, Claim payment details, Insurance fraud, Fraud warning, Fraud reporting immunity, Theft reporting, Privacy notices, Privacy opt-out, Health information, Privacy scope, Guaranty association, Guaranty limits, Guaranty scope, Guaranty exhaustion, Guaranty advertising, Guaranty claim timing, Surplus lines, Surplus lines tax, Surplus lines reports, Direct billing, Agency termination, Discontinuing a line, Premium refunds, Late premium payment, Unpaid premium offset, Certificates of insurance, Rate standards, Competitive market, Risk classification, Rate filings, Coverage reductions at renewal, Personal lines unearned premium, Fees, 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. Before using a new homeowners policy form in New Hampshire, an insurer must file it and wait:
30 days, unless disapproved sooner
RSA 412:5 requires P&C forms to be on file for a 30-day waiting period (extendable once by up to 30 days); the form is deemed to comply unless disapproved within that time.
2. A binder issued by a producer provides:
Temporary coverage until the policy is issued
A binder is a temporary contract of insurance; in New Hampshire it may be oral or written and includes the standard fire policy terms for fire coverage.
3. A market conduct examination by the New Hampshire Insurance Department focuses on an insurer's:
Practices such as claims handling and sales
RSA 400-A:37 authorizes examinations conducted under the NAIC Market Regulation Handbook, which review conduct such as sales, underwriting and claims practices for compliance.
4. A producer who keeps client premium funds for personal use rather than remitting them to the insurer has committed:
Conversion of fiduciary funds
Premiums are received in a fiduciary capacity; a producer who converts them to personal use is deemed guilty of embezzlement under RSA 402:53.
All Property & Casualty 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.
