Free Insurance Regulation Practice Questions
New Mexico Property exam (series 18-28) — 80 practice questions.
Subtopics: Licensing requirements, Fingerprints, Passing score, Exam exemptions, Lines of authority, Definitions, Broker vs agent, Insurance consultant, Nonresident CE, Temporary license, License renewal, Continuing education, Flood training, CE course timing, Reporting actions, Premium remittance, Appointment filing, Producer termination, Grounds for discipline, Denial hearing, General penalty, Application misstatement, Cease and desist, Superintendent removal, Orders, Inquiries, Certificate of authority, Unfair claims, Complaint records, Commission sharing, Excess charges, Misrepresentation, Defamation, Rebating, False claims, Fraud reporting, Personal lines authority, Fair Credit Reporting Act, Fraud and false statements, Gramm-Leach-Bliley, Terrorism Risk Insurance Act, Motor Carrier Act, Do Not Call, McCarran-Ferguson Act, Flood Disaster Protection Act, Biggert-Waters Reform Act, Federal Insurance Office, FAIR Plan origins, Coastal Barrier Resources Act, McCarran-Ferguson antitrust, Gramm-Leach-Bliley opt-out, Gramm-Leach-Bliley notice, FCRA investigative report, FCRA free report, TRIA certification, TRIA federal share, TRIA program trigger, TRIA insurer deductible, TRIA lines covered, TRIA disclosure, 18 USC 1033 penalty, Nonadmitted and Reinsurance Reform Act, Surplus lines diligent search, Exempt commercial purchaser, Guaranty association - surplus lines, Guaranty association purpose, Twisting, Boycott, coercion, intimidation, Unfair claims practices, Commingling premiums, Mandatory flood purchase amount, Force-placed flood, Private flood acceptance, HFIAA surcharge, Risk retention groups, Privacy model - adverse underwriting, Do Not Call existing relationship
Read the Insurance Regulation study guide
Sample questions & answers
1. Which of the following is NOT one of the items the New Mexico superintendent must confirm or complete before approving a resident producer application?
Proof of a college degree
The statute lists age, fees, passing the required exams, background questions, fingerprints and criminal background checks; no college degree is required.
2. Under New Mexico producer licensing rules, what happens if the results of a resident applicant's fingerprint background check have not yet been received?
The application is not approved pending further review
The licensing rule states that if background check results have not been received, the application will not be approved pending further review.
3. What minimum score must a candidate achieve to pass a New Mexico insurance licensing examination?
70%
The examination rule requires a minimum score of seventy percent to pass.
4. Which New Mexico applicant is NOT required to take an examination?
An applicant for a temporary producer license
The licensing rule lists applicants for a temporary license among those not required to take an examination.
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.
