Free Insurance Regulation Practice Questions
Rhode Island Personal Lines exam — 239 practice questions.
Subtopics: License line, Homeowners cancellation notice, Unfair claims practices, Rate filing, Guaranty association, Recordkeeping, Premium tax, Regulatory oversight, Rulemaking authority, Commissioner is DBR Director, Examination of domestic insurer, Examination at any time, Examination costs, Financial inquiries, Unsatisfactory returns, Record retention insurer, Producer policy file, Claim file retention, Examiner response time, Electronic records, Hearing notice, Hearing subpoena, Cease and desist penalty, Flagrant violation penalty, Violating cease and desist, Administrative penalty range, Administrative remedies, False swearing, Director subpoena, Unlicensed insurer producer fine, Noncomplying insurer contract, Foreign insurer license revocation, Violations to Attorney General, Alien insurer, Foreign insurer compliance, Domestic insurer office, Mutual nonassessable, Mutual dividend notice, Binder obligation, Binder contents, Binder definition, Certificate not a policy, Certificate definition, Certificate alteration, Certificate notice rights, Certificate void, Misrepresentation, Misquote to induce lapse, Defamation, Boycott, False advertising, Rebating definition, Commission sharing, Rebating criminal penalty, Value-added services, Raffles, "Free" insurance, Gifts to customers, Lender free choice, Lender substitution fee, Geographic discrimination, Discrimination by location, Age of home, Sex or marital status, Impairment, Domestic partners, Abuse status, Abuse claim by non-coinsured, Abuse adverse action, Glass repair choice, Complaint records, Complaint definition, Application fraud, License required, Minimum age, Business entity license, Exam content, Exam retake, Property line definition, Casualty line definition, Personal lines definition, License term, License stays in effect, Expired license reinstatement, Late renewal penalty, Military waiver, Change of address, Nonresident license, Moving to Rhode Island, Nonresident moving, Exempt from licensing, Rental car exemption, Temporary license length, Temporary license eligibility, Temporary license sponsor, Grounds for discipline, Child support, Accepting unlicensed business, Denial hearing, Surrendered license, Appointment required, Appointment filing, Appointment renewal, Termination notice to Commissioner, Termination copy to producer, Producer comments, Reporting administrative actions, Reporting criminal prosecution, Commissions to unlicensed, Renewal commissions, Compensation disclosure, Commission disclosure timing, Disclosure exemption, Fiduciary premiums, Misappropriation as theft, Separate account, Errors and omissions, E&O exemption, Agency contract cancellation, Agency contract modification, Surplus lines license, Surplus lines prerequisite, Diligent effort, Diligent effort exemptions, Residual markets not admitted, Surplus lines tax, Surplus lines annual report, Surplus lines notice, Surplus lines insurer capital, Surplus lines broker fee, CE hours, CE carryover, CE exemption long service, CE limited lines exemption, CE nonresidents, CE instructor credit, CE extension, CE proof, CE noncompliance, Unfair claims standard, Unfair claims examples, Lowball offers, Unfair claims penalty, Claim acknowledgment, Department inquiry, Accept or deny, More time needed, Statute of limitations notice, Undisputed payment, Denial review notice, Polygraph, "Final" payment language, Retaining unpaid premium, Matching, ACV for fire claims, Auto appraisal threshold, Aftermarket parts, Total loss recourse, Rental disclosure, Theft reporting, Claims rule scope, Guaranty purpose, Guaranty former name, Guaranty accounts, Guaranty exclusions, Guaranty surety exclusion, Guaranty WC claims, Guaranty unearned premium, Guaranty claim limit, Guaranty 60-day window, Guaranty assessment cap, Guaranty membership, Premium finance cancellation notice, Premium finance return premium, Premium finance pro rata, Premium finance delinquency charge, Premium finance service charge, Premium finance interest, Premium finance prepayment, Premium finance agreement type, Privacy annual notice, Privacy initial notice, Privacy opt out, Health information authorization, Authorization length, Privacy scope, Account numbers, Privacy nondiscrimination, False claim is larceny, False application statement, Insurer contesting claim fraudulently, Insurer premium tax, Material change definition, Material change notice period, Material change lines, Material change label, Material change failure, 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, Personal lines authority, Nonresident licensing, Unfair discrimination, Misrepresentation and advertising, Fraud warning, Guaranty associations
Read the Insurance Regulation study guide
Sample questions & answers
1. To sell personal auto and homeowners insurance in Rhode Island, a producer must be licensed with:
Personal lines or P&C authority
Personal auto and homeowners may be sold under the personal lines line of authority (P&C sold to individuals and families for noncommercial purposes) or the property and casualty lines. The prior key named only property and casualty, ignoring Rhode Island's personal lines license.
2. Under the Rhode Island standard fire policy, before cancelling a homeowners policy for a reason other than nonpayment, the insurer must give:
30 days' written notice to the insured
The RI standard fire policy, which underlies homeowners and dwelling coverage, requires 30 days' written notice of insurer cancellation (10 days for nonpayment).
3. A Rhode Island auto insurer that, without a reasonable basis, repeatedly fails to promptly investigate and settle valid claims may be committing:
An unfair claims settlement practice
Failing without reasonable basis to promptly investigate and settle valid claims, as a general business practice, is an unfair claims settlement practice under chapter 27-9.1.
4. Personal lines insurance rates used in Rhode Island must generally be:
Not excessive, inadequate, or unfairly discriminatory
Rhode Island's property and casualty rating laws require rates that are not excessive, inadequate, or unfairly discriminatory.
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.
