Free Insurance Regulation Practice Questions
Tennessee Casualty exam — 171 practice questions.
Subtopics: Commissioner appointment, Investigative powers, Sworn testimony notice, Investigation time limit, Domestic insurer, Foreign insurer, Insurance producer definition, Negotiate definition, Solicit definition, Sell definition, Terminate definition, Business entity definition, Business entity requirements, Who may sell for an agency, Limited lines, Licensing exemptions, Multistate commercial exemption, Rental car exemption, Minimum age, Prelicensing education, Prelicensing exemptions, Passing score, Exam retake, Six-month rule, Background check, Exam integrity, License term, Business entity renewal, Continuing education hours, CE carryover, CE exemption, CE credit hour, Lapsed license, Late renewal penalty, Change of address, Nonresident change of residence, Moving to Tennessee, Nonresident license, Exam exemption, Temporary license term, Temporary license eligibility, Temporary license military, Temporary license sponsor, Appointment required, Appointment filing, Agent of insurer, Eligibility check, Residual market placement, Termination notice, Copy to producer, Producer response, Termination reporting immunity, Commissions to unlicensed persons, Renewal commissions, Referral fees, Fiduciary funds, Unauthorized insurers, Unauthorized insurer fraud, Grounds for discipline, Civil penalties, Continuing violations, Knowing violations by insurers, Cease and desist, Denial notice, Hearing procedure, Surrendered license, Old misdemeanors, Agency responsibility, Child support, Reporting administrative actions, Reporting criminal charges, Financial planner title, Service fees, Fee agreement retention, Defamation, Boycott and coercion, False advertising, Rebating, Rebating exception, Unfair discrimination, Stock operations, Application misrepresentation, Complaint records, Complaint definition, Marketing records, Privacy, Unfair claims practices, Claim forms, Good-faith settlement, Claim acknowledgment, Department inquiries, Claim decision deadline, Investigation status letters, Payment deadline, Statute of limitations notice, Investigation findings, Polygraph, Denial complaint notice, Final payment language, Written notice condition, Claim file retention, Guaranty association scope, Guaranty association limit, Guaranty association and WC, Guaranty association net worth, Guaranty association exclusions, Guaranty association funding, Guaranty association assessment cap, Credit-based decisions, Insurance score factors, Credit negative factors, Credit rescoring, Adverse action notice, Credit disclosure, Producer indemnification, Credit disputes, Scoring model filing, Credit report age, Fair Credit Reporting Act, Fraud and false statements, Gramm-Leach-Bliley, Terrorism Risk Insurance Act, Motor Carrier Act, Do Not Call, McCarran-Ferguson Act, NAIC role, Twisting, CAN-SPAM Act, Guaranty association, Federal Insurance Office, Risk retention groups, Purchasing groups, Surplus lines (NRRA), Surplus lines insurers, Rate regulation, Rating laws, Advisory organizations, Unfair trade practices, Misrepresentation, Misappropriation of premiums, Fraud reporting, Motor carrier financial responsibility, ERISA bonding, Producer licensing concepts, Agent vs broker, Gap insurance licensing, Federal regulation
Read the Insurance Regulation study guide
Sample questions & answers
1. How does a person become Tennessee's Commissioner of Commerce and Insurance?
Appointment by the governor, serving at the governor's pleasure
Commerce and Insurance is a state department, and Tennessee department commissioners are appointed by the governor and hold office at the governor's pleasure.
2. When investigating a licensed producer, the Tennessee Commissioner of Commerce and Insurance may:
Subpoena witnesses and examine them under oath
The commissioner has inquisitorial powers, including subpoenaing witnesses and examining them under oath, and has access to the business records of licensees.
3. Before taking sworn testimony from a person in the insurance business, the Tennessee commissioner must give written notice of at least:
14 days
The commissioner may take sworn testimony from anyone involved in the insurance business after at least fourteen days' written notice of the time and place.
4. Once an inquisitorial order is issued, a Tennessee insurance licensing investigation generally must be completed within:
Two years
An investigation must be completed within two years of the inquisitorial order (subject to tolling); separately, actions must be commenced within five years of when the commissioner knew or should have known of the claim.
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.
