Free Insurance Regulation Practice Questions
Utah Property exam (series 17-22) — 148 practice questions.
Subtopics: Commissioner appointment, Commissioner removal, Commissioner orders, Insurer examinations, Producer forfeiture, Continuing violations, Profit forfeiture, Premium tax, Minimum age, Exam to license deadline, Fingerprinting, New resident exam waiver, Reporting actions, Surplus lines license type, Lapsed license reinstatement, Suspension length, Grounds for discipline, Past-due judgment, Appointment filing, Termination filing, Termination for cause immunity, License expiration, CE hours, Ethics CE, CE carryover, Association membership credit, CE records, Flood training, Flood training and CE, Surplus lines experience, Change of address, Business email, Record retention, Fiduciary funds, Deposit deadline, Trust account interest, Misleading communications, Unfair discrimination, Boycott and coercion, Choice of insurer, Inducements, Social courtesies, Loss control services, Controlled business, Sharing commissions, Dual capacity consent, Using unlicensed persons, Fraudulent insurance act, Insurer fraud reporting, Claim fraud, Guaranty claim cap, Guaranty unearned premium, Rate standards, Rate filing timing, Form filing, Form disapproval, Insurable interest in property, Insuring without interest, Misrepresentation, Copy of application, Breach of condition, Notice to agent, Late notice, Mailing proof of loss, Suit limitation, Waiting period to sue, Appraisal tolling, Limitation clauses, Midterm cancellation, Cancellation grounds, Cancellation notice for grounds, Nonpayment notice, Commercial nonpayment notice, New business cancellation, Nonrenewal notice, Renewal on worse terms, Reasons for cancellation, Coverage inquiries, Homeowners weather claim, Risk-sharing plan notice, Premium finance cancellation, Claim acknowledgment, Claim forms, Accept or deny, Extended investigation, Denial references, Payment deadline, Unfair claim practices, Timely payment duty, Joint underwriting associations, JUA exclusions, JUA earthquake, JUA participation, Surplus lines tax, Surplus lines placement, Surplus lines notice, Substandard surplus insurer, Direct placement, Surplus lines advisory organization, Property definition, McCarran-Ferguson Act, Federal 1033 consent, FCRA permissible purpose, Cancellation information immunity, Renewal right, Fair Credit Reporting Act, Fraud and false statements, Gramm-Leach-Bliley, Terrorism Risk Insurance Act, Motor Carrier Act, Do Not Call, 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, Rebating, Twisting, Defamation, 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
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Sample questions & answers
1. How does the Utah insurance commissioner take office?
Appointed by the governor with the advice and consent of the Senate
Utah Code 31A-2-102 provides that the commissioner is appointed by the governor with the advice and consent of the Senate.
2. Under Utah law, the insurance commissioner may be removed from office:
At the pleasure of the governor
Utah Code 31A-2-102(1) states that the commissioner is subject to removal at the pleasure of the governor.
3. For an order issued by the Utah insurance commissioner to be effective, it must be:
In writing and signed by or under the authority of the commissioner
Under 31A-2-201(4), a commissioner's order is not effective unless it is in writing and signed by the commissioner or under the commissioner's authority.
4. How often must the Utah commissioner examine each insurer, domestic or nondomestic, unless an allowed alternative is used?
No less frequently than once every five years
Utah Code 31A-2-203 requires the commissioner to examine insurers no less frequently than once every five years, though an alternative examination may be used instead.
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.
