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  4. Insurance Regulation

Free Insurance Regulation Practice Questions

Indiana Casualty exam — 12 practice questions.

Subtopics: 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, Rebating, Twisting, CAN-SPAM Act, Guaranty association

Read the Insurance Regulation study guide

Sample questions & answers

1. Under FCRA, an insurer that surcharges a policy based on a consumer report must:

Provide an adverse action notice and identify the reporting agency

FCRA requires adverse action notices that identify the consumer reporting agency used in the decision.

2. Under 18 USC 1033 and 1034, a person with a breach-of-trust felony conviction may work in insurance only with:

Written consent of the appropriate insurance regulator

Federal law bars such persons from the insurance business absent written regulatory consent.

3. The Gramm-Leach-Bliley Act requires insurers to:

Provide privacy notices and protect nonpublic personal financial information

GLBA requires privacy notices and safeguards for nonpublic personal financial information.

4. Under the federal Terrorism Risk Insurance Act, commercial liability and property insurers must:

Make terrorism coverage available for certified acts

TRIA requires insurers to make available coverage for certified acts of terrorism, with a federal backstop for large losses.

All Casualty topics

Practice: Insurance Regulation

Take a randomized, timed-style practice test. Answer choices are shuffled and your results are scored instantly with an explanation for every question.

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 Pennsylvania Insurance Department and the exam administrator before relying on it.