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  4. Insurance Regulation

Free Insurance Regulation Practice Questions

Maryland Personal Lines exam — 24 practice questions.

Subtopics: P&C guaranty association, Minimum auto liability, Required PIP, Required UM/UIM, Residual auto market, Financial responsibility, Cancellation notice, Midterm cancellation limits, Binder, Surplus lines, Residual property market, Cancellation refund, Proof after violations, Prompt claim acknowledgment, Producer duty of care, Homeowners nonrenewal, 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

Read the Insurance Regulation study guide

Sample questions & answers

1. If a Maryland property and casualty insurer becomes insolvent, claims may be paid (within limits) by the:

Maryland property and casualty guaranty fund

Maryland's property and casualty guaranty mechanism pays covered claims of insolvent member insurers, subject to statutory limits.

2. Maryland's minimum required automobile liability limits are commonly stated as:

30/60/15

Maryland commonly requires minimum auto liability of about $30,000 per person, $60,000 per accident, and $15,000 property damage (verify current limits).

3. Maryland personal injury protection (PIP) coverage is generally:

Required to be offered, though the insured may waive it in writing

Maryland requires that PIP be provided unless the insured waives it in writing; PIP pays medical and related expenses regardless of fault.

4. Maryland auto policies must generally include which coverage to protect against at-fault drivers who lack adequate insurance?

Uninsured/underinsured motorist coverage

Maryland requires uninsured/underinsured motorist (UM/UIM) coverage on auto policies to protect insureds harmed by inadequately insured drivers.

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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 Insurance Department and the exam administrator before relying on it.