1. Exam Prep
  2. Michigan
  3. Life, Accident & Health
  4. Insurance Regulation

Free Insurance Regulation Practice Questions

Michigan Life, Accident & Health exam — 42 practice questions.

Subtopics: Regulatory authority, Director, Continuing education, Ethics requirement, License renewal cycle, Acts requiring license, Appointment, Termination notice, Reporting actions, Rebating, Twisting, Misrepresentation, Guaranty association, Guaranty advertising, Annuity guaranty cap, Free look, Replacement, Fiduciary funds, License action, Unfair discrimination, Cease and desist, Temporary license, Nonresident license, Address change, Prelicensing, Commission sharing, Recordkeeping, Suitability, Reinstatement of license, External review, Privacy, Federal fraud statute, Fair Credit Reporting Act, Do Not Call, Illustrations, Disclosure, McCarran-Ferguson Act, NAIC, CAN-SPAM Act, Advertising

Read the Insurance Regulation study guide

Sample questions & answers

1. The Michigan agency that regulates life, accident, and health insurance is the:

Department of Insurance and Financial Services (DIFS)

DIFS regulates insurers and producers across life, accident, and health lines in Michigan.

2. Who administers and enforces the Michigan Insurance Code?

The Director of DIFS

The Director of DIFS administers and enforces the Michigan Insurance Code.

3. Michigan resident producers generally must complete how many CE hours each renewal period?

24 hours

Michigan generally requires 24 hours of continuing education per renewal cycle, including ethics.

4. Part of a Michigan producer's continuing education each period must cover:

Ethics

A portion of the required CE hours each period must be devoted to ethics.

All Life, Accident & Health 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 Insurance Department and the exam administrator before relying on it.