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  2. Michigan
  3. Property & Casualty
  4. Insurance Regulation

Free Insurance Regulation Practice Questions

Michigan Property & Casualty exam — 39 practice questions.

Subtopics: Regulatory authority, Director, Continuing education, License term, Appointment, Unfair claims practice, Rebating, Cancellation notice, Nonrenewal, Guaranty association, Rate regulation, Fiduciary funds, License action, Nonresident license, Reporting actions, Surplus lines, Cease and desist, Coercion, MCCA role, MCCA assessment, MAIPF, Assigned claims, Privacy, Recordkeeping, Prelicensing, Reinstatement, Unfair discrimination, Claims fraud, Commission sharing, Federal fraud statute, Fair Credit Reporting Act, Gramm-Leach-Bliley, Terrorism Risk Insurance Act, Do Not Call, McCarran-Ferguson Act, NAIC role, Unfair claims settlement, Anti-money laundering, Fraud warning statements

Read the Insurance Regulation study guide

Sample questions & answers

1. Which agency regulates property and casualty insurance in Michigan?

Department of Insurance and Financial Services (DIFS)

DIFS regulates property and casualty insurers and producers under the Michigan Insurance Code.

2. The Michigan Insurance Code is enforced by the:

Director of DIFS

The Director of DIFS administers and enforces Michigan's Insurance Code.

3. Michigan resident P and C producers generally must complete how many CE hours per period?

24 hours

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

4. How often must a Michigan producer license be renewed?

Biennially

Michigan producer licenses renew biennially, typically tied to the licensee's birthday.

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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.