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

Free Insurance Regulation Practice Questions

North Carolina Life, Accident & Health exam — 38 practice questions.

Subtopics: Elected commissioner, Department mission, CE hours, License continuation, Compliance timing, Lapse make-up, Temporary license, Appointment process, Termination for cause, Reciprocity, Misrepresentation, Twisting, Rebating, Replacement disclosure, Fiduciary, Free look life, Free look replacement, Guaranty association purpose, Guaranty advertising ban, Annuity suitability, Unfair claims, License discipline, Insurer admission, Privacy, Continuing authority, Commissioner examination, 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. A unique feature of North Carolina insurance oversight, compared with many other states, is that the Commissioner of Insurance is:

Elected directly by the public

North Carolina's Commissioner of Insurance is elected statewide rather than appointed, giving the office direct accountability to voters.

2. The North Carolina Department of Insurance is chiefly responsible for:

Regulating insurers and protecting insurance consumers

The NCDOI regulates the insurance industry, licenses producers, reviews rates and forms in regulated lines, and assists consumers.

3. For a North Carolina producer holding life and health authority, the biennial continuing education requirement is:

24 hours including at least 3 ethics hours

North Carolina requires 24 CE hours every two years regardless of the number of licenses held, including a minimum of 3 hours of ethics.

4. A North Carolina life and health producer keeps the license active primarily by:

Completing the required CE by the compliance date

North Carolina generally has no separate license renewal application or fee; timely completion of required CE keeps the license active.

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.