Free Insurance Regulation Practice Questions

North Dakota Life, Accident & Health exam — 12 practice questions.

Subtopics: Privacy, Federal fraud statute, Fair Credit Reporting Act, Do Not Call, Illustrations, Disclosure, McCarran-Ferguson Act, NAIC, Twisting, Rebating, CAN-SPAM Act, Advertising

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Sample questions & answers

1. The Gramm-Leach-Bliley Act requires producers and insurers to protect the:

Privacy of consumers' nonpublic personal financial information

GLBA governs the privacy and safeguarding of consumers' nonpublic personal financial information.

2. Under federal law, a person convicted of a felony involving dishonesty may work in the business of insurance only if they:

Obtain written consent from the state insurance regulator

18 U.S.C. 1033 bars such persons from the business of insurance without the regulator's written consent.

3. The federal Fair Credit Reporting Act requires that an applicant be notified when:

An adverse underwriting decision is based in part on a consumer report

The FCRA requires adverse-action notice when a consumer report contributes to an adverse decision.

4. A producer making telephone sales solicitations must comply with the:

National Do Not Call Registry rules

Telemarketing of insurance must observe the federal Do Not Call Registry restrictions.

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