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  2. North Dakota
  3. Property & Casualty
  4. Insurance Regulation

Free Insurance Regulation Practice Questions

North Dakota Property & Casualty exam — 27 practice questions.

Subtopics: Monopolistic workers comp, Guaranty association scope, No-fault purpose, Surplus lines, Surplus lines license, Premium tax, Unfair discrimination, Midterm cancellation, Nonrenewal notice, Prompt claim handling, Insurance fraud, Compulsory insurance, Recordkeeping, Restitution, Continuing education, Guaranty limits, Residual property market, 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. Private insurance companies in North Dakota are generally prohibited from writing which line of coverage?

Workers' compensation

North Dakota is monopolistic for workers' compensation; private insurers may not write it, so employers buy from the state fund (WSI).

2. The North Dakota Insurance Guaranty Association's protection generally does NOT extend to:

Workers' compensation written by the state fund

Because workers' compensation is provided by the state fund, it is excluded from the property and casualty guaranty association.

3. One purpose of North Dakota's no-fault auto law is to:

Provide prompt payment of an injured insured's economic losses and reduce litigation over smaller claims

No-fault systems aim to pay an insured's economic losses promptly through their own insurer and to limit lawsuits over minor injuries.

4. Surplus lines (nonadmitted) insurers may generally be used in North Dakota when:

Coverage is not reasonably available from admitted insurers

Surplus lines coverage is generally permitted only when the needed coverage cannot reasonably be obtained from admitted insurers.

All Property & Casualty 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.