Free Insurance Regulation Practice Questions
Wisconsin Accident & Health exam (series 22-03) — 143 practice questions.
Subtopics: Regulator, Commissioner authority, Licensing line, Continuing education, Producer appointment, Unfair claims practice, Rebating, Privacy, Free look on health policy, Misrepresentation, Solvency oversight, Replacement of health coverage, Producer recordkeeping, Penalties, Nonresident producer, Advertising of benefits, Licensing exam, Exam content weighting, Prelicensing education, Prelicensing exemptions, Exam score validity, License qualifications, License application, Intermediary definition, Agent vs broker, Licensing exemptions, Unlicensed activity, Nonresident licensing, Change of residence, License renewal, Temporary license, Appointments, Appointment termination, Change of address, Reporting of actions, Record keeping, Commissioner powers, Insurer examinations, Hearings, License revocation, License reinstatement, License denial, Competence and trustworthiness, Fiduciary responsibility, Premium handling, Prohibited practices, Senior designations, Rebating and inducements, Unfair discrimination, Boycott, coercion, intimidation, Insurance Security Fund, Controlled business, Sharing commissions, Proper exchange of business, Compensation disclosure, Agency law, Payment of claims, Unfair claims practices, Notice of right to file complaint, Policy readability, Misrepresentation by applicant, Notice and proof of loss, Cancellation, Nonrenewal, HIV testing, Interstate compact, Commissioner, Lines of authority, Fair Credit Reporting Act, Fraud and false statements, Privacy GLBA, Affordable Care Act, Do Not Call, McCarran-Ferguson Act, HIPAA administrative simplification, Mental Health Parity, Newborns and Mothers Health Protection, Women's Health and Cancer Rights Act, Unfair trade practices, Claims practices, Fiduciary duty, Producer licensing, Insurance fraud, HIPAA privacy, Genetic information, Medicare marketing, Guaranty associations, Regulatory structure, GLBA privacy, Telemarketing
Read the Insurance Regulation study guide
Sample questions & answers
1. Accident and health insurance sold in Wisconsin is regulated by which body?
The Office of the Commissioner of Insurance
OCI is the Wisconsin agency that regulates accident and health insurers and the producers who sell their products.
2. The Wisconsin Commissioner of Insurance is empowered to do what regarding health insurers?
Enforce the insurance code
The commissioner administers and enforces chs. 600-655 and issues orders necessary to secure compliance (Wis. Stat. 601.41).
3. To sell health insurance in Wisconsin, a producer must hold a license with which authority?
The accident and health line
Ins 6.50(2)(a)2 establishes the accident and health major line, which covers sickness, bodily injury or accidental death and may include disability income.
4. How much continuing education must a Wisconsin resident agent holding the accident and health line complete each biennium?
24 credit hours, including 3 hours of ethics
Ins 28.04(1)(a) requires 24 approved credit hours every two years, at least 3 of them in insurance ethics.
Practice: Insurance Regulation
Answer choices are shuffled every time, and every question comes with an explanation.
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.
