North Carolina Insurance Regulations Practice Questions
450 free North Carolina-specific insurance regulation questions — licensing rules, replacement regulations, unfair practices, and NC insurance code duties tested on the North Carolina Life & Health exam. Nationally applicable material lives in the other domains.
- 1.How many continuing education credit hours must a North Carolina life producer complete in each biennial co…Difficulty 1/5NC specific
- 2.Under the ethical standards the Commissioner enforces for North Carolina producers, which conduct is expect…Difficulty 2/5NC specific
- 3.An insured in Greensboro held several individual life insurance policies from a failed member insurer, with…Difficulty 1/5NC specific
- 4.A person in Durham uses fabricated documents to obtain policy benefits from an insurer. Under North Carolin…Difficulty 1/5NC specific
- 5.A licensed North Carolina life producer dies, and the producer's spouse wants a temporary license to contin…Difficulty 2/5NC specific
- 6.An applicant for life insurance in North Carolina states her age incorrectly in the application. Under G.S.…Difficulty 2/5NC specific
- 7.Which statement best characterizes an insurance policy as a contract under North Carolina insurance law?Difficulty 2/5NC specific
- 8.To persuade a policyholder to let an existing hospital policy lapse and take a new one, a North Carolina pr…Difficulty 3/5NC specific
- 9.After notice and a hearing, the Commissioner finds that an insurer has engaged in an unfair method of compe…Difficulty 1/5NC specific
- 10.A North Carolina health insurer's policy requires claims to be filed within 60 days after the date of servi…Difficulty 2/5NC specific
- 11.A policyowner with a terminal illness sells her life insurance policy to a third-party investor under a via…Difficulty 1/5NC specific
- 12.An insurer appoints a new producer, and the producer submits the first insurance application under that app…Difficulty 1/5NC specific
- 13.A Wilmington woman owned three individual life policies, with cash values, issued by an insolvent member in…Difficulty 2/5NC specific
- 14.A structured settlement payee sells the right to receive future structured settlement payments to a factori…Difficulty 1/5NC specific
- 15.An employee's group hospital, surgical, and major medical coverage under a North Carolina group policy term…Difficulty 2/5NC specific
- 16.A producer sells a client a new standard individual hospitalization policy and tells her she may return it …Difficulty 3/5NC specific
- 17.To close a sale of an accident and health policy, a producer offers the applicant a gift card as an inducem…Difficulty 2/5NC specific
- 18.A North Carolina life policy limits its suicide benefit. During the two-year period allowed for that limita…Difficulty 1/5NC specific
- 19.A licensed North Carolina producer dies and his spouse wants to keep servicing the agency's business tempor…Difficulty 2/5NC specific
- 20.An applicant is preparing to sit for the North Carolina Accident and Health examination. What does current …Difficulty 3/5NC specific
- 21.A North Carolina resident's individual life policy has been in force for several years and the policyholder…Difficulty 1/5NC specific
- 22.Under G.S. 58-60-15, up to what equivalent level death benefit may an insurer use a simplified written stat…Difficulty 1/5NC specific
- 23.An applicant for a life policy delivered in Raleigh unintentionally misstates his height and weight on the …Difficulty 2/5NC specific
- 24.A nonresident producer's North Carolina license has lapsed because his home-state license lapsed. He has si…Difficulty 1/5NC specific
- 25.An individual applies to the NCDOI for a life agent license and asks to add the accident and health line of…Difficulty 1/5NC specific
- 26.A policyholder in Durham stopped paying premiums on an individual life policy three years ago; the policy w…Difficulty 3/5NC specific
- 27.Under North Carolina's fraternal benefit society law (G.S. 58-24-1 and following), a fraternal benefit soci…Difficulty 2/5NC specific
- 28.A governmental retirement plan participant and a non-governmental unallocated annuity contract holder both …Difficulty 3/5NC specific
- 29.An existing insurer sends a verification letter to a North Carolina replacing insurer in a replacement tran…Difficulty 1/5NC specific
- 30.The North Carolina Commissioner of Insurance finds a producer committed a routine violation of the insuranc…Difficulty 1/5NC specific
- 31.An insurer terminates a producer's appointment in North Carolina. Under G.S. 58-33-56, which sequence of no…Difficulty 2/5NC specific
- 32.A North Carolina life policy carries a grace period. Before the insurer may forfeit the policy for nonpayme…Difficulty 3/5NC specific
- 33.A North Carolina insurer receives a completed life application indicating that the applicant intends to rep…Difficulty 2/5NC specific
- 34.An insured holds hospital and medical coverage that qualifies as a health benefit plan under North Carolina…Difficulty 1/5NC specific
- 35.A North Carolina employee's group hospital, surgical, and major medical coverage ends when her employment e…Difficulty 1/5NC specific
- 36.An individual accident and health policy has premiums payable monthly. If the premium is due on the first o…Difficulty 1/5NC specific
- 37.An insurance company willfully makes a false statement in a financial statement filed under oath with the N…Difficulty 2/5NC specific
- 38.An insurer fails and two holders of unallocated annuity contracts file claims with the North Carolina Life …Difficulty 3/5NC specific
- 39.A North Carolina insurer is drafting the claim provisions for its individual health policy forms. What is t…Difficulty 2/5NC specific
- 40.A producer tells an applicant, 'Buy this policy — the state guaranty association stands behind it.' Under G…Difficulty 1/5NC specific
- 41.An accident and health policy delivered in North Carolina contains a provision that conflicts with the Nort…Difficulty 1/5NC specific
- 42.Which statement best describes a fraternal benefit society under North Carolina insurance law (Article 24, …Difficulty 2/5NC specific
- 43.A policyholder in Raleigh owns three individual life insurance policies issued by a member insurer, with co…Difficulty 2/5NC specific
- 44.To close a sale, a producer offers to rebate part of the commission to the applicant and pay the applicant'…Difficulty 2/5NC specific
- 45.To persuade a policyholder to surrender an existing health policy, a North Carolina producer makes an incom…Difficulty 2/5NC specific
- 46.Under the producer ethical standards rule of 11 NCAC 4 .0423 cited in the North Carolina content outlines, …Difficulty 2/5NC specific
- 47.A licensed North Carolina producer dies, and her personal representative wants to continue operating the ag…Difficulty 1/5NC specific
- 48.Which continuing education requirement applies to a North Carolina accident and health producer for each bi…Difficulty 1/5NC specific
- 49.Under G.S. 58-62-21(d)(3) and (4), which pairing of unallocated annuity limits is correct in North Carolina?Difficulty 3/5NC specific
- 50.Under G.S. 58-3-10, statements made by an applicant in an insurance application are treated as:Difficulty 2/5NC specific