Exam (elaborations)
Laws and Rules (NC Health) Questions and Answers
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Laws and Rules (NC Health)
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Laws and Rules (NC Health)Soliciting - answer Which of the following is an effort to influence a person to buy an
insurance product from you?
Only if the borrower is not restricted in his/her choices of insurers - answerUnder what
condition may a lender require the purchase of insurance as a condition of making a
loan?
10 - answerA resident agent who moves out of the state of NC has ____ business days
to notify the Commissioner of Insurance of the address change.
Notice Regarding Replacement - answerIn the event of a replacement, what MUST be
given to the insurance applicant at the time of application?
All claims from policies sold by the agent - answerAn agent who sells insurance policies
for an unauthorized insurer in North Carolina may be personally liable for:
Through the federal marketplace - answerEssential benefits without annual and lifetime
limits are required on any health policy purchased:
company - answerIf a dispute arises over an insurance contract, the agent who sold the
policy is considered to represent the:
insurance company - answerAn agent who solicits applications for life insurance in NC
is considered to represent the:
Commissioner of Insurance - answerIn North Carolina, an agent obtains his/her license
from the:
Higher rates of male insureds for life insurance based exclusively on gender -
answerNorth Carolina Insurance law permits which of the following practices?
Age - answerAccording to the Affordable Care Act (ACA), a dependent child's eligibility
status is determined by:
Discounting insurance premium by the agent - answerWhich of these actions fall under
North Carolina's definition of rebating?
Defamation - answerThe circulation of written literature that is maliciously critical of an
insurer's financial condition is called:
, Any insurance transaction - answerWhich of these circumstances REQUIRE an insurer
to clearly specify questions designed to obtain information solely for marketing
research?
Assist in the prevention of insurer insolvencies - answerThe Life and Health Insurance
Guaranty Association is funded by authorized insurers in this state. One of the roles of
this organization is to:
Insurance regulators - answerWhich of the following is not regulated by the insurance
information and privacy protection act?
26 - answerUnder the Affordable Care Act (ACA), health coverage is provided for
dependents up to the age of:
Felony - answerFiling a false insurance claim in NC is considered a(n)
Viatical Settlement - answerS is a life insurance policyowner and enters into a written
agreement to receive immediate cash in exchange for the sale and transfer of her life
insurance policy. This agreement is referred to as a(n)
Governor appointed - answerAny vacancy of the Commissioner of Insurance position
must be filled by a(n)
20 - answerA person insured under a health policy is required to give the insurance
company a Notice of Claim within how many days after a covered loss?
24 - answerAn agent must complete _____ biennial continuing education hours to
maintain his/her license.
Complete at least 20 hours of instruction approved by the commissioner of insurance -
answerWhat is one of the requirements for an applicant to become licensed as a North
Carolina Accident and Health insurance agent?
Hospital expenses - answerWhich of the following must be included with the
continuation of coverage of a group hospital, surgical, and major medical policy
Is found guilty of misrepresentation - answerA license may be denied, suspended, or
revoked if the licensee
a surviving spouse of a deceased agent - answerNorth Carolina insurance law
specifically allows the Commissioner of Insurance to issue a temporary license to which
of the following individuals?
Twisting - answerAn agent inducing an insured to lapse, forfeit, or surrender insurance
through misrepresentation is committing the illegal act of:
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