Exam (elaborations)
NC Accident and Health or Sickness Agent Exam Prep Questions and Answers 2024
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NC Accident and Health or Sickness Agent Exam Prep
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NC Accident and Health or SicknessAgent Exam Prep
An insurance company that is incorporated in Mississippi is considered what type of
insurer in North Carolina? - answer Foreign
When may the Commissioner of Insurance examine the books and records of an
insurer? - answer whenever he or she deems it necessary
Emil, an agent licensed in North Carolina, moves to a new home on April 30. He is
required to notify the North Carolina Department of Insurance by what date? - answer
May 10
Smith and Thomas are licensed producers. Smith knows that Thomas is embezzling
money from clients. However, Smith does not notify the Commissioner in order to
protect his friend. What is the result? - answer Smith’s license may be revoked.
Acme Insurance and Apogee Insurance agree to offer different premium rates for
persons of equal risk within a particular class. They also agree to limit benefits paid to
insureds within this class if the insureds live in certain counties of North Carolina. What
are Acme and Apogee engaging in? - answerunfair and prohibited business practices
The Commissioner may issue a learner's permit authorizing a person to act as an
adjuster for up to how many days? - answer90
Which of the following is not a reason for license suspension or revocation? -
answersoliciting relatives and friends for insurance
Abby lives in Maryland, where she is licensed as an insurance agent. She wants to
apply for a nonresident license in North Carolina. Which of the following conditions must
she satisfy? - answerShe must show her license to be in good standing in Maryland.
Which remedy does the Commissioner have if a person has violated the Insurance
Information and Privacy Protection Act? - answercease and desist order
When collecting personal financial or health information, an insurance company is
required to do all of the following EXCEPT - answerProvide individuals with copies of
documents disclosed to other parties.
During the application process, ABC Insurers receives personal and confidential
information about Tom, who is applying for a life insurance policy. In which of the
following circumstances must ABC Insurers obtain Tom's written authorization before
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