Personal Lines 2025/2026 Exam
Questions and Verified Answers |
Already Graded A+
The North Carolina Commissioner of Insurance, referred to in the text as
the Commissioner, is elected to a _______ year term during each general
election. There is no limit on the number of terms the Commissioner may
seek office. - 🧠ANSWER ✔✔4 years
The commissioner is empowered to investigate what? - 🧠ANSWER ✔✔to
investigate and conduct hearings on any insurance matter in the state
including conducting an oral examination and investigation of persons
suspected to be involved in unfair competition or deceptive practices.
The NCDOI must examine the records of each Domestic Insurer at least
once every ___ years. - 🧠ANSWER ✔✔5 years
,If a licensee is convicted for any crime other than a motor vehicle infraction,
the licensee must notify the Commissioner within _____ days after the
conviction. - 🧠ANSWER ✔✔10 days
Each licensee must also give written notification to the NCDOI of any
change to their residential address or e-mail address within______ days of
the change. Failure to provide the information may result in the licensee
having to pay a $____ administrative fee to the NCDOI. - 🧠ANSWER ✔✔-
10 Days
-$50.00
Persons suspected of violations of North Carolina insurance law must be
given _____ days notice prior to the date of any hearing. The notice must
state the reason for the hearing and the charges under investigation by the
Commissioner. - 🧠ANSWER ✔✔10 Days
Embezzlement of money received is punishable as a FELONY. If the
amount embezzled is $100,000 or more it is a Class __ felony. If the
amount is under $100,000 it is a Class ___ felony. The - 🧠ANSWER ✔✔-
Class C
-Class H
,Anyone who willfully misstates information in a financial statement required
by law is guilty of perjury. The person or entity that made the misstatement
is subject to a fine of between $_____and $_____. - 🧠ANSWER ✔✔$2,000
and $10,000
A license may be suspended for a period of ___to___ months for a first
offense and ____ year for any further offenses. - 🧠ANSWER ✔✔-1 to 6
Months
-1 Year
Complaint Records:
These records must be retained for at least ____ years after the final
disposition of the complaint. - 🧠ANSWER ✔✔5 years
No insurer may refuse to insure or refuse to continue to insure an
individual, limit the amount, extent, or kind of coverage available to an
individual, or charge an individual a different rate for the same coverage,
SOLELY because of blindness or partial blindness or deafness or partial
deafness. True or False. - 🧠ANSWER ✔✔True
3
COPYRIGHT©JOSHCLAY 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE. PRIVACY
STATEMENT. ALL RIGHTS RESERVED
, When an insurer requires a written proof of loss, the proof of loss form must
be furnished by the insurer to the insured within _____ days after the
receipt from the insured having given notice of a pending claim. -
🧠ANSWER ✔✔15 days
If any person assumes to act either as principal or licensee without license
as required by law the person is deemed guilty of a _______. - 🧠ANSWER
✔✔Class 1 Misdemeanor
Can insurers or insurance producers offer insurance products through a
credit card facility? - 🧠ANSWER ✔✔No they can not
The Commission must meet at least ____times per year. - 🧠ANSWER ✔✔4
times
A Broker must purchase a Surety Bond for no less than $______ per line of
authority. - 🧠ANSWER ✔✔$15,000
Every Insurance producer who solicits or negotiates an application for
insurance of any kind in any controversy between the insured or his
beneficiary and the insurer is regarded as representing whom? -
🧠ANSWER ✔✔the insurer and not the insured or his beneficiary.
Questions and Verified Answers |
Already Graded A+
The North Carolina Commissioner of Insurance, referred to in the text as
the Commissioner, is elected to a _______ year term during each general
election. There is no limit on the number of terms the Commissioner may
seek office. - 🧠ANSWER ✔✔4 years
The commissioner is empowered to investigate what? - 🧠ANSWER ✔✔to
investigate and conduct hearings on any insurance matter in the state
including conducting an oral examination and investigation of persons
suspected to be involved in unfair competition or deceptive practices.
The NCDOI must examine the records of each Domestic Insurer at least
once every ___ years. - 🧠ANSWER ✔✔5 years
,If a licensee is convicted for any crime other than a motor vehicle infraction,
the licensee must notify the Commissioner within _____ days after the
conviction. - 🧠ANSWER ✔✔10 days
Each licensee must also give written notification to the NCDOI of any
change to their residential address or e-mail address within______ days of
the change. Failure to provide the information may result in the licensee
having to pay a $____ administrative fee to the NCDOI. - 🧠ANSWER ✔✔-
10 Days
-$50.00
Persons suspected of violations of North Carolina insurance law must be
given _____ days notice prior to the date of any hearing. The notice must
state the reason for the hearing and the charges under investigation by the
Commissioner. - 🧠ANSWER ✔✔10 Days
Embezzlement of money received is punishable as a FELONY. If the
amount embezzled is $100,000 or more it is a Class __ felony. If the
amount is under $100,000 it is a Class ___ felony. The - 🧠ANSWER ✔✔-
Class C
-Class H
,Anyone who willfully misstates information in a financial statement required
by law is guilty of perjury. The person or entity that made the misstatement
is subject to a fine of between $_____and $_____. - 🧠ANSWER ✔✔$2,000
and $10,000
A license may be suspended for a period of ___to___ months for a first
offense and ____ year for any further offenses. - 🧠ANSWER ✔✔-1 to 6
Months
-1 Year
Complaint Records:
These records must be retained for at least ____ years after the final
disposition of the complaint. - 🧠ANSWER ✔✔5 years
No insurer may refuse to insure or refuse to continue to insure an
individual, limit the amount, extent, or kind of coverage available to an
individual, or charge an individual a different rate for the same coverage,
SOLELY because of blindness or partial blindness or deafness or partial
deafness. True or False. - 🧠ANSWER ✔✔True
3
COPYRIGHT©JOSHCLAY 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE. PRIVACY
STATEMENT. ALL RIGHTS RESERVED
, When an insurer requires a written proof of loss, the proof of loss form must
be furnished by the insurer to the insured within _____ days after the
receipt from the insured having given notice of a pending claim. -
🧠ANSWER ✔✔15 days
If any person assumes to act either as principal or licensee without license
as required by law the person is deemed guilty of a _______. - 🧠ANSWER
✔✔Class 1 Misdemeanor
Can insurers or insurance producers offer insurance products through a
credit card facility? - 🧠ANSWER ✔✔No they can not
The Commission must meet at least ____times per year. - 🧠ANSWER ✔✔4
times
A Broker must purchase a Surety Bond for no less than $______ per line of
authority. - 🧠ANSWER ✔✔$15,000
Every Insurance producer who solicits or negotiates an application for
insurance of any kind in any controversy between the insured or his
beneficiary and the insurer is regarded as representing whom? -
🧠ANSWER ✔✔the insurer and not the insured or his beneficiary.
