ACCIDENT HEALTH LAWS EXAM SCRIPT UPDATED COMPLETE QUESTIONS AND ANSWERS

ACCIDENT HEALTH LAWS EXAM SCRIPT
UPDATED COMPLETE QUESTIONS AND
ANSWERS

●● An "alien company" is a company incorporated under the laws of any
jurisdiction inside of the United States
Answer: False


●● The NAIC stands for the National Association of Insurance
Commissioners.
Answer: True


●● A "Department" refers to which of the following:
Answer: The Department of Insurance of NC


●● A "domestic company" is a company incorporated or organized
under the laws of NC
Answer: True


●● The NC Commissioner of Insurance heads the state Department of
Insurance and is responsible for all of the following except:
Answer: Licensing physicians

, ●● A licensee must give written notification of a change in address or e-
email within 10 business days
Answer: True


●● A person who violates NC insurance law may be required to pay
restitution in an amount that would make whole any person harmed by
the violation
Answer: True


●● It is a _____ felony when any person deceives an insurer by
knowingly presenting a false statement as part of a claim for payment.
Answer: Class H


●● Each insurer or its agents must maintain an itemization log of every
written complaint.
Answer: True


●● It is a Class 1 misdemeanor for any person without the appropriate
license to do which of the following
Answer: all of the below
- Act as an agent
- Collect an insurance premium
- Adjust any loss