NORTH DAKOTA CROP INSURANCE EXAM
WITH CORRECT ACTUAL QUESTIONS AND
CORRECTLY WELL DEFINED ANSWERS
LATEST 2025 ALREADY GRADED A+
In the absence of the Commissioner of Insurance, the Deputy Commissioner of
Insurance may sign the commissioners name and perform the statutory duties
of the office.
Missrepresentation - ANSWERS-A false, distorted or deceptive statements.
Defamation - ANSWERS-Oral or written Acts of harming or ruining another's
reputation that is in the insurance business.
Important Dollar Amounts - ANSWERS-$25 : for License Renewal Fee
$10,000 : Maximum fine for violation of (Cease & Desist Order)
, $50,000 : Maximum fine for "willful" violation of insurance code.
$100-$1000 : Civil penalty for insurance code violation
Loss - ANSWERS-The reduction, decrease, or disappearance of value of the
person or property insured in a policy, by a peril insured against.
Stock Companies - ANSWERS-Companies owned by the stockholders whose
investments provide the capital necessary to establish and operate the
insurance company. "Officers are elected by stockholders"
Mutual Companies - ANSWERS-Insurance organizations that have no capital
stock, but are owned by the policyholders.
Fraternal Benefit Societies - ANSWERS-Life or health insurance companies
formed to provide insurance for members of an affiliated lodge, religious
organization, or fraternal organization with a representative form of
government.
A condition that creates or increases the probability of a loss - ANSWERS-
Hazzard
Hazards that increase the possibility of a loss such as flammable substances -
ANSWERS-Physical Hazards
WITH CORRECT ACTUAL QUESTIONS AND
CORRECTLY WELL DEFINED ANSWERS
LATEST 2025 ALREADY GRADED A+
In the absence of the Commissioner of Insurance, the Deputy Commissioner of
Insurance may sign the commissioners name and perform the statutory duties
of the office.
Missrepresentation - ANSWERS-A false, distorted or deceptive statements.
Defamation - ANSWERS-Oral or written Acts of harming or ruining another's
reputation that is in the insurance business.
Important Dollar Amounts - ANSWERS-$25 : for License Renewal Fee
$10,000 : Maximum fine for violation of (Cease & Desist Order)
, $50,000 : Maximum fine for "willful" violation of insurance code.
$100-$1000 : Civil penalty for insurance code violation
Loss - ANSWERS-The reduction, decrease, or disappearance of value of the
person or property insured in a policy, by a peril insured against.
Stock Companies - ANSWERS-Companies owned by the stockholders whose
investments provide the capital necessary to establish and operate the
insurance company. "Officers are elected by stockholders"
Mutual Companies - ANSWERS-Insurance organizations that have no capital
stock, but are owned by the policyholders.
Fraternal Benefit Societies - ANSWERS-Life or health insurance companies
formed to provide insurance for members of an affiliated lodge, religious
organization, or fraternal organization with a representative form of
government.
A condition that creates or increases the probability of a loss - ANSWERS-
Hazzard
Hazards that increase the possibility of a loss such as flammable substances -
ANSWERS-Physical Hazards
