Maine Property and Casualty Insurance Exam Questions and Answers

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Maine Property and Casualty Insurance
Exam Flashcards Questions and Answers

The Superintendent of Insurance is appointed by the governor for
how many years?
A: 4 years
B: 5 years
C: 6 years
D: 3 years
Ans: A: 4 years

Insurers must be examined at least once every how many years?
A: 4 to 6 years
B: 2 to 4 years
C: 5 to 7 years
D: 3 to 5 years
Ans: D: 3 to 5 years

Hearings must be held within how many days after a hearing
application is filed?
A: 40 days
B: 20 days
C: 30 days
D: 25 days
Ans: C: 30 days

Notice of hearing must be given how many days in advance?
A: 10 days
B: 7 days
C: 14 days
D: 21 days


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Ans: C: 14 days

A Superintendent's order may be appealed within how many days
by a person party to the hearing?
A: 15 days
B: 30 days
C: 45 days
D: 60 days
Ans: B: 30 days

For Superior Court Civil Penalties for Insurance Code Violations
what is the minimum fine per violation for individuals?
A: $250
B: $750
C: $1,000
D: $500
Ans: D: $500

For Superior Court Civil Penalties for Insurance Code Violations
what is the maximum fine per violation for individuals?
A: $7,500
B: $3,000
C: $5,000
D: $10,000
Ans: C: $5,000

For Superior Court Civil Penalties for Insurance Code Violations
what is the minimum fine per violation for corporations?
A: $2,000
B: $3,000
C: $4,000
D: $1,000
Ans: A: $2,000

For Superior Court Civil Penalties for Insurance Code Violations
what is the maximum fine per violation for corporations?
© 2025 All rights reserved