Property & Casualty Michigan Practice
Exam Questions and Answers
2026/2027 With 100% Complete
Solutions.
$50,000 - correct answer -If a person knowingly violates a cease and desist order,
the Commissioner amy order a civil fine of up to how many dollars in TOTAL for
ALL violations?
$500 - correct answer -Misrepresentation of the identity of the insurer is a
misdemeanor with a maximum fine of how much?
1 - correct answer -Twisting / Misrepresentations carry how many years license
revocation?
15% - correct answer -A CONTROLLED BUSINESS cannot exceed what percentage
of total premiums within a 12 month period?
$10 - correct answer -How much of REBATING of tokens / merchandise to
applicants is ALLOWED in PROPERTY / CASUALTY?
,$100 - correct answer -What is the REBATING fine per violation for inducement
$100 - correct answer -What is the fine for ACCEPTING a rebate?
12% - correct answer -What percentage interest must an insurer pay it's insured if
claims are not paid on a timely basis?
45 - correct answer -Health Care providers have how many days to pay claims?
30 - correct answer -Essential Insurance Act says you must give how many days
WRITTEN NOTICE to the insured prior to cancellation?
20 - correct answer -A notice of termination must be sent within the first 55 days
of policy issuance may take effect no less than _____________ days from the date
of mailing.
10 - correct answer -Casualty insurance notice of termination must be MAILED at
least ________________ days prior to cancellation.
, 2 - correct answer -DP 1 AND HO 1 allows action brought within ____________
years after date of loss!
30 - correct answer -DP 1 AND HO 1 satates that the insurer must make payment
within ___________________ days of proof of loss.
$5000 - correct answer -What is the maximum DEATH BENEFIT on a PIP policy?
85% - correct answer -Under Automobile Insurance (PIP), you can recieve what
percenate of income for up to three years?
3 - correct answer -Under Automobile Insurance (PIP), you can recieve 85% of
your income for up to how many years?
20 - correct answer -PIP will pay up to how any dollars per day for three years for
loss of essential services?
300 - correct answer -What is the MAXIMUM PIP deductible per accident?
Exam Questions and Answers
2026/2027 With 100% Complete
Solutions.
$50,000 - correct answer -If a person knowingly violates a cease and desist order,
the Commissioner amy order a civil fine of up to how many dollars in TOTAL for
ALL violations?
$500 - correct answer -Misrepresentation of the identity of the insurer is a
misdemeanor with a maximum fine of how much?
1 - correct answer -Twisting / Misrepresentations carry how many years license
revocation?
15% - correct answer -A CONTROLLED BUSINESS cannot exceed what percentage
of total premiums within a 12 month period?
$10 - correct answer -How much of REBATING of tokens / merchandise to
applicants is ALLOWED in PROPERTY / CASUALTY?
,$100 - correct answer -What is the REBATING fine per violation for inducement
$100 - correct answer -What is the fine for ACCEPTING a rebate?
12% - correct answer -What percentage interest must an insurer pay it's insured if
claims are not paid on a timely basis?
45 - correct answer -Health Care providers have how many days to pay claims?
30 - correct answer -Essential Insurance Act says you must give how many days
WRITTEN NOTICE to the insured prior to cancellation?
20 - correct answer -A notice of termination must be sent within the first 55 days
of policy issuance may take effect no less than _____________ days from the date
of mailing.
10 - correct answer -Casualty insurance notice of termination must be MAILED at
least ________________ days prior to cancellation.
, 2 - correct answer -DP 1 AND HO 1 allows action brought within ____________
years after date of loss!
30 - correct answer -DP 1 AND HO 1 satates that the insurer must make payment
within ___________________ days of proof of loss.
$5000 - correct answer -What is the maximum DEATH BENEFIT on a PIP policy?
85% - correct answer -Under Automobile Insurance (PIP), you can recieve what
percenate of income for up to three years?
3 - correct answer -Under Automobile Insurance (PIP), you can recieve 85% of
your income for up to how many years?
20 - correct answer -PIP will pay up to how any dollars per day for three years for
loss of essential services?
300 - correct answer -What is the MAXIMUM PIP deductible per accident?
