New Hampshire Prop/Cas Chapter 1
Exam Questions and Answers (Solved
Papers)
Purpose of Licensing - Correct Answers ✅ensure the
individuals transacting insurance are suitable and will act in
good faith. Lic remain valid until cancelled, expired or
revoked. Renew every two years.
Process of becoming licensed - Correct Answers ✅must
pass a written exam admin by approved state of NH ins
department. must be 18/older, must not hae committed any
act ground for denial or a felony, paid correct fees, suitable
person and will act in good faith. then apply for licensing
using the app approved for use in NH.
Producer - Correct Answers ✅a person licensed in the
capacity of an agent or broker who sells, solicits or negotiates
insurance contracts.
Producer with appointment: - Correct Answers ✅a
producer who has received an agency appt with an insurance
company and therefore reps that insurance company and
carrier.
Business Entity - Correct Answers ✅b.e. acting as a
producer - commissioner must find that the entity has paid
the fees, designated a licensed producer responsible for the
b.e. compliance with the insurance laws rules and regs of NH.
, New Hampshire Prop/Cas Chapter 1
Exam Questions and Answers (Solved
Papers)
Fin. Ins licensed to sell insurance - Correct Answers
✅purpose of the law is to regulate the solicitation of
insurance by financial institutions in places with a population
of 5k or less. authorized the commissioner to adopt any rules
to protect the public & maintain the equality between the
insurance powers of the state and federally chartered finan.
ins. they cannot require or imply that the purchase of
insurance by a customer is required as a condition for a loan.
Violation is subject to fine no more than 2500.
Resident vs nonresident - Correct Answers ✅resident is
someone who resides in NH. ind an be licensed as a
nonresident in NH if they are currently licensed in good
standing in their home state. submits a request, has sent
his/her home state app or a completed uniform application
and paid the correct fees to the state of nh and lives in a
state that gives nonres producer licenses to residents of Nh
on the same basis.
Resident or non resident moves - Correct Answers ✅must
file a change of address within 30 days. a nonres producers
satisfaction of CE in his home state will satisfy NH as long as
a the state would do the same for NH.
Non residents - Correct Answers ✅still have the exam
requirements but it can be waived if they have had their
license for six months or more in their home state
Exam Questions and Answers (Solved
Papers)
Purpose of Licensing - Correct Answers ✅ensure the
individuals transacting insurance are suitable and will act in
good faith. Lic remain valid until cancelled, expired or
revoked. Renew every two years.
Process of becoming licensed - Correct Answers ✅must
pass a written exam admin by approved state of NH ins
department. must be 18/older, must not hae committed any
act ground for denial or a felony, paid correct fees, suitable
person and will act in good faith. then apply for licensing
using the app approved for use in NH.
Producer - Correct Answers ✅a person licensed in the
capacity of an agent or broker who sells, solicits or negotiates
insurance contracts.
Producer with appointment: - Correct Answers ✅a
producer who has received an agency appt with an insurance
company and therefore reps that insurance company and
carrier.
Business Entity - Correct Answers ✅b.e. acting as a
producer - commissioner must find that the entity has paid
the fees, designated a licensed producer responsible for the
b.e. compliance with the insurance laws rules and regs of NH.
, New Hampshire Prop/Cas Chapter 1
Exam Questions and Answers (Solved
Papers)
Fin. Ins licensed to sell insurance - Correct Answers
✅purpose of the law is to regulate the solicitation of
insurance by financial institutions in places with a population
of 5k or less. authorized the commissioner to adopt any rules
to protect the public & maintain the equality between the
insurance powers of the state and federally chartered finan.
ins. they cannot require or imply that the purchase of
insurance by a customer is required as a condition for a loan.
Violation is subject to fine no more than 2500.
Resident vs nonresident - Correct Answers ✅resident is
someone who resides in NH. ind an be licensed as a
nonresident in NH if they are currently licensed in good
standing in their home state. submits a request, has sent
his/her home state app or a completed uniform application
and paid the correct fees to the state of nh and lives in a
state that gives nonres producer licenses to residents of Nh
on the same basis.
Resident or non resident moves - Correct Answers ✅must
file a change of address within 30 days. a nonres producers
satisfaction of CE in his home state will satisfy NH as long as
a the state would do the same for NH.
Non residents - Correct Answers ✅still have the exam
requirements but it can be waived if they have had their
license for six months or more in their home state
