insurance ch 9 part 1

Violating the law regarding a licensee's change of address results in a fee of:

$50

The Commissioner may issue a temporary insurance producer license for a period not to exceed:

180 days

What is an agreement by which the insurer is bound to pay money as reimbursement for the destruction, loss, or injury of something in which the other party has an interest?

A contract of insurance

Group policies must define all the following, EXCEPT:

Accidental sickness

Is a person whose activities in North Carolina are limited to advertising without the intent to solicit insurance in North Carolina exempt from agent licensing?

Always

An unlicensed person who solicits or negotiates insurance is considered:

An agent

nsurers must submit renewals of agent appointments to the Commissioner by:

April 1st of each year

A person who intentionally misstates financial information is guilty of a:

Class I felony

In North Carolina, what is the rule on discounts on insurance premiums?

Discounts must be named in the policy.

What is an incorporated society, order or supreme lodge, without capital stock, conducted solely for the benefit of its members and their beneficiaries and not for profit, operated on a lodge system with ritualistic form of work, having a representative form of government, and which provides benefits to its members?

Fraternal benefit society

What unfair trade practice manipulates through the threat of a negative result?

Intimidation

Who provides funding for the North Carolina Life and Health Insurance Guaranty Association?

Member companies

An individual's personal information includes all the following, EXCEPT:

Privileged information

All of the following acts are considered unfair trade practices, EXCEPT:

Replacement

Who of the following must be licensed in North Carolina?

Select one: a. Agents b. Brokers c. Limited representatives d. All of the above D all the above

If an applicant has not fully met the requirements for licensing, who issues the denial?

The Commissioner

What happens if a vacancy occurs during the North Carolina Insurance Commissioner's term?

The Governor fills the position.

Insurance advertisements must not be:

Untrue, deceptive, or misleading

Limited line credit insurance includes all the following, EXCEPT:

Variable life insurance

What is the only instance when blank insurance policies can be countersigned?

When they are sold through coin operated machines