Exam (elaborations)
NC Accident and Health or Sickness Agent Exam Prep Questions and Answers 2024
- Course
- Institution
NC Accident and Health or Sickness Agent Exam Prep
[Show more]
Content preview
NC Accident and Health or SicknessAgent Exam Prep
An insurance company that is incorporated in Mississippi is considered what type of
insurer in North Carolina? - answer Foreign
When may the Commissioner of Insurance examine the books and records of an
insurer? - answer whenever he or she deems it necessary
Emil, an agent licensed in North Carolina, moves to a new home on April 30. He is
required to notify the North Carolina Department of Insurance by what date? - answer
May 10
Smith and Thomas are licensed producers. Smith knows that Thomas is embezzling
money from clients. However, Smith does not notify the Commissioner in order to
protect his friend. What is the result? - answer Smith’s license may be revoked.
Acme Insurance and Apogee Insurance agree to offer different premium rates for
persons of equal risk within a particular class. They also agree to limit benefits paid to
insureds within this class if the insureds live in certain counties of North Carolina. What
are Acme and Apogee engaging in? - answerunfair and prohibited business practices
The Commissioner may issue a learner's permit authorizing a person to act as an
adjuster for up to how many days? - answer90
Which of the following is not a reason for license suspension or revocation? -
answersoliciting relatives and friends for insurance
Abby lives in Maryland, where she is licensed as an insurance agent. She wants to
apply for a nonresident license in North Carolina. Which of the following conditions must
she satisfy? - answerShe must show her license to be in good standing in Maryland.
Which remedy does the Commissioner have if a person has violated the Insurance
Information and Privacy Protection Act? - answercease and desist order
When collecting personal financial or health information, an insurance company is
required to do all of the following EXCEPT - answerProvide individuals with copies of
documents disclosed to other parties.
During the application process, ABC Insurers receives personal and confidential
information about Tom, who is applying for a life insurance policy. In which of the
following circumstances must ABC Insurers obtain Tom's written authorization before
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller julianah420. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $14.99. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
82871 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now