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North Carolina Laws and Rules Questions and Answers 100% Verified
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North Carolina Laws and Rules
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North Carolina Laws and RulesA broker's license must be renewed annually by: - answer April 1st
Which of these actions is not considered an act of rebating? - answer Sharing
commissions with other licensed and appointed agents
In North Carolina, an agent obtains his/her license from the - answer Commissioner of
insurance
T is employees by an amusement park from June through September, working 50 hours
per week. The amusement parks group policy would - answer Consider T not eligible for
the insurance because as a seasonal employee, T does not meet the definition of
employee under North Carolina law
Before an insurer can increase the rates for individual accident and health policy own
fees, the insurer must provide written notice at least ____ days before the effective rate
increase. - answer30
The commissioner of insurance has notified and insured that an individual health policy
form does not comply with North Carolina laws. The insurer may - answerNot issue the
form in connection with any new application
K sent a renewal premium payment to her insurer that would extend her coverage
beyond the policy's maximum age limit. If the insurer accepts this premium payment, it -
answerMust continue the coverage to the end of the period of time for which the
premium was accepted.
The commissioner of insurance has the authority to examine the business records of all
of the following entities except - answerLife insurance master policy holders
The life and health insurance guaranty Association in North Carolina has regulations
that apply only to - answerLife and health policy is issued by companies authorized in
North Carolina
What is the minimum age for an individual to be a license North Carolina insurance
agent - answer18
In North Carolina, which of the following is required in order to continue a resident
insurance agent license? - answerMeeting continuing education requirements
, An example of an unfair claims settlement practice is - answerturning down a claim
without providing the basis of denial
Essential benefits without annual and lifetime limits are required on any health policy
purchased - answerthrough the Federal Marketplace
Chemical dependency treatment under a group health policy must include (over the life
of the contract) a minimum benefit of - answer$16,000
In North Carolina, which of the following must be delivered to a policy owner upon the
sale of an individual life insurance policy? - answerA policy summary and buyers guide
And insurance applicant was recently denied insurance coverage. The applicant is
requesting access from the insured to recorded personal information regarding this
decision. Under the information and privacy protection act, the insurer must make the
information available within ____ business days. - answer30
ABC insurance company fails to pay death proceeds after satisfactory proof of loss was
submitted. ABC must then begin paying interest on the death proceeds after ____ days
of receiving proof of loss. - answer30
XYZ insurance company would like to begin conducting business in North Carolina.
Before XYZ can issue or deliver a health policy, the form, classification of risk, and
premium rates must be filed with the - answerCommissioner of insurance
According to North Carolina law, group life insurance conversion privileges must not -
answerRequire evidence of insurability
A terminated employee must have been covered at least ____ Months under a group
health insurance policy immediately prior to termination in order to be eligible for
continuation of coverage. - answer3
A health insurance policy applicant unintentionally fails to list a previous visit to a
neurologist. If the policy is issued in the insurer later decides to contest the policy, it
must do so - answerWithin two years from the date of issue
If an agent is found to be incompetent, untrustworthy, or financially irresponsible, the
commissioner may - answerSuspend revoke or refuse to renew the agents license
An applicant may not be refused insurance coverage due to - answerRace
An applicant for a non-resident agent license must meet which of the following
requirements - answerBe licensed as an agent in the producers state of domicile
Which of the following must be included with the continuation of coverage of a group
hospital, surgical, and major medical policy? - answerHospital expenses
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