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NC Statutes and Regulations for Accident and Sickness Only

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Created on May 16, 2023

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Transcript

NC Statutes and Regulations for Accident and Sickness Only

start

Question 1/10

David is an insurer with a home office in North Carolina. What type of insurer is David? Select 1 option.

Check!

Domestic insurer

Foreign insurer

Unauthorized insurer

Alien insurer

Question 1/10

David is an insurer with a home office in North Carolina. What type of insurer is David? Select 1 option.

Check!

Domestic insurer

Foreign insurer

Unauthorized insurer

Alien insurer

Question 2/10

Jenny is an insurer with a home office in another state. What type of insurer is Jenny? Select 1 option.

Domestic insurer

Foreign insurer

Unauthorized insurer

Alien insurer

Question 2/10

If the premium has not been paid by the end of the policy's grace period, what provision stipulates under what conditions the insured may reinstate their coverage? Select 1 option.

Domestic insurer

Foreign insurer

Unauthorized insurer

Alien insurer

Question 3/10

Aubrey is an insurer with a home office in another country but is authorized to do business in North Carolina. What type of insurer is Aubrey? Select 1 option.

Domestic insurer

Foreign insurer

Unauthorized insurer

Alien insurer

Question 3/10

Aubrey is an insurer with a home office in another country but is authorized to do business in North Carolina. What type of insurer is Aubrey? Select 1 option.

Domestic insurer

Foreign insurer

Unauthorized insurer

Alien insurer

Question 4/10

Leonard’s company is transacting business without a license in North Carolina. What type of insurer is Leonard’s company? Select 1 option.

Domestic insurer

Foreign insurer

Unauthorized insurer

Alien insurer

Question 4/10

Leonard’s company is transacting business without a license in North Carolina. What type of insurer is Leonard’s company? Select 1 option.

Domestic insurer

Foreign insurer

Unauthorized insurer

Alien insurer

Question 5/10

How many years is the commissioner’s term in office in North Carolina? Select 1 option.

1 year

2 years

3 years

4 years

Question 5/10

How many years is the commissioner’s term in office in North Carolina? Select 1 option.

1 year

2 years

3 years

4 years

Question 6/10

There are certain requirements that need to be met to obtain an agent’s license. Which of the following is not true? Select 1 option.

Complete a pre-licensing training

Be a good person

Pass the examination

Must be 20 years old

Question 6/10

There are certain requirements that need to be met to obtain an agent’s license. Which of the following is not true? Select 1 option.

Complete a pre-licensing training

Be a good person

Pass the examination

Must be 20 years old

Question 7/10

What do you call a person that represents the insurer? Select 1 option.

Write the correct option here Lorem ipsum dolor sit amet

Broker

Agent

Write the wrong option here Lorem ipsum dolor sit amet

Insured

Write the wrong option here Lorem ipsum dolor sit amet

Policyholder

Question 7/10

What do you call a person that represents the insurer? Select 1 option.

Write the correct option here Lorem ipsum dolor sit amet

Broker

Agent

Write the wrong option here Lorem ipsum dolor sit amet

Insured

Write the wrong option here Lorem ipsum dolor sit amet

Policyholder

Question 8/10

Paperwork related to the completion of continuing education must be kept for how many years? Select 1 option.

Pay attention!

Question 8/10

Paperwork related to the completion of continuing education must be kept for how many years? Select 1 option.

Pay attention!

Question 9/10

What is the aggregate limit of liability per individual of the Life and Health Insurance Guaranty Association? Select 1 option.

$200,000

$250,000

$300,000

$350,000

Question 9/10

What is the aggregate limit of liability per individual of the Life and Health Insurance Guaranty Association? Select 1 option.

$200,000

$250,000

$300,000

$350,000

Question 10/10

A temporary license is good for how many days? Select 1 option.

Write the correct option here Lorem ipsum dolor sit amet

90 days

Write the wrong option here Lorem ipsum dolor sit amet

120 days

Write the wrong option here Lorem ipsum dolor sit amet

180 days

Write the wrong option here Lorem ipsum dolor sit amet

240 days

Question 10/10

What is a set dollar amount that the insured shares part of the cost of services with the insurer called? Select 1 option.

Write the correct option here Lorem ipsum dolor sit amet

90 days

Write the wrong option here Lorem ipsum dolor sit amet

120 days

Write the wrong option here Lorem ipsum dolor sit amet

180 days

Write the wrong option here Lorem ipsum dolor sit amet

240 days

Congrats!

You should now feel more comfortable with health policy provisions, clauses, and riders.

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