- | Page
NC PERSONAL LINES LICENSE EXAM WITH
ALL CORRECT ANSWERS
The North Carolina Commissioner of Insurance, referred to in the text as the Commissioner, is elected to a _______ year term during each general election. There is no limit on the number of terms the Commissioner may seek office.
- years
The commissioner is empowered to investigate what?to investigate and conduct hearings on any insurance matter in the state including conducting an oral examination and investigation of persons suspected to be involved in unfair competition or deceptive practices.
The NCDOI must examine the records of each Domestic Insurer at least once every ___ years.
- years
- | Page
If a licensee is convicted for any crime other than a motor vehicle infraction, the licensee must notify the Commissioner within _____ days after the conviction.10 days
Each licensee must also give written notification to the NCDOI of any change to their residential address or e-mail address within______ days of the change. Failure to provide the information may result in the licensee having to pay a $____ administrative fee to the NCDOI.-10 Days
-$50.00
Persons suspected of violations of North Carolina insurance law must be given _____ days notice prior to the date of any hearing. The notice must state the reason for the hearing and the charges under investigation by the Commissioner.10 Days
- | Page
Embezzlement of money received is punishable as a FELONY.If the amount embezzled is $100,000 or more it is a Class __ felony. If the amount is under $100,000 it is a Class ___ felony.The -Class C -Class H
Anyone who willfully misstates information in a financial statement required by law is guilty of perjury. The person or entity that made the misstatement is subject to a fine of between $_____and $_____.$2,000 and $10,000
A license may be suspended for a period of ___to___ months for a first offense and ____ year for any further offenses.-1 to 6 Months -1 Year
- | Page
Complaint Records:
These records must be retained for at least ____ years after the final disposition of the complaint.
- years
No insurer may refuse to insure or refuse to continue to insure an individual, limit the amount, extent, or kind of coverage available to an individual, or charge an individual a different rate for the same coverage, SOLELY because of blindness or partial blindness or deafness or partial deafness. True or False.True
When an insurer requires a written proof of loss, the proof of loss form must be furnished by the insurer to the insured within _____ days after the receipt from the insured having given notice of a pending claim.15 days
