CASUALTY STATE REVIEW SHEET
2026 FULL QUESTIONS AND
CORRECT ANSWERS
◉ A major factor in determining insurance premiums is: Answer: a.
beneficiary designations
b. assignment provisions
(C) expenses of the insurer
d. expenses of the agent
◉ A third party administrator of a self-insured workers comp. plan does
all of the following EXCEPT: Answer: a. enroll the group members
b. collect premiums from group members
c. process claims of group members
(D) insure the group members
◉ Agent Z takes an application for a policy & accepts a check for the
first premium. The application & check are mailed to the insurer, who
discovers the check is not signed, when will coverage for this policy go
into effect? Answer: a. when the application & unsigned check are
received by the insurer.
b. the date of the postmark on the envelope that contained the
application
, c. never; the policy will not be issued
(D) when the policy is issued, delivered & the premium is paid.
◉ All of the following apply to the Safe Driver Incentive Plan EXCEPT:
Answer: a. newly licensed driver may be surcharged even without any
violations
b. a minor accident with property damage only usually will not result in
a surcharge
c. speeding violation of less than 10 miles over the limit
(D) a conviction of failing to wear a seat belt will result in a surcharge
for 3 years
◉ All of the following are true for resident NC agents EXCEPT:
Answer: (A) maintain an office in NC
b. pay taxes in NC
c. at least 18 years of age
d. pass the required exam
◉ All of the following could be considered unfair claim settlement
practices EXCEPT: Answer: a. requiring the insured to submit more
than one claim form containing the same information
b. sending settlement without explaining why it is less than the amount
of the claim
c. compelling insureds to sue for benefits that a reasonable person
would have expected
(D) denying a claim after a proper investigation