NORTH CAROLINA HEALTH INSURANCE
STATE 2026 PRACTICE TESTED QUESTIONS
FINAL PAPER GRADED A+
⩥ The Life and Health Insurance Guaranty Association is funded by
authorized insurers in this state. One of the roles of this organization is
to.
Answer: Assist in the prevention of insurer insolvencies
⩥ An Accident/Health policyholder has ___ days to return the policy and
receive a full refund on premiums.
Answer: 10
⩥ S is a life insurance policyowner and enters into a written agreement
to receive immediate cash in exchange for the sale and transfer of her
life insurance policy. This agreement is referred to as a(n).
Answer: Viatical Settlement
⩥ Before an insurer can increase the rates for individual accident and
health policyowners, the insurer must provide written notice at least ___
days before the effective rate increase.
Answer: 30
, ⩥ How long must every insurance agent maintain all records, books, and
documents related to each insurance transaction?.
Answer: 5 years
⩥ The commissioner of Insurance has notified an insurer that an
Individual Health Policy form does not comply with North Carolina
laws. The insurer may.
Answer: Not issue the form in connection with any new application
⩥ Insurance agent licenses normally must be renewed every.
Answer: 2 years
⩥ Which of these circumstances REQUIRE an insurer to clearly specify
questions designed to obtain information solely for marketing research?.
Answer: Any insurance transaction
⩥ Which of the following is an effort to influence a person to buy an
insurance product from you?.
Answer: Soliciting
⩥ A health insurance policy applicant unintentionally fails to list a
previous visit to a neurologist. If the policy is issued and the insurer later
decides to contest the policy, it must do so.
Answer: within 2 years from the date of issue
STATE 2026 PRACTICE TESTED QUESTIONS
FINAL PAPER GRADED A+
⩥ The Life and Health Insurance Guaranty Association is funded by
authorized insurers in this state. One of the roles of this organization is
to.
Answer: Assist in the prevention of insurer insolvencies
⩥ An Accident/Health policyholder has ___ days to return the policy and
receive a full refund on premiums.
Answer: 10
⩥ S is a life insurance policyowner and enters into a written agreement
to receive immediate cash in exchange for the sale and transfer of her
life insurance policy. This agreement is referred to as a(n).
Answer: Viatical Settlement
⩥ Before an insurer can increase the rates for individual accident and
health policyowners, the insurer must provide written notice at least ___
days before the effective rate increase.
Answer: 30
, ⩥ How long must every insurance agent maintain all records, books, and
documents related to each insurance transaction?.
Answer: 5 years
⩥ The commissioner of Insurance has notified an insurer that an
Individual Health Policy form does not comply with North Carolina
laws. The insurer may.
Answer: Not issue the form in connection with any new application
⩥ Insurance agent licenses normally must be renewed every.
Answer: 2 years
⩥ Which of these circumstances REQUIRE an insurer to clearly specify
questions designed to obtain information solely for marketing research?.
Answer: Any insurance transaction
⩥ Which of the following is an effort to influence a person to buy an
insurance product from you?.
Answer: Soliciting
⩥ A health insurance policy applicant unintentionally fails to list a
previous visit to a neurologist. If the policy is issued and the insurer later
decides to contest the policy, it must do so.
Answer: within 2 years from the date of issue
