6. INSURANCE REGULATION
QUESTIONS WITH CORRECT
ANSWERS!!
In New Hampshire, once the insurer has received the proof of Loss, how long does
it have to pay a fire insurance claim?
A. 60 days
B. One week
C. 48 hours
D. 45 days - ANSWERA. 60 days
When paying a claim, the insurer should always include:
A. a complete copy of the entire claim file.
B. a statement releasing the insurer from any further obligation.
C. contact information for an arbitrator in case the claimant disagrees.
D. an explanation of the amount and the coverage providing it. - ANSWERD. an
explanation of the amount and the coverage providing it.
In New Hampshire, an insurer may not cancel or refuse to renew an insurance policy
because the insured:
A. did not pay the premium.
B. violated a policy condition.
C. filed a claim.
D. misrepresented facts on the application. - ANSWERC. filed a claim.
Which of the following is NOT a requirement to be eligible for an adjuster license in
New Hampshire?
A. Obtain a $1,000 surety bond
B. Pay a $75 fee
C. Pass the required examination
D. Be at least 18 years of age - ANSWERA. Obtain a $1,000 surety bond
If the Insurance Commissioner finds an adjuster guilty of committing an act that is
prohibited under New Hampshire insurance law, the Commissioner may take any of
the following actions, EXCEPT:
A. serve the adjuster with a cease and desist order.
B. revoke the adjuster's license.
C. fine the adjuster no more than $500 for each violation.
QUESTIONS WITH CORRECT
ANSWERS!!
In New Hampshire, once the insurer has received the proof of Loss, how long does
it have to pay a fire insurance claim?
A. 60 days
B. One week
C. 48 hours
D. 45 days - ANSWERA. 60 days
When paying a claim, the insurer should always include:
A. a complete copy of the entire claim file.
B. a statement releasing the insurer from any further obligation.
C. contact information for an arbitrator in case the claimant disagrees.
D. an explanation of the amount and the coverage providing it. - ANSWERD. an
explanation of the amount and the coverage providing it.
In New Hampshire, an insurer may not cancel or refuse to renew an insurance policy
because the insured:
A. did not pay the premium.
B. violated a policy condition.
C. filed a claim.
D. misrepresented facts on the application. - ANSWERC. filed a claim.
Which of the following is NOT a requirement to be eligible for an adjuster license in
New Hampshire?
A. Obtain a $1,000 surety bond
B. Pay a $75 fee
C. Pass the required examination
D. Be at least 18 years of age - ANSWERA. Obtain a $1,000 surety bond
If the Insurance Commissioner finds an adjuster guilty of committing an act that is
prohibited under New Hampshire insurance law, the Commissioner may take any of
the following actions, EXCEPT:
A. serve the adjuster with a cease and desist order.
B. revoke the adjuster's license.
C. fine the adjuster no more than $500 for each violation.
