Free Nebraska Property practice questions

Answer: D. Twenty-one hours

A licensee who is not an insurance producer must complete twenty-one hours of approved continuing education in each two-year period beginning on or after January 1, 2000. A consultant who holds no producer license is such a licensee. Three, six, and twelve hours are not the requirement this subdivision sets for that licensee.

Answer: B. No, because it reaches only licensees who deal solely in travel insurance

The exception covers licensees who sell or consult only in travel insurance. This licensee also sells homeowners and personal auto coverage, so the exception does not reach it. The statute contains no partial exception based on selling some travel insurance, on the share of sales that travel represents, or on notice to the director.

Answer: B. Attending a formal association meeting at which a formal business program is presented

Nebraska defines active participation in three ways: attending a formal meeting of such an association at which a formal business program is presented; serving on the association's board or a formal committee and taking part in its work; or taking part in industry, regulatory, or legislative meetings held by or for the association. The formal meeting with a business program fits the first. A luncheon with no business program lacks the program the definition requires. Holding a membership by itself is not attendance, service, or participation. A meeting run by an insurer with no association involvement is not held by or on behalf of a professional insurance association.

Answer: C. It earns no credit, since repeating an activity in one period is barred

Section 44-3904(1)(d) bars a licensee from taking the same activity for credit twice within one two-year period, so the October completion counts for nothing. Separate attendance does not change that, because the bar is on repeating the activity itself. An extension of time under 44-3907 gives more time to finish requirements; it does not authorize repeat credit. Nothing in the subdivision redirects a repeated activity toward the ethics hours.

Answer: B. Fifteen working days

Section 44-3905(1)(c) lists grounds on which the director may impose an administrative penalty on a sponsor and, after notice and hearing, remove it from the approved sponsor list. One ground, at item (xv), is failing to respond to the department within fifteen working days after receiving its inquiry. The period is counted in working days, so fifteen calendar days is wrong, and ten working days and thirty calendar days are not the period the provision uses.

Answer: B. 24 hours

Section 44-3904(1)(c) requires each licensee to give the director evidence of the hours completed for every line held, but it caps the total: for any two-year period beginning on or after January 1, 2000, a licensee cannot be required to complete more than 24 cumulative hours under subsection (1). 21 hours is the base requirement for the major lines, not the ceiling. 27 hours adds the three ethics hours, which come from subsection (2) and are excluded by the stem. 30 hours ignores the cap entirely.

Answer: A. Three hours

A licensee qualified to solicit only crop insurance has a three-hour requirement in each two-year period. Twenty-one hours applies to life, accident and health or sickness, property, casualty, and personal lines licensees, and six hours per line applies to lines covered by a different subdivision; neither governs a crop-only licensee. Twelve hours is not a figure the statute sets for crop insurance.

Answer: B. 6 hours in total, however many associations

Section 44-3904(3)(a) caps active-participation credit at six hours per two-year period no matter how many associations the licensee is active in. Eighteen hours multiplies the cap by the number of associations, which the statute forbids. Twelve hours invents a two-association allowance that the text does not contain. Twenty-one hours is wrong because active participation can be approved for at most six hours toward that requirement.

Answer: D. June 1, 2022

Section 44-3905(1)(b) sets the expiration of an activity approved before January 1, 2019 at January 1, 2020 or four years after the approval date, whichever comes later. Four years after June 1, 2018 is June 1, 2022, which is later than January 1, 2020, so June 1, 2022 controls. January 1, 2020 is the earlier of the two dates and therefore does not apply. June 1, 2020 and January 1, 2023 match neither date the statute names.

Answer: D. The twenty-one-hour requirement for property, casualty and similar lines

Section 44-3904(3)(a) lets active participation be approved for up to six hours applied to the twenty-one-hour requirement, for a licensee who is a member of a professional insurance association. The same subdivision says active-participation credit may not be used for other continuing education requirements or for the three-hour ethics requirement, which disposes of the ethics, crop-only and miscellaneous-line choices.