A producer terminated for cause receives from the insurer a copy of the termination notification it sent to the Commissioner. The producer disagrees with how the notification describes the reasons. What does RSA 402-J:15 allow the producer to do?

File written comments with the Commissioner within 30 days, sending a copy to the insurer at the same time

A resident New Hampshire producer is preparing to renew a license. Under Ins 1302.03, the approved continuing education hours counted toward renewal must have been completed during which period?

The preceding 24 months, no later than 60 days before renewal

A producer urges a colleague to hand out a pamphlet that falsely and maliciously attacks a rival insurer's financial condition, aiming to hurt that insurer's business. The colleague alone wrote and distributed the pamphlet. Under the defamation paragraph of RSA 417:4, which statement about the producer is accurate?

The producer is covered, because the paragraph reaches encouraging circulation

A New Hampshire agency holds a raffle to promote its life insurance products. Under the state's rebating statute, which arrangement keeps the raffle outside the statute's definition of a rebate?

Free entry, open to non-policyholders, with no purchase needed to enter or win

When the New Hampshire commissioner issues a temporary insurance producer license under RSA 402-J:11, what is the longest term the license may have, and is an examination required?

Up to 180 days, and the commissioner may issue it with no examination

An agency organized as a limited liability company applies to the commissioner for a New Hampshire producer license as a business entity. Under RSA 402-J:6, which finding about the entity must the commissioner make before approving the application?

It has designated a licensed producer responsible for its legal compliance

A life insurer wants to test an applicant for an antibody to the human immunodeficiency virus as part of underwriting the application. Under RSA 417:4(XIX), what must the insurer obtain before it may run the test?

The applicant's written consent on a form designed by the state health and human services commissioner

After a hearing, the commissioner finds that a producer committed three separate acts that violate RSA 417:3. Under RSA 417:10(I), what is the most the commissioner may impose as an administrative penalty?

$2,500 for each of the three acts found to violate RSA 417:3

A producer knowingly enters false answers about an applicant's health on a life insurance application so that the policy will be issued and the producer will be paid a commission. Under New Hampshire's unfair trade practices statute, RSA 417:4, which defined practice does this conduct fit?

Misrepresentation in an insurance application, made to obtain a commission

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1.A producer terminated for cause receives from the insurer a copy of the termination notification it sent to the Commissioner. The producer disagrees with how the notification describes the reasons. What does RSA 402-J:15 allow the producer to do?
Answer: B. File written comments with the Commissioner within 30 days, sending a copy to the insurer at the same time
Under RSA 402-J:15(IV)(b), within 30 days after receiving the original or an additional notification, the producer may file written comments on its substance with the Commissioner, and must send a copy of those comments to the reporting insurer by the same means at the same time. The comments then become part of the Commissioner's file and travel with any copy of the report that is later distributed. The section gives the producer no 15-day hearing right to remove the notification, no power to void it by demanding withdrawal, and no filing route to the NAIC in place of the Commissioner.
Source
N.H. Rev. Stat. Ann. Sec. 402-J:15(IV)(b)
Choose an answer to see the explanation.
2.A resident New Hampshire producer is preparing to renew a license. Under Ins 1302.03, the approved continuing education hours counted toward renewal must have been completed during which period?
Answer: B. The preceding 24 months, no later than 60 days before renewal
Ins 1302.03(a) requires every resident producer seeking renewal to have completed, during the preceding 24 months and no later than 60 days before the required renewal date, courses or seminars equal to 24 continuing education hours that the Commissioner approved in advance under Ins 1303. A 12-month window with a 30-day cutoff, a 36-month window running to the renewal date, and credit dating back to first licensure all misstate that period.
Source
N.H. Code Admin. R. Ins 1302.03(a)
Choose an answer to see the explanation.
3.A producer urges a colleague to hand out a pamphlet that falsely and maliciously attacks a rival insurer's financial condition, aiming to hurt that insurer's business. The colleague alone wrote and distributed the pamphlet. Under the defamation paragraph of RSA 417:4, which statement about the producer is accurate?
Answer: C. The producer is covered, because the paragraph reaches encouraging circulation
RSA 417:4(IV) treats as defamation not only making or circulating a false or maliciously critical statement about an insurer's financial condition, but also aiding, abetting or encouraging someone else to make or circulate it, when the statement is calculated to injure a person in the business of insurance. Encouraging the colleague therefore brings the producer within the paragraph. The paragraph is not limited to the author, it covers oral as well as written statements, and it names pamphlets, circulars, articles and literature without requiring publication in a newspaper or broadcast.
Source
N.H. Rev. Stat. Ann. Sec. 417:4(IV)
Choose an answer to see the explanation.
4.A New Hampshire agency holds a raffle to promote its life insurance products. Under the state's rebating statute, which arrangement keeps the raffle outside the statute's definition of a rebate?
Answer: A. Free entry, open to non-policyholders, with no purchase needed to enter or win
RSA 417:4(IX)(b)(14) excludes contests, sweepstakes, raffles and drawings used to market insurance from the definition of a rebate when two conditions are both met. Entrants pay nothing to take part, and the event is open to consumers who are not policyholders, with no requirement to buy a policy in order to enter or to receive a prize. Limiting entry to existing policyholders fails the second condition, and so does tying a prize to a purchase. Any entry charge fails the first condition, whatever the agency does with the money.
Source
N.H. Rev. Stat. Ann. Sec. 417:4(IX)(b)(14)
Choose an answer to see the explanation.
5.Under RSA 406-C, what is the maximum administrative fine that may be imposed on a financial institution for each violation of that chapter or of a rule adopted under it?
Answer: D. $2,500 per violation
RSA 406-C:18 makes a financial institution that violates RSA 406-C or a rule adopted under it subject to an administrative fine of up to $2,500 for each violation. The same section also allows the Commissioner to suspend or revoke the license of the institution, or of another person or organization, for a violation or for failing to comply with a Commissioner's order, including a cease and desist order. The $1,000, $5,000 and $10,000 figures are not the cap this section sets.
Source
N.H. Rev. Stat. Ann. Sec. 406-C:18
Choose an answer to see the explanation.
6.When the New Hampshire commissioner issues a temporary insurance producer license under RSA 402-J:11, what is the longest term the license may have, and is an examination required?
Answer: D. Up to 180 days, and the commissioner may issue it with no examination
RSA 402-J:11(I) authorizes the commissioner to issue a temporary producer license for no more than 180 days without requiring an examination, where the commissioner considers it necessary for servicing an insurance business, such as after the death or disability of an individual designated by a licensed business entity. A 90-day or one-year term does not match the 180-day limit, and requiring the holder to pass the examination contradicts the statute's issuance without one.
Source
N.H. Rev. Stat. Ann. Sec. 402-J:11(I)
Choose an answer to see the explanation.
7.An agency organized as a limited liability company applies to the commissioner for a New Hampshire producer license as a business entity. Under RSA 402-J:6, which finding about the entity must the commissioner make before approving the application?
Answer: D. It has designated a licensed producer responsible for its legal compliance
RSA 402-J:6(II) requires a business entity that acts as an insurance producer to hold its own producer license, and before approving the entity's application the commissioner must find that it has designated a licensed producer responsible for the entity's compliance with New Hampshire's insurance laws, rules and regulations. Paragraph II does not require every owner and employee to be licensed, sets no minimum period of in-state operation, and lists no examination for the entity or its officers.
Source
N.H. Rev. Stat. Ann. Sec. 402-J:6(II)(b)
Choose an answer to see the explanation.
8.A life insurer wants to test an applicant for an antibody to the human immunodeficiency virus as part of underwriting the application. Under RSA 417:4(XIX), what must the insurer obtain before it may run the test?
Answer: A. The applicant's written consent on a form designed by the state health and human services commissioner
RSA 417:4(XIX)(a) bars testing an individual for an HIV antibody or antigen in connection with an insurance application unless the applicant signs written consent on a form that the commissioner of health and human services designed, with the insurance commissioner consulting on and approving that form. Oral consent does not meet the written requirement. The paragraph conditions testing on the applicant's written consent, not on a physician's referral, and the insurance commissioner's role is approving the form rather than each individual test.
Source
N.H. Rev. Stat. Ann. Sec. 417:4(XIX)(a)
Choose an answer to see the explanation.
9.After a hearing, the commissioner finds that a producer committed three separate acts that violate RSA 417:3. Under RSA 417:10(I), what is the most the commissioner may impose as an administrative penalty?
Answer: C. $2,500 for each of the three acts found to violate RSA 417:3
RSA 417:10(I) caps the administrative penalty at $2,500 for each act, practice, or method of competition found to violate RSA 417:3, so each of the three violating acts carries its own $2,500 maximum. The cap is per act, not per proceeding, and the paragraph states neither a $1,000 nor a $5,000 figure. The penalty may be imposed in addition to, or instead of, suspending, revoking, or refusing to renew the license.
Source
N.H. Rev. Stat. Ann. Sec. 417:10(I)
Choose an answer to see the explanation.
10.A producer knowingly enters false answers about an applicant's health on a life insurance application so that the policy will be issued and the producer will be paid a commission. Under New Hampshire's unfair trade practices statute, RSA 417:4, which defined practice does this conduct fit?
Answer: B. Misrepresentation in an insurance application, made to obtain a commission
RSA 417:4(II) defines as an unfair practice making false or fraudulent statements on or relating to an application for insurance for the purpose of obtaining a commission, money or other benefit from an insurer, agent or individual. A producer who falsifies health answers to get a policy issued and earn a commission fits that paragraph. Defamation under RSA 417:4(IV) concerns statements about an insurer's financial condition that are false or maliciously critical, not false answers on an application. Unfair discrimination under RSA 417:4(VIII) concerns treating individuals of the same class differently, which is not what happened here. A false financial statement under RSA 417:4(VI) concerns a false statement of an insurer's own financial condition or a false entry in its books or reports.
Source
N.H. Rev. Stat. Ann. Sec. 417:4(II)
Choose an answer to see the explanation.

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The scored exam is free, 20 questions in 30 minutes, and needs an account. These 10 do not.

1.A producer terminated for cause receives from the insurer a copy of the termination notification it sent to the Commissioner. The producer disagrees with how the notification describes the reasons. What does RSA 402-J:15 allow the producer to do?

2.A resident New Hampshire producer is preparing to renew a license. Under Ins 1302.03, the approved continuing education hours counted toward renewal must have been completed during which period?

4.A New Hampshire agency holds a raffle to promote its life insurance products. Under the state's rebating statute, which arrangement keeps the raffle outside the statute's definition of a rebate?

5.Under RSA 406-C, what is the maximum administrative fine that may be imposed on a financial institution for each violation of that chapter or of a rule adopted under it?

6.When the New Hampshire commissioner issues a temporary insurance producer license under RSA 402-J:11, what is the longest term the license may have, and is an examination required?

7.An agency organized as a limited liability company applies to the commissioner for a New Hampshire producer license as a business entity. Under RSA 402-J:6, which finding about the entity must the commissioner make before approving the application?

8.A life insurer wants to test an applicant for an antibody to the human immunodeficiency virus as part of underwriting the application. Under RSA 417:4(XIX), what must the insurer obtain before it may run the test?

9.After a hearing, the commissioner finds that a producer committed three separate acts that violate RSA 417:3. Under RSA 417:10(I), what is the most the commissioner may impose as an administrative penalty?

10.A producer knowingly enters false answers about an applicant's health on a life insurance application so that the policy will be issued and the producer will be paid a commission. Under New Hampshire's unfair trade practices statute, RSA 417:4, which defined practice does this conduct fit?

The other 235 questions are $29.