NHPCI - New Hampshire Property and Casualty Insurance

Question 21: A New Hampshire producer of record wants to know how long transaction records must be kept, and mistakenly recalls a three-year figure that actually describes the department's own destruction schedule, not the producer's retention duty. Which of the following correctly states the producer's own retention period?

The current year plus three years

Five years, with no current year

The current year plus five years

The current year plus ten years

Question 22: An insurer decides to appoint a producer to represent it and sell its policies in New Hampshire, triggering a filing obligation with the Commissioner that runs from the date the appointment relationship actually begins. Which of the following correctly states the deadline for the insurer to file that appointment?

Thirty days

Ten working days

Sixty days

Fifteen days

Question 23: An insurer ends its appointment relationship with a producer in New Hampshire and must now notify the Commissioner that the appointment has been terminated. Which of the following correctly states the deadline by which the insurer must send that termination notice to the Commissioner after ending the relationship?

Fifteen days

Thirty days

Ten working days

Five working days

Question 24: An unlicensed clerk at an agency occasionally tells friends about the agency and receives a small thank-you payment for each name passed along. Under New Hampshire law, a referral fee paid to an unlicensed person is lawful only when it falls at or below which maximum amount?

Fifty dollars per referral

Twenty-five dollars per referral

One hundred dollars per referral

Any amount if disclosed

Question 25: A New Hampshire producer places a large share of coverage on property owned by the producer's own family members and business partners, and commissions on that business begin to dominate the agency's total production. At what point does this pattern become prohibited controlled business?

More than twenty percent of commissions

More than five percent of premiums written

More than ten percent of commissions

Any amount without insurer written consent

Question 26: A newly licensed New Hampshire producer expects to begin handling client premium payments and occasional return premiums while writing property and casualty business across the state. Which statement correctly describes that producer's obligation regarding a premium trust account under the insurance department's rules?

Only large agencies must establish one

It is optional below a set volume

Only insurers must maintain one

The producer must establish one

Question 27: A producer maintains a premium trust account and occasionally deposits personal funds into it so that premiums can be advanced to an insurer before the client's payment clears. Later, the producer is short on operating cash and considers moving money from the trust account. What does the rule permit?

Personal funds in, never trust money out

Both transfers freely if later reconciled

Neither deposits nor withdrawals ever

Trust money out permitted, personal funds barred

Question 28: A policy cancels and the carrier calculates the return premium owed to the insured on a Tuesday, though the producer does not actually receive notice of that calculation from the carrier until several days later. From what point does the producer's window to remit the return premium begin to run?

From the producer's receipt of notice

From the carrier's determination

From the policy's cancellation date

From the insured's written demand

Question 29: A New Hampshire producer collects a client's premium payment and, instead of forwarding it along to the insurer, quietly uses that money to cover unrelated personal expenses with no intention of ever repaying it. Which precise term describes this conduct under New Hampshire producer law?

Controlled business

Twisting

Conversion of funds

Rebating

Question 30: A student preparing for the New Hampshire exam is trying to keep straight which section of the unfair trade practices chapter actually forbids the conduct, as opposed to the section that only lists and describes what counts as unfair. Which section carries the actual prohibition?

The section defining unfair practices

The section penalizing violations

The section governing hearing notice

The section prohibiting unfair methods

Question 31: During a sales call, a producer tells a prospective policyholder that a competing insurer's financial condition is far worse than it actually is, in order to steer the sale toward the producer's own company. Which defined unfair trade practice best describes this particular conduct?

Defamation

Twisting

Boycott

Misrepresentation

Question 32: An agent convinces a policyholder to drop a long-held life policy by falsely claiming its cash values have stopped growing, then replaces it with a new policy that pays a fresh commission. Which specific New Hampshire statute governs this kind of misrepresentation aimed at inducing a lapse?

The general rebating statute

The inducing lapses statute

The controlled business statute

The premium trust account rule

Question 33: The New Hampshire insurance commissioner schedules a formal hearing to determine whether a particular insurer engaged in an unfair trade practice under state law. Which statement correctly describes the minimum amount of advance notice the commissioner must give before holding that hearing?

Not less than five days

Not less than thirty days

Not less than ten days

No minimum notice is required

Question 34: A property and casualty insurer licensed in New Hampshire receives written notice of a brand-new claim from one of its policyholders. Under the department's specific claim rule, within how many working days must the insurer acknowledge receipt of that claim to the policyholder?

Ten working days

Three working days

Fifteen working days

Five working days

Question 35: An investigator determines that the fraudulent portion of a padded property claim, not the claim's total value, exceeds a substantial dollar figure set by New Hampshire's criminal code. Which grade of offense applies once that fraudulent portion crosses above one thousand five hundred dollars?

A class A felony

A class B felony

A misdemeanor

A violation only

Question 36: An employee of an insurance company suspects a policyholder is submitting a fraudulent claim and reports that suspicion to the appropriate authorities, later worrying about being sued for making the report. Which New Hampshire statutory provision addresses this employee's concern?

The fraud unit organizational section

The fraud reporting immunity section

The insurance fraud offense statute

The controlled business statute

Question 37: A New Hampshire licensee is establishing a brand-new customer relationship with a policyholder for the first time and must provide that customer with a privacy notice describing its information-sharing practices. Which statement correctly describes when the licensee must deliver this particular initial privacy notice?

Within thirty days of contact

Once in every twelve months

When the customer relationship begins

Only if the customer requests

Question 38: An insured's vehicle is struck by another driver, and the insured asks the insurer to waive the collision deductible under New Hampshire's specific statute for this situation. Which combination of conditions must all be met before the insurer must waive that deductible?

Other driver solely at fault only

Other driver uninsured only

Any at-fault driver, insured or not

Other driver solely at fault, uninsured, identified

Question 39: An insurer determines that an insured qualifies for the collision deductible waiver after a loss caused by a solely at-fault, uninsured, positively identified driver, and the insurer later recovers a subrogation payment from that at-fault driver. Which statement correctly describes the two payment windows that follow?

Thirty days to pay, then thirty more

Fifteen days to pay, then fifteen more

Thirty days to pay, then sixty more

Sixty days to pay, then thirty more

Question 40: A New Hampshire-licensed producer permanently relocates to another state and establishes legal residence there. Which of the following correctly describes what New Hampshire requires this producer to file, and on what terms, to keep the licence current after the move?

Notice within thirty days plus fee

Notice within thirty days with no fee

New application within thirty days

Notice within sixty days with no fee

NHPCI New Hampshire Property and Casualty Insurance - Set 1 - Part 2

Question 24: An unlicensed clerk at an agency occasionally tells friends about the agency and receives a small thank-you payment for each name passed along. Under New Hampshire law, a referral fee paid to an unlicensed person is lawful only when it falls at or below which maximum amount?

Question 30: A student preparing for the New Hampshire exam is trying to keep straight which section of the unfair trade practices chapter actually forbids the conduct, as opposed to the section that only lists and describes what counts as unfair. Which section carries the actual prohibition?

Question 31: During a sales call, a producer tells a prospective policyholder that a competing insurer's financial condition is far worse than it actually is, in order to steer the sale toward the producer's own company. Which defined unfair trade practice best describes this particular conduct?

Question 34: A property and casualty insurer licensed in New Hampshire receives written notice of a brand-new claim from one of its policyholders. Under the department's specific claim rule, within how many working days must the insurer acknowledge receipt of that claim to the policyholder?

Question 36: An employee of an insurance company suspects a policyholder is submitting a fraudulent claim and reports that suspicion to the appropriate authorities, later worrying about being sued for making the report. Which New Hampshire statutory provision addresses this employee's concern?

Question 38: An insured's vehicle is struck by another driver, and the insured asks the insurer to waive the collision deductible under New Hampshire's specific statute for this situation. Which combination of conditions must all be met before the insurer must waive that deductible?

Question 40: A New Hampshire-licensed producer permanently relocates to another state and establishes legal residence there. Which of the following correctly describes what New Hampshire requires this producer to file, and on what terms, to keep the licence current after the move?

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