New Hampshire Life & Health Insurance Exam — All Questions

Which agency issues resident life and health insurance producer licenses in New Hampshire?

• a.New Hampshire Division of Insurance
• b.New Hampshire Department of Commerce and Insurance
• c.New Hampshire Insurance Department (NHID)✓
• d.New Hampshire Bureau of Insurance

New Hampshire regulates insurance through the New Hampshire Insurance Department (NHID), led by the Commissioner of Insurance. The Commissioner licenses producers, adopts rules, investigates complaints, and enforces the state's insurance laws. This agency issues producer licenses and enforces the state's insurance laws.

In New Hampshire, what authorizes a person to sell both life and health insurance products?

• a.A separate license issued by a different agency for each product line
• b.A surplus lines broker license
• c.A property and casualty producer license
• d.A resident insurance producer license carrying the life and the accident/health lines of authority✓

New Hampshire issues a resident producer license, and the producer requests the lines of authority they qualify for. Adding both the life line and the accident and health line lets one license cover life and health products. Property/casualty and surplus lines are different lines for different products.

Before a licensed New Hampshire producer may transact business on behalf of a specific insurer, what generally must happen?

• a.Nothing beyond holding a valid producer license
• b.The insurer must appoint the producer, filing the appointment with the New Hampshire Insurance Department✓
• c.The producer must first sell property and casualty insurance
• d.The producer must post a surety bond with the state treasurer

A license lets a person act as a producer, but to represent a particular company the insurer must appoint the producer and file that appointment with the regulator. A producer may hold appointments from more than one insurer, and appointments are how the insurer accepts responsibility for the producer's sales.

Which statement about keeping a New Hampshire resident producer license active is correct?

• a.The license renews automatically with no action or education by the producer
• b.Once issued, the license never expires and no continuing education is ever required
• c.Continuing education is required only during the first year and never again
• d.The license must be renewed periodically and the producer must complete continuing education, including an ethics component, each renewal period✓

New Hampshire, like other states, issues producer licenses for a set term and requires continuing education, including ethics hours, to renew. Letting CE or the renewal lapse can cause the license to expire, after which reinstatement rules and penalties may apply. Always confirm the current hour totals and deadlines with the regulator.