North Dakota Property & Casualty Insurance License Exam — All Questions
4 questions
How is North Dakota's auto insurance system best characterized?
- a.A pure tort state with no first-party benefits
- b.A state with no compulsory auto insurance
- c.A no-fault state requiring basic no-fault (Personal Injury Protection) coverage✓
- d.An assigned-risk-only state
North Dakota is a no-fault state: every auto policy must include basic no-fault, or Personal Injury Protection (PIP), coverage that pays an injured insured's economic losses regardless of fault. The North Dakota Insurance Department confirms this framework. The right to sue for noneconomic damages is limited unless a statutory threshold is met.
What are North Dakota's minimum bodily-injury auto liability limits?
- a.$15,000 per person / $30,000 per accident
- b.$25,000 per person / $50,000 per accident✓
- c.$50,000 per person / $100,000 per accident
- d.$30,000 per person / $60,000 per accident
Per the North Dakota Insurance Department, the minimum bodily-injury limits are $25,000 per person and $50,000 per accident (25/50), with a separate $25,000 property-damage minimum. Because minimums can change, verify current figures with the North Dakota Insurance Department.
What is the basic no-fault (Personal Injury Protection) benefit amount required on a North Dakota auto policy?
- a.$30,000 per person✓
- b.$10,000 per person
- c.$50,000 per person
- d.North Dakota does not require no-fault benefits
The North Dakota Insurance Department states that basic no-fault (PIP) coverage provides $30,000 per person for economic losses such as medical expenses and work loss, paid without regard to fault. Because figures can change, verify the current amount with the North Dakota Insurance Department.
What is North Dakota's minimum property-damage liability limit for an auto policy?
- a.$10,000 per accident
- b.$25,000 per accident✓
- c.$50,000 per accident
- d.North Dakota has no property-damage minimum
Per the North Dakota Insurance Department, the minimum property-damage liability limit is $25,000 per accident, alongside the 25/50 bodily-injury minimums. Verify current figures with the North Dakota Insurance Department.