SC LAH Insurance Exam With correct Answers

The SC Director of Insurance is - ANSWER-Appointed The Director must be approved by the - ANSWER-South Carolina Senate The Director has the same powers as a - ANSWER-Circuit Court Judge, but only in insurance A producer must be working for an insurance company to be licensed? - ANSWER-False A producer's license is valid for how long? - ANSWER-Indefinitely In order to keep your license, it must be - ANSWER-renewed every 2 years After passing your license exam you have ______ to apply for your license - ANSWER-1 year The licenses which do not require passing an exam are - ANSWER-Temporary and Non-Resident A temporary license is valid for how many days? - ANSWER-180 A temporary license is obtained to handle the insurance business of a producer who - ANSWER-Dies or is disabled In order to obtain a Non-Resident license the applicant must be - ANSWER-1. Licensed in their home state 2. Apply at the NIPR 3. A reciprocal agreement between SC and your State