SC PL Exam Question with highest scores

Insurable Property - ANSWER-Immovable property at fixed locations in coastal areas of the State, or tangible personal property located inside it. The property must be determined to be in an insurable condition using reasonable underwriting standards. individual or agency - ANSWER-may not transact insurance business until a producer's license has been issued by the Director of Insurance. 18 - ANSWER-A person applying for a resident producer license must be at least how old? licensed and appointed - ANSWER-A producer must be _________________________by the insurer for which the insurance transaction was performed Nonresident Producer - ANSWER-A producer licensed in a state in which he/she is not a resident. In most states, no exam is required to obtain a Nonresident license. 30 days - ANSWER-who moves from one state to another, or a resident producer who moves from this State to another, must file a change of address and provide certification from the new resident state within _______ days of the change of legal residence. No fee or license application is required. True - ANSWER-True/False: Surplus lines brokers may get a nonresident surplus lines broker license. 180 days - ANSWER-The Director may issue a temporary license for up to ___ days without examination under certain circumstance, if in the public interest. Broker - ANSWER-Sells, solicits, or negotiates insurance on behalf of an insured