South Carolina laws and rules Exam Questions & Answers 100% Correct

A licensee MUST notify the department of a legal name change - ANSWER-Upon changing the name Which entity is responsible for regulating continuing education requirements in South Carolina - ANSWER-Department of insurance A producer does NOT have a fiduciary responsibility to - ANSWER-The South Carolina guaranty association Which of the following is NOT a circumstance to which a temporary producer license can be issued - ANSWER-A prospective agent who is waiting to take the state exam When the director is examining an insurers books and records the insurer - ANSWER-Must not Impede an examination The typical free look period for life insurance policies sold in South Carolina is - ANSWER-10 days Which of the following actions is required by a producer who is replacing an existing life insurance policy - ANSWER-Submit to the replacing insurer a list of the policies to be replaced Which of the following statements regarding the fair credit reporting act is true - ANSWER-An insurer does not need to discuss any credit history inconsistencies with the applicant A Buyers Guide MUST - ANSWER-Have it's content approved by the director