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Exam (elaborations)

nc insurance exam questions with correct answers

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In NC, the legislature has made and implemented state statutes which, collectively are known as - ANSWER-insurance code a person licensed to solicit applications for, or to negotiate a policy of, insurance = - ANSWER-agent any individual who, for salary, fee, or commission, investigates or reports to his principal relative to claims arising under insurance contracts other than life or annuity= - ANSWER-adjuster a person who, being a licensed agent, procures insurance for a party other than himself through a duly authorized agent of an insurer that is licensed to do business in NC but for which the -- is not authorized to act as an agent - ANSWER-broker a person required to be licensed to sell, solicit, or negotiate insurance (includes an agent, broker, and limited representative) - ANSWER-producer/insurance producer a person authorized to sell certain coverages relating to the rental of motor vehicles - ANSWER-limited license an individual may transact insurance under a -- as a foreign military sales agent representing a life insurance company in nc, provided that the agent represents the insurance company only in a foreign country or territor and either on a us military installation or with us military personell - ANSWER-restricted license any agent or limited representative who signs any blank contract or policy of insurance is guilty of a--- and will be punished by a fine between --- - ANSWER-class 3 misdemeanor between $1000 and $5000

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Nc insurance
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Nc insurance

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Uploaded on
March 7, 2024
Number of pages
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Written in
2023/2024
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