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Exam (elaborations)

SC LAH Insurance Exam Questions and Answers Correct

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SC LAH Insurance Exam

Institution
LAH
Course
LAH








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Institution
LAH
Course
LAH

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Uploaded on
February 13, 2025
Number of pages
4
Written in
2024/2025
Type
Exam (elaborations)
Contains
Questions & answers

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SC LAH Insurance Exam

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 - answer1
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? - answer180

A temporary license is obtained to handle the insurance business of a producer who -
answerDies or is disabled

In order to obtain a Non-Resident license the applicant must be - answer1. Licensed in
their home state
2. Apply at the NIPR
3. A reciprocal agreement between SC and your State

A licensed individual who represents the citizens of the state in placing their insurance
is a - answerBroker

In addition to renewing your license you must also complete - answer24 hours of
continuing education every 2 years
- At least 8 hours in each line of insurance
- At least 3 hours of ethics

If a producer is charged with violating the SC insurance laws he is entitled to a
__________ and must be notified in writing of time and place at least __________ in
advance - answerHearing
30 days

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