Test For SC LAH Insurance Exam
Questions with Correct Detailed
Answers (2025-2026) Edition.
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
A licensed individual who represents the citizens of the state in placing their insurance is a -
Answer Broker
, - 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 - Answer Hearing
30 days
If he is found guilty at the hearing, he can be fined up to _______ , unless it is deemed to be
_________ , in which case it could be as much as _______ - Answer $2,500
Willfull
$5,000
If a producer violates a cease and desist order, he could be fined up to __________ , unless it is
willfull, in which case it could be ________ - Answer $50 per day
$100 per day
A person transacting insurance business without a license is guilty of a ___________ , and will
be fined up to ________ and/or imprisoned for up to ________ - Answer Misdemeanor
$10,000
2 years
If the Director finds that a producer has obtained a license by fraud or misrepresentation, he
may revoke the license _________ , otherwise he must give the producer ________ days notice
- Answer Immediately
10 days
If fined of misrepresentation, the producer must pay the fine within - Answer 30 days
Insurers are licensed to transact insurance business. Their license is called a ___________ -
Answer Certificate of Authority
For an insurer to be licensed, the Director must make sure the company is _______ and
________ - Answer Safe and solvent
An insurer cannot sell any insurance policy until it has been _________ by _______ - Answer
Questions with Correct Detailed
Answers (2025-2026) Edition.
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
A licensed individual who represents the citizens of the state in placing their insurance is a -
Answer Broker
, - 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 - Answer Hearing
30 days
If he is found guilty at the hearing, he can be fined up to _______ , unless it is deemed to be
_________ , in which case it could be as much as _______ - Answer $2,500
Willfull
$5,000
If a producer violates a cease and desist order, he could be fined up to __________ , unless it is
willfull, in which case it could be ________ - Answer $50 per day
$100 per day
A person transacting insurance business without a license is guilty of a ___________ , and will
be fined up to ________ and/or imprisoned for up to ________ - Answer Misdemeanor
$10,000
2 years
If the Director finds that a producer has obtained a license by fraud or misrepresentation, he
may revoke the license _________ , otherwise he must give the producer ________ days notice
- Answer Immediately
10 days
If fined of misrepresentation, the producer must pay the fine within - Answer 30 days
Insurers are licensed to transact insurance business. Their license is called a ___________ -
Answer Certificate of Authority
For an insurer to be licensed, the Director must make sure the company is _______ and
________ - Answer Safe and solvent
An insurer cannot sell any insurance policy until it has been _________ by _______ - Answer
