SC state laws Exam Questions with correct Answers

Advertising insurance policies - ANSWER-Acts requiring a person to be licensed as a producer include all of the following except Enacting insurance laws - ANSWER-The chief officer of the state insurance department is not responsible for Be appointed by that insurer - ANSWER-In order to sell insurance for an insurer, the producer must first A producer may not share commissions with a licensed nonresident producer - ANSWER-Which of the following statements regarding the payment of commissions is not correct? Issuing checks in full settlement of a claim that contain language releasing the insurer from liability - ANSWER-All fo the following are considered to be unfair and deceptive trade practices except Replacing one policy with another - ANSWER-All of the following acts are prohibited except Paying a bonus to a licensed employee for referring the policyowner to the producer - ANSWER-In most jurisdictions, all of the following would constitute unlawful acts of rebating except File the list of agency appointments with the department of insurance - ANSWER-All of the following re duties of insurance licensees except 18 years old - ANSWER-What is the minimum age to be licensed as an insurance producer?