***XCEL CHAPTER EXAM: SOUTH CAROLINA LAWS AND RULES*** Questions with Correct Answers

All long-term care policies sold in S. Carolina are REQUIRED to pay the SAME daily benefit amount for "at home" care as compared to - ANSWER-the daily amount paid for nursing home care Prior to a disciplinary hearing, the director is required to give at least ___ days of notice - ANSWER-30 days Which of these is NOT subject to false advertising regulations? - ANSWER-Gifts Victoria's producer license was initially issued on July 18, 2017. Her B-day is June 9, 1982. Her license will renew - ANSWER-June 30, 2019 If a producer has broken a state insurance statute, the Director may issue a cease & desist order. This order demands that the producer - ANSWER-stop engaging in the act When a producer is replacing an existing ordinary life insurance policy, the producer must take all of the following actions EXCEPT - ANSWER-obtain the beneficiary's signature Barry the producer offers Chris his mountain cabin for the weekend to secure his order for his insurance business. This is an example of - ANSWER-rebating When a licensee's address has changed, who must be notified of this change? - ANSWER-Department of Insurance All producers shall maintain full & correct transaction records of the business done by them for a period of At least - ANSWER-5 years