South Carolina Property and Casualty Exam Questions & Answers 100% Correct

ISO - ANSWER-Insurance Service Office To be licensed as a insurance producer in this state an individual must meet the following minimum qualifications: - ANSWER-be at least 18 years old; Be of good moral character; have not been convicted of any felony or crime for the last 10 years that can be a ground for denial,suspension, or revocation of a license; Pass the required license examination; Pay the license fee of $25.00 Agency license must contain - ANSWER-the licensee's name, address, personal identification number, and the date of issuance, and any other information the Director deems necessary Unlimited Lines - ANSWER-Property, Casualty, Surety, Marine, Accident and Health, Life, Variable Contracts. NIPR - ANSWER-National Insurance Producer Registry Producer - ANSWER-sell, solicit, negotiate, or receive and deliver insurance policies on behalf of the insurer. Individual Producer - ANSWER-(Agent) Person who is authorized by an insurer to represent it and to offer to the public insurance policies or contracts. General Producer - ANSWER-has the authority to supervise producers and local producers Special Producer(or State Producer) - ANSWER-No authority to solicit from the public, countersign policies, or receive commission, assist General Producer.