SC Life, Accident, Health exam questions and verified correct answers 2024

Reciprocal Agreement - correct answer Two states allowing for non resident license What two brokers dont need a license - correct answer Surplus and Excess Fine for selling ins without license? - correct answer $10,000 Who examines foreign and alien insurers? - correct answer Regulatory authority What is the biennial appointment fee? - correct answer $40 What is the application fee? - correct answer $25 What is Section 1034? - correct answer Authorizes the attorney general to provide civil and criminal punishment to those breaking Section 1033 (dishonesty, etc.) What does Gramm Leach Biley Act do? - correct answer Protects consumer info through privacy regulation How much you give notice of privacy and health info? - correct answer In person annually What is the fine for blank forms? - correct answer $200 What are prohibited inducements? - correct answer Promise of returns (opposite of rebate which is incentive up front) How does one get immunity from fraud? - correct answer Reporting it (Restitution is still on table)