SC Life, Accident, Health Exam Questions & Answers 100% Accurate

Reciprocal Agreement - ANSWER-Two states allowing for non resident license What two brokers dont need a license - ANSWER-Surplus and Excess Fine for selling ins without license? - ANSWER-$10,000 Who examines foreign and alien insurers? - ANSWER-Regulatory authority What is the biennial appointment fee? - ANSWER-$40 What is the application fee? - ANSWER-$25 What is Section 1034? - 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? - ANSWER-Protects consumer info through privacy regulation How much you give notice of privacy and health info? - ANSWER-In person annually What is the fine for blank forms? - ANSWER-$200 What are prohibited inducements? - ANSWER-Promise of returns (opposite of rebate which is incentive up front)