- Study guides, Class notes & Summaries

If the premiums for a policy will be increased by more than 15 percent, how much warning must the insured get? - answers 45 days. A notice of increase in premiums that exceeds 15% of the current policy's premium must be delivered or mailed to the insured at least 45 days before the effective date of such termination or change. What is the max period of time a temp license can be in force? - answers 15 months. A temp license is good for 6 months and can be renewed at 3 month intervals for ...

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30 pages

Written in 2023/2024

Grade A+

contenthive76

The Director is empowered to - ANSWER-enforce state laws relating to insurance Someone who sells, solicits, or negotiates insurance contracts for compensation on behalf of an insurer is called? - ANSWER-an insurance provider The PRIMARY purpose of the Fair Credit and Reporting Act is to - ANSWER-protect consumers with guidelines regarding credit reporting and distribution In south Carolina, what is the maximum length of time an insurer can defer payment of a cash surrender value of annu...

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4 pages

Written in 2023/2024

Grade A+

remojudytask

South Carolina Insurance Exam Bundle Questions & Answers Latset Update/Verified

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85 items

remojudytask

HO 01 39 modifies a homeowner's policy to allow the insured to bring an action against the insurer for up to how many years after the loss? - ANSWER-3 years For at least how many years must an insurer keep copies of cancellation or nonrenewal notices? - ANSWER-3 years Which is NOT a typical part of a complete personal auto policy? - ANSWER-Coverage audit Which of the following statements about an underinsured motor vehicle is not correct? - ANSWER-The amount of liability insurance does...

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18 pages

Written in 2023/2024

Grade A+

remojudytask