Exam (elaborations)

South Carolina Property and Casualty Questions With Solutions 100% Correct

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South Carolina Property And Casualty Insurance

Institution
South Carolina Property And Casualty Insurance

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Uploaded on October 7, 2024
Number of pages 58
Written in 2024/2025
Type Exam (elaborations)
Contains Questions & answers

south carolina property and casualty
questions with solutions 100 correct

Institution South Carolina Property And Casualty Insurance
Course South Carolina Property And Casualty Insurance

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South Carolina Property and Casualty
Questions With Solutions 100% Correct

NIPR National Insurance Producer Registry

Producer Appointment the applicant must be appointed by a authorized representative of

the insurer.

Producer sell, solicit, negotiate, or receive and deliver insurance policies on behalf of the

insurer.

Individual Producer (Agent) Person who is authorized by an insurer to represent it and to

offer to the public insurance policies or contracts.

General Producer has the authority to supervise producers and local producers

Special Producer(or State Producer) No authority to solicit from the public, countersign

policies, or receive commission, assist General Producer.

, South Carolina Property and Casualty
Questions With Solutions 100% Correct
Travel Accident Sells only transportation ticket policies of accident and health insurance

or baggage insurance on personal effects.

NonResident Currently licensed as a resident and in good standing in his or her home

state; Applying for the same line of authority as held in the home state; Proper requests for

licensure have been submitted and required fees have been paid; the producer's home state

awards nonresident insurance producer licenses to residents of this state on the same basis.

Temporary License Maximum period of 180 days; to the surviving spouse or court-

appointed personal representative of a licensed producer who dies or becomes mentally or

physically disabled; to a member or employee of a business entity licensed as an insurance

producer, upon the death or disability of an individual designated in the business entity

application or the license; to the designee of a licensed insurance producer entering active service

in the US armed forces; Except for continuing education purposes, in any other circumstance that

the Director deems necessary.

Insurance Broker may place insurance either with an eligible surplus lines insurer or with

a licensed insurance agent with an insurance carrier licensed in this State (Insurance Shopper)

SLED report fee $25.00

, South Carolina Property and Casualty
Questions With Solutions 100% Correct

SLED report expires 90 days

Notice of hearing 30 days

Director will examine each authorized insurer 5 years

Examiner files report with DOI regarding examination 60 days

After examination report received by insurer, time to respond to DOI to request a hearing.

30 days

Director must give notice for hearing to insurer after examination 20 days

Age to apply for license 18 years old

Temporary license is valid 180 days

, South Carolina Property and Casualty
Questions With Solutions 100% Correct

To file with Director a producer's appointment 15 days

Director MUST verify the insurance producer is ELIGIBLE for appointment 30 days

Director must notify the agency the producer is INELIGIBLE for appointment 5 days

Insurer to notify producer of appointment TERMINATION 15 days

Insurer to notify DOI of TERMINATION of producer's appointment 30 days

For producer to file written complaints with DOI about termination 30 days

Reinstatement of license as long as fees and penalties (if any) are paid 6 months

Biennial deadline to pay the appointment renewal fee September 30

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Exam (elaborations)

South Carolina Property and Casualty Questions With Solutions 100% Correct

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