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This chapter will make up roughly 30%, 15 questions, of the required examination.

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Chapter 1 Quiz

Chapter 1 Quiz

Frage 1 von 40

1

In order to gain a surety producer license in South Carolina the prospective agent must?

Wähle eine der folgenden:

  • Be at least 18 years of age

  • Of good moral character

  • Pass the state mandated PSI examination

  • All of the above

Erklärung

Frage 2 von 40

1

All prospective limited lines surety insurance producers must take a pre-licensing class.

Wähle eins der folgenden:

  • WAHR
  • FALSCH

Erklärung

Frage 3 von 40

1

A producer may do all of the following except:

Wähle eine der folgenden:

  • sell, solicit, or negotiate insurance on behalf of an insurer

  • provide false information in an attempt to deceive the insured

  • receives or delivers a policy of insurance of an insurer

  • receive, transmit, or collect any insurance premium

Erklärung

Frage 4 von 40

1

Any person whom requests a surety insurance producer license in South Carolina, but resides in another state may be granted licensure as a _______ producer.

Wähle eine der folgenden:

  • Nonresident

  • Resident

  • Foreign

  • Domestic

Erklärung

Frage 5 von 40

1

The director may issue a _________ producer license to an individual if it best serves the public interest when such instances as death or military service occur to the original producer?

Wähle eine der folgenden:

  • Domestic

  • Permanent

  • Temporary

  • Resident

Erklärung

Frage 6 von 40

1

How long may the director issue a temporary producer license in South Carolina?

Wähle eine der folgenden:

  • 30 days

  • 180 days

  • 90 days

  • 60 days

Erklärung

Frage 7 von 40

1

An insurance broker must be a property casualty license holder, pass a separate examination, and be bonded in order to prevent loss by the insured due to negligent actions.

Wähle eins der folgenden:

  • WAHR
  • FALSCH

Erklärung

Frage 8 von 40

1

In order to obtain a surety insurance producer, limited lines, license a person must be:

Wähle eine der folgenden:

  • At least 18 years old

  • Resident of South Carolina

  • Of good Moral Character

  • Not convicted of a crime of moral turpitude in the previous 10 years

  • All of the above

Erklärung

Frage 9 von 40

1

Types of surety insurance producer, limited lines, licenses:

Wähle eine der folgenden:

  • Producer

  • Nonresident Producer

  • Temporary Producer

  • Broker

  • All of the above

Erklärung

Frage 10 von 40

1

An insurance producer must renew their producer license biannually.

Wähle eins der folgenden:

  • WAHR
  • FALSCH

Erklärung

Frage 11 von 40

1

An individual producer license holder must complete 24 hours of continuing education biannually.

Wähle eins der folgenden:

  • WAHR
  • FALSCH

Erklärung

Frage 12 von 40

1

An individual producer license must be renewed by ___________.

Wähle eine der folgenden:

  • June 30th

  • May 1st

  • January 1st

  • Last day of the producers birth month

Erklärung

Frage 13 von 40

1

An individual producer license may be renewed if the biennial license renewal fee has not been paid.

Wähle eins der folgenden:

  • WAHR
  • FALSCH

Erklärung

Frage 14 von 40

1

Any surety insurance producer license holder in the state of South Carolina must report any administrative or criminal action taken against them to the director or his designee.

Wähle eins der folgenden:

  • WAHR
  • FALSCH

Erklärung

Frage 15 von 40

1

All administrative actions must be reported to the director within _______ days of the cases disposition, along with a copy of the court order.

Wähle eine der folgenden:

  • 15

  • 20

  • 30

  • 45

Erklärung

Frage 16 von 40

1

All criminal accusations must be provided to the director within _______ days of the initial pretrial hearing

Wähle eine der folgenden:

  • 30

  • 45

  • 60

  • 90

Erklärung

Frage 17 von 40

1

A surety insurance producer that is licensed for limited lines insurance is exempt from continuing education.

Wähle eins der folgenden:

  • WAHR
  • FALSCH

Erklärung

Frage 18 von 40

1

A limited lines surety insurance producer for the purpose of bail bonding must complete _____ hours of continuing education annually.

Wähle eine der folgenden:

  • 4

  • 6

  • 8

  • 24

Erklärung

Frage 19 von 40

1

An individual producer of property and casualty must complete ______ hours of continuing education biannually.

Wähle eine der folgenden:

  • 24

  • 12

  • 8

  • 6

Erklärung

Frage 20 von 40

1

All license holders must supply the department with:

Wähle eine der folgenden:

  • Business name

  • Email

  • Mailing address

  • Residential address

  • All of the above

Erklärung

Frage 21 von 40

1

A surety insurance producer has _______ days to notify the director of any change of address.

Wähle eine der folgenden:

  • 10

  • 30

  • 45

  • 60

Erklärung

Frage 22 von 40

1

If a producer is served with a cease and desist order they may be fined _____ per day if they continue to operate unwillingly.

Wähle eine der folgenden:

  • $50

  • $100

  • $150

  • $200

Erklärung

Frage 23 von 40

1

If a producer is served with a cease and desist order they may be fined _____ per day if they continue to operate willingly.

Wähle eine der folgenden:

  • $50

  • $100

  • $150

  • $200

Erklärung

Frage 24 von 40

1

The director must notify the individual producer of any disciplinary hearing either in writing or by certified mail 30 days prior to the hearing being held.

Wähle eins der folgenden:

  • WAHR
  • FALSCH

Erklärung

Frage 25 von 40

1

Producers are not required to make and keep a full and correct record of the business done by them, showing the number, date, term, amount insured, premiums, and the person to whom issued of every policy or certificate of renewal.

Wähle eins der folgenden:

  • WAHR
  • FALSCH

Erklärung

Frage 26 von 40

1

All records must be kept for _______ years, for the purpose of audit by the director or his designee.

Wähle eine der folgenden:

  • 0

  • 1

  • 5

  • 10

Erklärung

Frage 27 von 40

1

It is unlawful for a producer to act as fiduciary in which of the following cases:

Wähle eine der folgenden:

  • a. undertake or pretend to represent an insurer licensed to do business in this State, or to collect or do business for the insurer without the authority of the insurer

  • secure cash advances by false statements

  • fail to turn over or satisfactorily account for all collections of the insurer when required

  • All of the above

Erklärung

Frage 28 von 40

1

No producer may sign any blank application, contract, or policy of insurance.

Wähle eins der folgenden:

  • WAHR
  • FALSCH

Erklärung

Frage 29 von 40

1

If a producer is found to be signing blank forms they may be fined _______ per form signed.

Wähle eine der folgenden:

  • $25

  • $50

  • $150

  • $200

Erklärung

Frage 30 von 40

1

A producer may share commission with any person whom does not hold the necessary licensure to conduct business

Wähle eins der folgenden:

  • WAHR
  • FALSCH

Erklärung

Frage 31 von 40

1

Any licensed producer whom conducts any business in the capacity of insurance for a company not recognized by the state of South Carolina is guilty of a misdemeanor, and will be personally responsible for any business conducted.

Wähle eins der folgenden:

  • WAHR
  • FALSCH

Erklärung

Frage 32 von 40

1

No producer may do any of the following:

Wähle eine der folgenden:

  • Misrepresentation

  • False advertising

  • Defamation

  • All of the above

Erklärung

Frage 33 von 40

1

No producer may give or promise to give a _______, or an offer to forgo the insureds obligation for payment of premium owed outlined in the policy.

Wähle eine der folgenden:

  • Twisting

  • Rebate

  • Free Insurance

  • Inducement

Erklärung

Frage 34 von 40

1

_________ is a false or misleading claim against another insurer in an attempt to lead the consumer to lapse, forfeit, surrender, terminate, retain, or convert an insurance policy or to take out a policy with another insurer.

Wähle eine der folgenden:

  • Twisting

  • Rebate

  • Free Insurance

  • Inducement

Erklärung

Frage 35 von 40

1

A producer shall not advertise insurance in anyway using the word "free"

Wähle eins der folgenden:

  • WAHR
  • FALSCH

Erklärung

Frage 36 von 40

1

No producer may enter into a policy promising the insured which of the following:

Wähle eine der folgenden:

  • Paying, allowing, giving, or offering any paid employment or contract for services of any kind

  • Giving, selling, or purchasing or offering or agreeing to give, sell, purchase, allow, or provide for any agreement promising returns and profits, or any stock, bonds, or other securities, including trading stamps or other properties or present or contingent interest therein of any insurer or other corporation, association, partnership, or person, or any dividends or profits accrued thereon

  • Giving, allowing, arranging for, or offering any advisory board contract, or similar contract, promising returns and profits

  • Any of the above

Erklärung

Frage 37 von 40

1

A producer may not make or permit any discrimination in favor of individuals between insureds of the same class and risk involving the same hazards in the amount of the payment of premium. This act would be considered?

Wähle eine der folgenden:

  • Misrepresentation

  • False advertising

  • Defamation

  • Unfair discrimination

Erklärung

Frage 38 von 40

1

The director of insurance is appointed by the:

Wähle eine der folgenden:

  • Governor

  • House of Representatives

  • Senate

  • None of the above

Erklärung

Frage 39 von 40

1

The director of insurance must be at minimum _________ years old at the time of appointment

Wähle eine der folgenden:

  • 60

  • 45

  • 30

  • 50

Erklärung

Frage 40 von 40

1

The Fair Credit Reporting act is utilized to protect the information and integrity of the __________.

Wähle eine der folgenden:

  • Producer

  • Insurer

  • Consumer

  • SCDOI

Erklärung

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