18844747
Frage 1
Frage
In order to gain a surety producer license in South Carolina the prospective agent must?
Antworten
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Be at least 18 years of age
-
Of good moral character
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Pass the state mandated PSI examination
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All of the above
Frage 2
Frage
All prospective limited lines surety insurance producers must take a pre-licensing class.
Antworten
- True
- False
Frage 3
Frage
A producer may do all of the following except:
Antworten
-
sell, solicit, or negotiate insurance on behalf of an insurer
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provide false information in an attempt to deceive the insured
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receives or delivers a policy of insurance of an insurer
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receive, transmit, or collect any insurance premium
Frage 4
Frage
Any person whom requests a surety insurance producer license in South Carolina, but resides in another state may be granted licensure as a _______ producer.
Antworten
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Nonresident
-
Resident
-
Foreign
-
Domestic
Frage 5
Frage
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?
Antworten
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Domestic
-
Permanent
-
Temporary
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Resident
Frage 6
Frage
How long may the director issue a temporary producer license in South Carolina?
Antworten
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30 days
-
180 days
-
90 days
-
60 days
Frage 7
Frage
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.
Antworten
- True
- False
Frage 8
Frage
In order to obtain a surety insurance producer, limited lines, license a person must be:
Antworten
-
At least 18 years old
-
Resident of South Carolina
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Of good Moral Character
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Not convicted of a crime of moral turpitude in the previous 10 years
-
All of the above
Frage 9
Frage
Types of surety insurance producer, limited lines, licenses:
Antworten
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Producer
-
Nonresident Producer
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Temporary Producer
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Broker
-
All of the above
Frage 10
Frage
An insurance producer must renew their producer license biannually.
Antworten
- True
- False
Frage 11
Frage
An individual producer license holder must complete 24 hours of continuing education biannually.
Antworten
- True
- False
Frage 12
Frage
An individual producer license must be renewed by ___________.
Antworten
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June 30th
-
May 1st
-
January 1st
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Last day of the producers birth month
Frage 13
Frage
An individual producer license may be renewed if the biennial license renewal fee has not been paid.
Antworten
- True
- False
Frage 14
Frage
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.
Antworten
- True
- False
Frage 15
Frage
All administrative actions must be reported to the director within _______ days of the cases disposition, along with a copy of the court order.
Antworten
-
15
-
20
-
30
-
45
Frage 16
Frage
All criminal accusations must be provided to the director within _______ days of the initial pretrial hearing
Antworten
-
30
-
45
-
60
-
90
Frage 17
Frage
A surety insurance producer that is licensed for limited lines insurance is exempt from continuing education.
Antworten
- True
- False
Frage 18
Frage
A limited lines surety insurance producer for the purpose of bail bonding must complete _____ hours of continuing education annually.
Antworten
-
4
-
6
-
8
-
24
Frage 19
Frage
An individual producer of property and casualty must complete ______ hours of continuing education biannually.
Antworten
-
24
-
12
-
8
-
6
Frage 20
Frage
All license holders must supply the department with:
Antworten
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Business name
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Email
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Mailing address
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Residential address
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All of the above
Frage 21
Frage
A surety insurance producer has _______ days to notify the director of any change of address.
Antworten
-
10
-
30
-
45
-
60
Frage 22
Frage
If a producer is served with a cease and desist order they may be fined _____ per day if they continue to operate unwillingly.
Antworten
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$50
-
$100
-
$150
-
$200
Frage 23
Frage
If a producer is served with a cease and desist order they may be fined _____ per day if they continue to operate willingly.
Antworten
-
$50
-
$100
-
$150
-
$200
Frage 24
Frage
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.
Antworten
- True
- False
Frage 25
Frage
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.
Antworten
- True
- False
Frage 26
Frage
All records must be kept for _______ years, for the purpose of audit by the director or his designee.
Antworten
-
0
-
1
-
5
-
10
Frage 27
Frage
It is unlawful for a producer to act as fiduciary in which of the following cases:
Antworten
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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
Frage 28
Frage
No producer may sign any blank application, contract, or policy of insurance.
Antworten
- True
- False
Frage 29
Frage
If a producer is found to be signing blank forms they may be fined _______ per form signed.
Antworten
-
$25
-
$50
-
$150
-
$200
Frage 30
Frage
A producer may share commission with any person whom does not hold the necessary licensure to conduct business
Antworten
- True
- False
Frage 31
Frage
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.
Antworten
- True
- False
Frage 32
Frage
No producer may do any of the following:
Antworten
-
Misrepresentation
-
False advertising
-
Defamation
-
All of the above
Frage 33
Frage
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.
Antworten
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Twisting
-
Rebate
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Free Insurance
-
Inducement
Frage 34
Frage
_________ 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.
Antworten
-
Twisting
-
Rebate
-
Free Insurance
-
Inducement
Frage 35
Frage
A producer shall not advertise insurance in anyway using the word "free"
Antworten
- True
- False
Frage 36
Frage
No producer may enter into a policy promising the insured which of the following:
Antworten
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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
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Giving, allowing, arranging for, or offering any advisory board contract, or similar contract, promising returns and profits
-
Any of the above
Frage 37
Frage
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?
Antworten
-
Misrepresentation
-
False advertising
-
Defamation
-
Unfair discrimination
Frage 38
Frage
The director of insurance is appointed by the:
Antworten
-
Governor
-
House of Representatives
-
Senate
-
None of the above
Frage 39
Frage
The director of insurance must be at minimum _________ years old at the time of appointment
Antworten
-
60
-
45
-
30
-
50
Frage 40
Frage
The Fair Credit Reporting act is utilized to protect the information and integrity of the __________.
Antworten
-
Producer
-
Insurer
-
Consumer
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SCDOI
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