Pregunta 1
Pregunta
In order to gain a surety producer license in South Carolina the prospective agent must?
Pregunta 2
Pregunta
All prospective limited lines surety insurance producers must take a pre-licensing class.
Pregunta 3
Pregunta
A producer may do all of the following except:
Respuesta
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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
Pregunta 4
Pregunta
Any person whom requests a surety insurance producer license in South Carolina, but resides in another state may be granted licensure as a _______ producer.
Respuesta
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Nonresident
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Resident
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Foreign
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Domestic
Pregunta 5
Pregunta
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?
Respuesta
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Domestic
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Permanent
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Temporary
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Resident
Pregunta 6
Pregunta
How long may the director issue a temporary producer license in South Carolina?
Respuesta
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30 days
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180 days
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90 days
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60 days
Pregunta 7
Pregunta
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.
Pregunta 8
Pregunta
In order to obtain a surety insurance producer, limited lines, license a person must be:
Pregunta 9
Pregunta
Types of surety insurance producer, limited lines, licenses:
Respuesta
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Producer
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Nonresident Producer
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Temporary Producer
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Broker
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All of the above
Pregunta 10
Pregunta
An insurance producer must renew their producer license biannually.
Pregunta 11
Pregunta
An individual producer license holder must complete 24 hours of continuing education biannually.
Pregunta 12
Pregunta
An individual producer license must be renewed by ___________.
Pregunta 13
Pregunta
An individual producer license may be renewed if the biennial license renewal fee has not been paid.
Pregunta 14
Pregunta
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.
Pregunta 15
Pregunta
All administrative actions must be reported to the director within _______ days of the cases disposition, along with a copy of the court order.
Pregunta 16
Pregunta
All criminal accusations must be provided to the director within _______ days of the initial pretrial hearing
Pregunta 17
Pregunta
A surety insurance producer that is licensed for limited lines insurance is exempt from continuing education.
Pregunta 18
Pregunta
A limited lines surety insurance producer for the purpose of bail bonding must complete _____ hours of continuing education annually.
Pregunta 19
Pregunta
An individual producer of property and casualty must complete ______ hours of continuing education biannually.
Pregunta 20
Pregunta
All license holders must supply the department with:
Respuesta
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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
Pregunta 21
Pregunta
A surety insurance producer has _______ days to notify the director of any change of address.
Pregunta 22
Pregunta
If a producer is served with a cease and desist order they may be fined _____ per day if they continue to operate unwillingly.
Pregunta 23
Pregunta
If a producer is served with a cease and desist order they may be fined _____ per day if they continue to operate willingly.
Pregunta 24
Pregunta
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.
Pregunta 25
Pregunta
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.
Pregunta 26
Pregunta
All records must be kept for _______ years, for the purpose of audit by the director or his designee.
Pregunta 27
Pregunta
It is unlawful for a producer to act as fiduciary in which of the following cases:
Respuesta
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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
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secure cash advances by false statements
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fail to turn over or satisfactorily account for all collections of the insurer when required
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All of the above
Pregunta 28
Pregunta
No producer may sign any blank application, contract, or policy of insurance.
Pregunta 29
Pregunta
If a producer is found to be signing blank forms they may be fined _______ per form signed.
Pregunta 30
Pregunta
A producer may share commission with any person whom does not hold the necessary licensure to conduct business
Pregunta 31
Pregunta
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.
Pregunta 32
Pregunta
No producer may do any of the following:
Respuesta
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Misrepresentation
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False advertising
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Defamation
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All of the above
Pregunta 33
Pregunta
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.
Respuesta
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Twisting
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Rebate
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Free Insurance
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Inducement
Pregunta 34
Pregunta
_________ 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.
Respuesta
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Twisting
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Rebate
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Free Insurance
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Inducement
Pregunta 35
Pregunta
A producer shall not advertise insurance in anyway using the word "free"
Pregunta 36
Pregunta
No producer may enter into a policy promising the insured which of the following:
Respuesta
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Paying, allowing, giving, or offering any paid employment or contract for services of any kind
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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
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Any of the above
Pregunta 37
Pregunta
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?
Respuesta
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Misrepresentation
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False advertising
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Defamation
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Unfair discrimination
Pregunta 38
Pregunta
The director of insurance is appointed by the:
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Governor
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House of Representatives
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Senate
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None of the above
Pregunta 39
Pregunta
The director of insurance must be at minimum _________ years old at the time of appointment
Pregunta 40
Pregunta
The Fair Credit Reporting act is utilized to protect the information and integrity of the __________.
Respuesta
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Producer
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Insurer
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Consumer
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SCDOI