NC statues and regulations property

what is the minimum age to obtain an insurance license in North carolina

18

who appoints the commissioner of insurance in North Carolina

the voters

what is the maximum fine for violating insurance laws in NC

$10,000

which of the following is considered rebating under N law

giving a gift card to induce purchase

how often must a licensed agent renew their license in NC

every 2 years

what is the continuing education requirement for property insurance agents in NC

24 hours

which of the following is an unfair trade practice under NC law

misrepresenting policy benefits

what is the grace period for license renewal before it lapse

90 days

what is the penalty for acting as an insurance agent without an license in NC

criminal charges

what is the role of the post assessment insurance guaranty association

to assist insolvent insurers

which of the following is not a duty of the NC commissioner of insurance

prosecuting criminal violations

what is the waiting period before a new license can reapply after revocation

2 years

what is the purpose of the NC rate bureau

to establish rates and forms

which of the following is requires to maintain a license in NC

completion of CE hours

what is the maximum time the commissioner may suspend a license

indefinitely

what is the penalty for failing to report suspected fraud

fine and license revocation

what is the purpose of the fair credit reporting act in insurance

to protect consumer privacy

what is the maximum number of days a temporary license is valid in NC

180 days

which of the following is not allowed under NC insurance advertising laws

misleading statements

what is the penalty for knowingly misrepresenting a policy to a client

fine and possible revocation