Life, Accident, And Health Insurance Exam SC 190 Questions And Answers
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Terms in this set
190
What are the minimum requirements to become a licensed producer in South Carolina?
- at least 18 years old
- good moral character
- clean SLED background check
- passed LAH exam
- completed DOI registration application and paid fee
- good moral character
- clean SLED background check
- passed LAH exam
- completed DOI registration application and paid fee
What documentation is requested by the SC Department of Insurance to process your application?
DOI confirmation page including evidence of $25 fee paid
Fingerprint Check
PSI original exam score with a 70% of higher
Fingerprint Check
PSI original exam score with a 70% of higher
How long is your exam status good for?
One year
How does a producer become an agent?
Once a person has a license from the DOI, individual insurers appoint the producer to be their agents/legal representatives.
Agents can be appointed to many carriers.
Agents can be appointed to many carriers.
Name the 3 types of individual licenses issued by the Director.
- Individual Producer
- Nonresident producer
- Temporary License
- Nonresident producer
- Temporary License
Who does a broker represent?
A broker is an individual licensed by the director or his designee to represent the citizens of the state and placing their insurance.
How long is your insurance license good for?
Valid indefinitely, renewed biennially
The director must be bonded with a surety bond of _______________.
$50,000
The Director can examine the books and records of an insurer as often ______________, but must do so at least _______ every _______ years.
As necessary, once, five
Which insurers must be examined by the DOI?
Domestic Insurers