NC LIFE INSURANCE STATE EXAM SCRIPT
2026 COMPLETE QUESTIONS AND
UPDATED SOLUTIONS GRADED A+
⩥ Commissioner may call and hold hearings deemed for any purpose
necessary. Written notice must be given at least:. Answer: 10 days
written notice
⩥ At the very least, a company shall be examined:. Answer: Once every
five years
⩥ Any person who willfully violates a cease/desist order from the
Commissioner.... Answer: May be subject to a fine between $1,000 and
$5,000 for each separate violation.
⩥ Before a policy is issued, the __________, ___________________,
and ____________ must be filed with the Commissioner of Insurance.
Answer: Form, classification/risks, and premium rates
⩥ A licensee may not transact insurance business in North Carolina until
they are:. Answer: appointed by an insurer
⩥ Licensed agents moving to NC have __ days to apply for a resident
license. Answer: 90
, ⩥ Resident agents must complete __ hours of continuing education to
keep their license active. _ hours must be in ethics. Answer: 24. 3
⩥ If a license lapses, the licensee may renew within __ ______ without
taking a prelicensing course and state licensing exam. Fees and
continuing education still apply. Answer: 4 months
⩥ Agents must report a change in address or name to the Commissioner
within __. Answer: 10 business days
⩥ If a licensee is convicted in any court for any crime or offense other
than a motor vehicle infraction, the licensee must notify the
Commissioner no more than ___ _______ after the date of conviction.
Answer: 10 days
⩥ An agent cannot act as an agent until they are ____________ to work
for that insurer. Answer: appointed
⩥ Insurer's are responsible for notifying the Commission within ___
_______ of an agent's appointment. Answer: 30 days
⩥ An insurer that terminates an agent appointment must notify the
Commission within ___ ______ of the date of termination. Answer: 30
days
2026 COMPLETE QUESTIONS AND
UPDATED SOLUTIONS GRADED A+
⩥ Commissioner may call and hold hearings deemed for any purpose
necessary. Written notice must be given at least:. Answer: 10 days
written notice
⩥ At the very least, a company shall be examined:. Answer: Once every
five years
⩥ Any person who willfully violates a cease/desist order from the
Commissioner.... Answer: May be subject to a fine between $1,000 and
$5,000 for each separate violation.
⩥ Before a policy is issued, the __________, ___________________,
and ____________ must be filed with the Commissioner of Insurance.
Answer: Form, classification/risks, and premium rates
⩥ A licensee may not transact insurance business in North Carolina until
they are:. Answer: appointed by an insurer
⩥ Licensed agents moving to NC have __ days to apply for a resident
license. Answer: 90
, ⩥ Resident agents must complete __ hours of continuing education to
keep their license active. _ hours must be in ethics. Answer: 24. 3
⩥ If a license lapses, the licensee may renew within __ ______ without
taking a prelicensing course and state licensing exam. Fees and
continuing education still apply. Answer: 4 months
⩥ Agents must report a change in address or name to the Commissioner
within __. Answer: 10 business days
⩥ If a licensee is convicted in any court for any crime or offense other
than a motor vehicle infraction, the licensee must notify the
Commissioner no more than ___ _______ after the date of conviction.
Answer: 10 days
⩥ An agent cannot act as an agent until they are ____________ to work
for that insurer. Answer: appointed
⩥ Insurer's are responsible for notifying the Commission within ___
_______ of an agent's appointment. Answer: 30 days
⩥ An insurer that terminates an agent appointment must notify the
Commission within ___ ______ of the date of termination. Answer: 30
days
