LESSON 11 NC STATUTES & REGULATIONS PERTINENT TO LIFE INSURANCE

Adjuster - ANS-a person who for investigates or reports to his principal relative to claims arising under insurance claims arising under insurance contracts other than life or annuity for any type of compensation. Agent - ANS-a person licensed to solicit applications for, or negotiate a policy, of insurance. Agent, Adjuster, Etc., Acting Without a License or Violating Insurance Law - ANS-Class 1 Misdemeanor for anyone w/out appropriate license to: -act as, or pretend to be, principal, agent, broker, limited representative, adjuster or licensed motor vehicle damage appraiser without required license. -solicit, examine or inspect any risk. -examine into, adjust, or aid in adjusting any loss. -investigate or advise relative to amount of damages/amount needed to make automotive repairs. -received, collect, transmit any premium of insurance. -any other act of soliciting, making, or executing any contract of insurance of any kind otherwise the law permits. Application for License - ANS--at least 18 -not committed any act that is g