Free Insurance Regulation Practice Questions
South Carolina Personal Lines exam — 239 practice questions.
Subtopics: Regulatory authority, Regulator structure, License requirement, Continuing education, Appointments, Cancellation notice, Unfair claims practices, Rebating, Fiduciary duty, Financial responsibility, Minimum auto limits, Uninsured motorist, Underinsured motorist, Named driver exclusion, Guaranty association, Director duties, Criminal violations, Financial examinations, Market conduct examinations, Refusal of examination, Examination powers, Examination costs, Producer records, Notice of hearing, Cease and desist, Administrative penalties, Acting without a license, Authority to operate, Certificate of authority, License required, License exemptions, Appointment, Assumed name, Applicant qualifications, Background checks, Licensing examination, License fees, Agency license, Exam waiver, Moving to South Carolina, Nonresident license, Temporary license, Appointment fees, Termination of appointment, Reinstatement, License renewal, Change of address, License discipline, Reporting of actions, Producer conduct, Advertising gifts, Value-added services, Prohibited inducements, Misrepresentation, False advertising, Twisting, Boycott, coercion, intimidation, Coercion by lenders, Claim misrepresentation, False financial statements, Unfair discrimination, Free insurance, Premium finance, Improper claim practices, Fraudulent applications, Fraud reporting, Fraud act, Fraud penalties, Fraud investigation, Fraudulent premium procurement, Premium receipt, Commissions, Premium advances, Privacy notices, Opt out, Surplus lines, Policy forms, Cancellation reasons, New business period, Nonrenewal notice, Renewal terms, Scope, Reasons on request, Property cancellation notice, Director review, Change in risk, Rate standards, Flex rating, Insurance rate, Rate making, Rate law scope, Rate filings, Consumer Advocate, Wind exclusion discount, Guaranty association limits, Guaranty association period, Guaranty association scope, Guaranty association accounts, Guaranty association assessments, Guaranty association claims, Fair Credit Reporting Act, Gramm-Leach-Bliley, Fraud and false statements, Do Not Call, Terrorism Risk Insurance Act, McCarran-Ferguson Act, Anti-money laundering, CAN-SPAM Act, FCRA reporting periods, FCRA adverse action, FCRA permissible purpose, FCRA disputes, Claims history databases, GLBA opt-out, GLBA privacy notice, GLBA enforcement, Prohibited persons (1033), Prohibited persons (1034), Telemarketing calling hours, Do-Not-Call exceptions, Do-Not-Call registry, History of regulation, Risk retention groups, Purchasing groups, Mandatory flood purchase, NFIP origin, Federal Insurance Office, NAIC role, Personal lines authority, Nonresident licensing, Misrepresentation and advertising, Fraud warning, Guaranty associations
Read the Insurance Regulation study guide
Sample questions & answers
1. Property and casualty insurers and personal lines producers in South Carolina are regulated by:
The South Carolina Department of Insurance
The Department of Insurance, run by the director, regulates insurers and licenses producers under Title 38 (38-1-20 defines "Department" and "Director").
2. In South Carolina, the insurance Director who oversees personal lines insurance is:
Appointed by the Governor
Section 38-1-20(19) defines the director as the person appointed by the Governor upon the advice and consent of the Senate.
3. To sell personal auto and homeowners insurance in South Carolina, an individual must:
Hold a P&C or personal lines producer license
Section 38-43-20 requires a license for the line sold; 38-43-75 lets a producer qualify for property and casualty lines or for personal lines (P&C coverage sold to individuals and families for noncommercial purposes).
4. A resident South Carolina personal lines producer generally must complete continuing education of about:
24 hours every two years
Section 38-43-106(A)(1) requires 24 hours of continuing insurance education every two years; Regulation 69-50 requires at least 3 of those hours in ethics.
Practice: Insurance Regulation
Answer choices are shuffled every time, and every question comes with an explanation.
Practice questions are study aids generated for exam preparation and are not actual exam questions. Content is provided for educational purposes and is not legal advice. Verify current statutes, rules, and exam specifications with the Insurance Department and the exam administrator before relying on it.
