1. Exam Prep
  2. South Carolina
  3. Property & Casualty
  4. Insurance Regulation

Free Insurance Regulation Practice Questions

South Carolina Property & Casualty exam — 27 practice questions.

Subtopics: Certificate of authority, Surplus lines, Licensing exam, Adjuster licensing, Rate standards, Form filing, Coercion, Defamation, Boycott, Twisting, Continuing education scope, License lapse, Consumer complaints, Workers compensation oversight, Workers compensation market, Misappropriation, Unauthorized insurers, Federal fraud statute, Fair Credit Reporting Act, Gramm-Leach-Bliley, Terrorism Risk Insurance Act, Do Not Call, McCarran-Ferguson Act, NAIC role, Unfair claims settlement, Anti-money laundering, Fraud warning statements

Read the Insurance Regulation study guide

Sample questions & answers

1. An insurer authorized to transact business in South Carolina holds:

A certificate of authority from the Department

An insurer must obtain a certificate of authority from the South Carolina Department of Insurance to transact business in the state.

2. Coverage that cannot be obtained from admitted South Carolina insurers may be placed with:

A surplus lines (nonadmitted) insurer through a licensed surplus lines broker

When coverage is unavailable from admitted insurers, it may be placed with eligible surplus lines insurers through a licensed surplus lines broker.

3. To obtain a South Carolina property and casualty producer license, an applicant generally must:

Pass the licensing examination

Applicants generally must pass the state licensing examination for the line of authority sought.

4. A person who investigates and settles insurance claims for an insurer in South Carolina generally must hold a:

Adjuster license

Adjusting claims in South Carolina generally requires an adjuster license; the specific requirements should be verified with the Department.

All Property & Casualty topics

Practice: Insurance Regulation

Take a randomized, timed-style practice test. Answer choices are shuffled and your results are scored instantly with an explanation for every question.

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.