North Carolina Insurance Producer Licensing
N.C. Gen. Stat. Chapter 58, Article 33 (Licensing of Agents, Brokers, Limited Representatives, and Adjusters)
Edition and licensing notes
Status. US state statute.
What this document is
North Carolina Insurance Producer Licensing - N.C. Gen. Stat. Chapter 58, Article 33 (Licensing of Agents, Brokers, Limited Representatives, and Adjusters) is a state statute published by North Carolina General Assembly. It is one of the North Carolina documents that insurance license exam questions are written from, including north carolina property & casualty, north carolina personal lines practice questions. This page summarizes it and points to the official version, which is the text to rely on.
Sections cited in practice questions
Each practice answer shows the exact passage it comes from. These are sections of this document that questions cite, with a short excerpt from the source text.
- G.S. 58-33-56(a), (b), (d) (Notification to Commissioner of termination)
“§ 58-33-56. Notification to Commissioner of termination. (a) An insurer or authorized representative of the insurer that terminates the appointment, employment, contract, or other insurance business relationship with a producer or limited representative shall notify the Commissioner within 30 days...”
- G.S. 58-33-40(b) (Appointment of agents)
“The individual shall be authorized to act as an agent for the appointing insurer for the kinds of insurance for which the insurer is authorized in this State and for which the appointed insurance producer is licensed in this State, unless specifically limited.”
- G.S. 58-33-56(a) (Notification to Commissioner of termination)
“An insurer or authorized representative of the insurer that terminates the appointment, employment, contract, or other insurance business relationship with a producer or limited representative shall notify the Commissioner within 30 days after the effective date of the termination, using a form...”
- G.S. 58-33-75 (Twisting with respect to insurance policies; penalties)
“No licensee shall make or issue, or cause to be issued, any written or oral statement that willfully misrepresents or willfully makes an incomplete comparison as to the terms, conditions, or benefits contained in any policy of insurance for the purpose of inducing or attempting to induce a...”
- G.S. 58-33-76(a) (Referral of business to repair source; prohibitions)
“No insurance company, insurance producer, adjuster or appraiser or any person employed to perform their service shall recommend the use of a particular service or source for the repair of property damage without clearly informing the claimant that the claimant is under no obligation to use the...”
- G.S. 58-33-76(b) (Referral of business to repair source; prohibitions)
“No insurance company, insurance producer, adjuster or appraiser or any person employed to perform their service shall accept any gratuity or other form of remuneration from a repair service for recommending that repair service to a claimant. Provided, however, discounts agreed to by repair services...”
- G.S. 58-33-80 (Discrimination forbidden)
“No insurance producer or representative of any company doing the business of insurance as defined in G.S. 58-7-15 shall make any discrimination in favor of any person.”
- G.S. 58-33-130(c) (Continuing education program for licensees)
“The license of any person who fails to comply with the continuing education requirements under this section shall lapse except that the Commissioner or administrator may either grant an extension of time for good cause shown or charge an administrative fee of seventy-five dollars ($75.00), or both,...”
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More North Carolina sources
- North Carolina General Statutes Chapter 14, Article 19 - False Pretenses and Cheats (G.S. 14-100 through 14-113)State statute
- North Carolina General Statutes Chapter 20, Article 13 - The Vehicle Financial Responsibility Act of 1957 (G.S. 20-309 through 20-319)State statute
- North Carolina General Statutes Chapter 20, Article 9A - Motor Vehicle Safety and Financial Responsibility Act of 1953 (G.S. 20-279.1 through 20-279.39)State statute
- North Carolina General Statutes Chapter 97 - Workers' Compensation Act, complete chapter, Articles 1 through 5 (163 sections, G.S. 97-1 through 97-200)State statute
- N.C. Gen. Stat. s. 58-63-15: Unfair methods of competition and deceptive acts definedState statute
- North Carolina General Statutes Chapter 58, Article 2 - Commissioner of Insurance (G.S. 58-2-1 through 58-2-255)State statute
- North Carolina General Statutes Chapter 58, Article 28 - Unauthorized Insurers (G.S. 58-28-1 through 58-28-45)State statute
- North Carolina General Statutes Chapter 58, Article 36 - North Carolina Rate Bureau (G.S. 58-36-1 through 58-36-120)State statute