South Carolina life and health practice exam

1. In South Carolina, insurance producers report to the Department of Insurance, which is headed by the:

1. Director
2. Secretary of State
3. Superintendent
4. Commissioner

2. How many hours of continuing insurance education must a South Carolina producer complete to be eligible for renewal?

1. 30 hours
2. 24 hours
3. 16 hours
4. 12 hours

3. A South Carolina producer must notify the department of a change of name or address within:

1. 30 days
2. 90 days
3. 10 days
4. 60 days

4. A South Carolina producer must report an administrative action in another jurisdiction, or a criminal conviction, within:

1. 60 days
2. 10 days
3. 30 days
4. The next license renewal

5. South Carolina may issue a temporary producer license, without an examination, for up to:

1. 30 days
2. 90 days
3. 1 year
4. 180 days

1. South Carolina requires a life insurance grace period for premiums after the first of not less than:

1. 10 days
2. 60 days
3. 30 days
4. 31 days

2. In South Carolina, a life policy is incontestable as to the truth of the application after it has been in force during the insured's lifetime for:

1. 3 years
2. 2 years
3. 5 years
4. 1 year

3. In South Carolina, a lapsed life policy may be reinstated within:

1. 3 years after the date of default
2. 1 year after the date of default
3. 2 years after the date of default
4. 5 years after the date of default

4. South Carolina's free look for a life policy is at least 10 days. How long is it when a replacement is involved?

1. 10 days
2. 30 days
3. 20 days
4. 60 days

5. In South Carolina, a life policy sold by direct response may be returned within at least:

1. 10 days
2. 60 days
3. 20 days
4. 31 days

6. A South Carolina life policy may not limit benefits because of suicide for more than 2 years after issue, and if it does limit them, it must provide at least:

1. A return of the premiums paid
2. Half the face amount
3. The cash value only
4. The full face amount

7. If a South Carolina death claim is not paid within 30 days, the payment must include interest:

1. Only from the 31st day
2. No interest is required
3. At the legal rate from the date of death until the claim is paid
4. At 1 percent per year

1. The South Carolina Life and Accident and Health Insurance Guaranty Association covers life insurance cash surrender values up to:

1. $500,000
2. $300,000
3. $250,000
4. $100,000

2. The South Carolina guaranty association covers the present value of annuity benefits up to:

1. $300,000
2. $500,000
3. $250,000
4. $100,000

3. The South Carolina guaranty association covers health benefit plans up to:

1. $250,000
2. $300,000
3. $100,000
4. $500,000