State RegulationsNC specificDifficulty 1/5
An individual applies to the North Carolina Department of Insurance for a producer license in one line of authority and wants to add a second line in the same application. What fees apply under G.S. 58-33-125(c)?
Select an option to reveal the answer and the full 3-part explanation — free, no signup.
Answer & full 3-part explanation (select an option above, or peek)
Why A is correct
Under G.S. 58-33-125(c), any person required to be licensed pays $50 upon application plus $50 for each additional line of authority applied for, and the fees are nonrefundable. A two-line application therefore costs $100 in application fees, calculated per line rather than as a flat amount.
Why the other options are wrong
- B) $45 is the examination fee paid when booking an examination, not the license application fee.
- C) $11 is the individual producer appointment fee and $10 the Med Supp/LTC appointment fee under G.S. 58-33-125(a); neither is the application fee.
- D) $100 is the business entity license fee under G.S. 58-33-125(a); individual application fees are charged per line.
Memory hook
Fifty to get in, fifty more per extra line - all nonrefundable.