State RegulationsNC specificDifficulty 1/5
An insurer appoints a producer in North Carolina who submits the first application on a client's behalf. When must the insurer file the notice of appointment with the Department?
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Answer & full 3-part explanation (select an option above, or peek)
Why D is correct
G.S. 58-33-40(b) requires the insurer to file a notice of appointment within 15 days after the date the first insurance application is submitted. The appointment then continues as long as both the producer and the insurer remain licensed, and renewal appointment fees must be remitted before April 1 each year under G.S. 58-33-40(e) and (f).
Why the other options are wrong
- A) The 15-day clock in G.S. 58-33-40(b) runs from the date the first application is submitted, not from the date the producer's license is issued.
- B) Continuing education compliance is unrelated to the appointment-filing deadline in G.S. 58-33-40(b).
- C) Sixty days is the filing window for a relocating nonresident's new home-state license and address change under G.S. 58-33-30(h)(2); appointments are filed within 15 days.
Memory hook
First application today — appointment filed inside 15 days.