State RegulationsNC specificDifficulty 1/5
An insurer receives a North Carolina producer's first application for insurance from a new client. Under G.S. 58-33-40(b), within what period must the insurer file the notice of appointment?
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Answer & full 3-part explanation (select an option above, or peek)
Why B is correct
Under G.S. 58-33-40(b), the insurer must file the notice of appointment within 15 days after the date the first insurance application is submitted by the producer. The appointment then continues as long as both the producer and the insurer remain licensed, unless either party cancels it.
Why the other options are wrong
- A) Ten days understates the statutory window.
- C) Thirty days is the termination-notice deadline under G.S. 58-33-56, not the appointment-filing deadline.
- D) Forty-five days is the outer premium-notice mailing limit under G.S. 58-58-120, not an appointment deadline.
Memory hook
First application filed, fifteen days to appoint.