A North Carolina producer reaches the end of the biennial compliance period without completing the required continuing education. What is the consequence under North Carolina law?

Why B is correct

Under G.S. 58-33-130(c), failing to complete continuing education causes the license to lapse, but the Commissioner may grant an extension for good cause and/or charge a $75 administrative fee in lieu of lapse. Waivers are limited to military service or long-term physician-certified medical disability.

Why the other options are wrong

• A) The sanction is lapse, not permanent revocation, and relief through an extension or the administrative fee is available.
• C) There is no automatic grace period for missed continuing education.
• D) Continuing education failures do not require reexamination; the license simply lapses absent relief.

Memory hook

Miss CE, license lapses - unless good cause or 75 dollars saves it.

Why A is correct

Under G.S. 58-33-130(c), a producer who fails the CE requirement has a license that lapses, unless the Commissioner grants an extension for good cause and/or charges a $75 administrative fee in lieu of the lapse. Waivers are limited to military service or long-term physician-certified medical disability under 11 NCAC 6A .0802(i).

Why the other options are wrong

• B) The $100 to $1,000 range is the Commissioner's general civil penalty under G.S. 58-2-70(d), not the CE noncompliance remedy.
• C) Retaking the examination applies to failed or missed exams; CE noncompliance is handled through extension or the administrative fee.
• D) The license does not remain active on probation; noncompliance results in lapse unless the statutory alternatives are invoked.

Memory hook

Miss CE, license sleeps — unless $75 or good cause wakes it.