State RegulationsNC specificDifficulty 1/5
How long does an individual North Carolina producer license remain in force under G.S. 58-33-26(l)?
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Answer & full 3-part explanation (select an option above, or peek)
Why B is correct
Under G.S. 58-33-26(l), a North Carolina producer license stays in force until suspended or revoked; it carries no fixed expiration date. Compliance is maintained through continuing education and insurer appointments rather than periodic renewal, so a licensee who keeps CE obligations current and remains appointed can act indefinitely without ever renewing the license itself.
Why the other options are wrong
- A) The two-year renewal cycle used by many other states does not exist for NC producer licenses; only the CE compliance period is biennial.
- C) No five-year term appears in G.S. 58-33-26(l); there is no fixed term of any length.
- D) The March 31 date governs the business entity license fee cycle under G.S. 58-33-26(j), not individual producer license expiration.
Memory hook
In North Carolina a producer license never expires on its own.