State RegulationsNC specificDifficulty 1/5
A producer licensed in North Carolina asks when her individual producer license will expire so she can plan for renewal. What is the correct answer?
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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 has no fixed expiration: it authorizes the producer to act until it is suspended or revoked. Compliance is maintained through continuing education and insurer appointments rather than periodic license renewal, and fees paid are nonrefundable. A producer who keeps her CE current and her appointments in place never faces a license expiration date.
Why the other options are wrong
- A) The two-year renewal cycle is the approach of most other states; in North Carolina, G.S. 58-33-26(l) provides no fixed term.
- C) A March 31 expiration applies to business entity licenses unless their annual fee is renewed, not to individual producer licenses under G.S. 58-33-26(l).
- D) No five-year reissuance term exists in North Carolina; the license runs until suspended or revoked under G.S. 58-33-26(l).
Memory hook
NC producer licenses never age — they only die by suspension.