State RegulationsNC specificDifficulty 2/5
A producer licensed in North Carolina asks how long her individual producer license remains valid. Under G.S. 58-33-26(l), the correct answer is:
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Answer & full 3-part explanation (select an option above, or peek)
Why C is correct
Under G.S. 58-33-26(l), a North Carolina producer license has no fixed expiration date; it stays in force until suspended or revoked, and compliance is maintained through continuing education and insurer appointments. This surprises candidates trained in states with periodic renewal cycles, so the absence of an expiration date is itself the testable rule.
Why the other options are wrong
- A) The two-year renewal cycle used by many other states does not exist for North Carolina producer licenses.
- B) March 31 is the expiration date that applies to business entity licenses under G.S. 58-33-26(j), not to individual producer licenses.
- D) The license is independent of any single appointment; an appointment can be cancelled without ending the license.
Memory hook
NC producer licenses never expire - they only get suspended or revoked.