State RegulationsNC specificDifficulty 2/5
A newly licensed producer in Charlotte asks when the North Carolina producer license will expire. Which answer is correct?
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Answer & full 3-part explanation (select an option above, or peek)
Why B is correct
G.S. 58-33-26(l) provides that a producer license remains in force until suspended or revoked — North Carolina sets no fixed expiration date for individual producer licenses. Compliance is maintained through continuing education under G.S. 58-33-130 and insurer appointments under G.S. 58-33-40, and license and appointment fees are nonrefundable under G.S. 58-33-125(g).
Why the other options are wrong
- A) The two-year renewal cycle used in many other states does not exist for North Carolina producer licenses; G.S. 58-33-26(l) sets no fixed term.
- C) Five years is the life reinstatement window under G.S. 58-58-22(5) and the CE record-retention period under 11 NCAC 6A .0802(g), not a license term.
- D) March 31 relates to the business entity license fee year under G.S. 58-33-125(a) and G.S. 58-33-26(j), not to individual producer license expiration.
Memory hook
NC licenses don't expire — they're only suspended or revoked.