State RegulationsNC specificDifficulty 2/5
An insurer terminates a producer's appointment in North Carolina. Under G.S. 58-33-56, which sequence of notice deadlines applies?
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Answer & full 3-part explanation (select an option above, or peek)
Why D is correct
Under G.S. 58-33-56, an insurer terminating a producer must notify the Commissioner within 30 days after the termination's effective date, whether for cause or otherwise, must send a copy of the notification to the producer within 15 days after making it, and the producer may then submit written comments to the Commissioner within 30 days after receiving the copy. The cascade protects both regulatory oversight and the producer's opportunity to respond.
Why the other options are wrong
- A) This swaps the intervals; the Commissioner notice is the 30-day step and the producer copy is the 15-day step.
- B) 10 days appears nowhere in G.S. 58-33-56; the statute fixes 30, 15, and 30 days.
- C) 60 days is not a G.S. 58-33-56 interval; the Commissioner must be notified within 30 days.
Memory hook
Thirty to the Commissioner, fifteen to the producer, thirty for the reply.