State RegulationsNC specificDifficulty 2/5
A licensed North Carolina life producer dies, and the producer's spouse wants a temporary license to continue servicing the business. What is the maximum duration of the temporary license?
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Answer & full 3-part explanation (select an option above, or peek)
Why A is correct
Under G.S. 58-33-66, a temporary license issued on the death or disability of a producer may not exceed 180 days, although the Commissioner may allow a longer period for good cause. No examination is required, and the temporary license terminates upon transfer of the business; the Commissioner may also require a licensed sponsor.
Why the other options are wrong
- B) Ninety days is the adjuster learner's permit period, not the temporary license maximum.
- C) No 60-day maximum applies to temporary licenses.
- D) There is a statutory limit of 180 days; the license ends on transfer of the business, not whenever the holder chooses.
Memory hook
Temporary means 180 days, give or take good cause.