State RegulationsNC specificDifficulty 2/5
A licensed North Carolina producer dies and his spouse wants to keep servicing the agency's business temporarily. Under G.S. 58-33-66, which statement about the temporary license is correct?
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Answer & full 3-part explanation (select an option above, or peek)
Why C is correct
Under G.S. 58-33-66, the Commissioner may issue a temporary license to a surviving spouse, personal representative, or guardian of a deceased or disabled producer, among other eligible cases, without requiring an examination. The temporary license may not exceed 180 days unless the Commissioner finds good cause for a longer period, and it terminates upon transfer of the business. The Commissioner may also require a licensed sponsor.
Why the other options are wrong
- A) The statutory ceiling is 180 days rather than one year, and the statute provides for good-cause extension rather than twice-renewable terms.
- B) No examination is required for a temporary license, which is one of its principal purposes after a producer's death or disability.
- D) Surviving spouses and personal representatives of deceased producers are among the statute's explicitly eligible recipients, along with certain business-entity personnel.
Memory hook
Temporary license: 180 days, no exam, ends when the business moves on.