State RegulationsNC specificDifficulty 2/5
A licensed North Carolina life and health producer dies, and her spouse wants to keep the agency operating. Which statement accurately describes the temporary license the Commissioner may issue to the spouse?
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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 — for example, to the spouse, personal representative, or guardian of a producer who dies or becomes disabled — for a period not to exceed 180 days, with a longer period allowed only for good cause. No examination is required, the Commissioner may require a licensed sponsor, and the temporary license terminates upon transfer of the business. It bridges the transition without waiving oversight.
Why the other options are wrong
- A) The temporary license requires no examination under G.S. 58-33-66, and its ceiling is 180 days, not one year.
- B) A temporary license does not last indefinitely; G.S. 58-33-66 caps it at 180 days (longer only for good cause) and ends it upon transfer of the business.
- D) The 90-day figure belongs to the adjuster learner's permit under G.S. 58-33-70(c); the temporary license runs up to 180 days and is not renewable in that manner.
Memory hook
Death or disability: 180 days, no exam, gone when the business moves.