State RegulationsNC specificDifficulty 2/5
An insurer in Greensboro terminates a producer's appointment. Under G.S. 58-33-56, which timeline correctly describes the producer's copy and comment rights?
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Answer & full 3-part explanation (select an option above, or peek)
Why A is correct
G.S. 58-33-56(a) requires the insurer to notify the Commissioner within 30 days after terminating a producer, whether or not the termination was for cause; G.S. 58-33-56(b) requires a copy of that notification to go to the producer within 15 days; and G.S. 58-33-56(d) lets the producer submit written comments within 30 days after receiving the copy.
Why the other options are wrong
- B) This swaps the periods; the copy goes to the producer within 15 days and the producer has 30 days to comment, per G.S. 58-33-56(b) and (d).
- C) No 90- or 180-day periods appear in G.S. 58-33-56; the statutory deadlines are 30 days to the Commissioner, 15 days for the producer's copy, and 30 days for comments.
- D) Five business days is the replacement notice deadline under 11 NCAC 12 .0612(a)(2), not a termination-notice period under G.S. 58-33-56.
Memory hook
30 to the Commissioner, 15 to the producer, 30 to respond.