State RegulationsNC specificDifficulty 3/5
An insurer terminates a North Carolina producer's appointment. Under G.S. 58-33-56, which sequence of deadlines is correct?
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Answer & full 3-part explanation (select an option above, or peek)
Why A is correct
Under G.S. 58-33-56, an insurer that terminates a producer — for cause or otherwise — must notify the Commissioner within 30 days of the effective date of termination, send the producer a copy of the notification within 15 days after making it, and the producer then has 30 days after receiving the copy to submit written comments. The three deadlines run in that 30-15-30 order.
Why the other options are wrong
- B) This swaps the 30-day and 15-day windows; the Commissioner gets 30 days and the producer copy goes out in 15.
- C) Sixty days is not any of the statutory deadlines in G.S. 58-33-56.
- D) Ten days matches none of the three deadlines; the sequence is 30-15-30.
Memory hook
Thirty to the Commissioner, fifteen to the producer, thirty to comment.