South Carolina Course Update November 2019
> South Carolina Property & Casualty, and Personal Lines Addendum
SOUTH CAROLINA LIFE & HEALTH
Addendum: for use with South Carolina Life, Accident, and Health online ExamFX course and study guide version 23730en/23736en, per exam outline updates effective 11/7/2019.
- South Carolina Life, Accident and Health Insurance Producer Examination (Series 19-03)
- 150 Questions
- Time Limit: 2.5 hours
|
Chapter |
Percent of Exam |
|
Insurance Regulation |
15% |
|
General Insurance |
5% |
|
Life Insurance Basics |
9% |
|
Life Insurance Policies |
6% |
|
Life Insurance Policy Provisions, Options and Riders |
11% |
|
Annuities |
5% |
|
Federal Tax Considerations for Life Insurance and Annuities |
3% |
|
Health Insurance Basics |
8% |
|
Individual Health Insurance Policy General Provisions |
7% |
|
Disability Income and Related Insurance |
7% |
|
Medical Plans |
7% |
|
Group Health Insurance |
6% |
|
Dental Insurance |
2% |
|
Insurance for Senior Citizens and Special Needs Individuals |
8% |
|
Federal Tax Considerations for Health Insurance |
1% |
The following are content additions to supplement your existing text unless otherwise indicated.
Life Insurance Policy Provisions, Riders, and Options
G. Nonforfeiture Options
1. Cash Surrender Value
All life insurance policies issued in this state must contain the following:
- A statement that the cash surrender values available under the policy are not less than the minimum values required by the state law;
- An explanation how the cash surrender values are altered by the existence of any paid-up additions credited to the policy or any indebtedness to the insurer on the policy; and
- A statement that the method of computation has been filed with the insurance supervisory official of the state.
The insurer may reserve the right to defer the payment of any cash surrender value for a period of 6 months after the policy surrender.
Insurance Regulation
A. Licensing
3. Maintenance and Duration
Continuing Education
Multi-line producers who do not wish to complete the required 8 hours in each line of authority must submit a request in writing to the Department to cancel the line(s) of authority in which they do not wish to complete the required hours. All producers are still required to complete a total of 24 hours of CE, including 3 hours of ethics.
SOUTH CAROLINA PROPERTY & CASUALTY, AND PERSONAL LINES
Addendum: for use with South Carolina Property & Casualty and Personal Lines online ExamFX courses and study guides version 18112en/18113en (P&C), and 20786en (PL) per exam content outline updates effective 11/07/2019.
New exam breakdowns:
- South Carolina Property Insurance (Series 19-05)
- 100 Questions
- Time Limit: 2 hours
|
Chapter |
Percent of Exam |
|
General Insurance |
5% |
|
Property Insurance Basics |
18% |
|
Dwelling ('02) Policy |
12% |
|
Homeowners ('11) Policy |
15% |
|
Auto Insurance |
12% |
|
Commercial Package Policy (CPP) |
12% |
|
Businessowners ('10) Policy - Property |
9% |
|
Other Coverages and Options |
7% |
|
Insurance Regulation |
10% |
- South Carolina Property and Casualty Insurance (Series 19-04)
- 150 Questions
- Time Limit: 2.5 hours
|
Chapter |
Percent of Exam |
|
Insurance Regulation |
10% |
|
General Insurance |
7% |
|
Property and Casualty Insurance Basics |
16% |
|
Dwelling ('02) Policy |
5% |
|
Homeowners ('11) Policy |
13% |
|
Auto Insurance |
18% |
|
Commercial Package Policy (CPP) |
11% |
|
Businessowners Policy |
6% |
|
Workers Compensation Insurance |
5% |
|
Surety and Fidelity |
3% |
|
Other Coverages and Options |
6% |
The following are content additions or revisions to the existing text:
Insurance Regulation
A. Licensing
3. Maintenance and Duration
Continuing Education
Providers of CE courses must send a certification of course completion to the CE Administrator, as well as to each individual producer who successfully completed an approved course within 30 business days after the course completion.
A producer who successfully completes an approved course may not repeat the course and receive certification within 2 years of its original completion.
Multi-line producers who do not wish to complete the required 8 hours in each line of authority must submit a request in writing to the Department to cancel the line(s) of authority in which they do not wish to complete the required hours. All producers are still required to complete a total of 24 hours of CE, including 3 hours of ethics.
Reinstatement – minor revisions
A producer who allows the license to lapse for failure to comply with the continuing education requirements may reinstate the same license within 6 months if the continuing education requirements have been met, and the required penalty fee of $50 has been paid. Failure to comply with the CE and record keeping fee requirements will result in license revocation and appointment cancellation.
A licensed insurance producer who is unable to comply with license renewal procedure due to active military service or some other extenuating circumstance (such as an illness or catastrophic events beyond the control of the producer) may request a hardship waiver of those procedures. The producer may also request a waiver of any examination requirement or any other fine or sanction imposed for failure to comply with renewal procedures.