This due diligence worksheet is used to summarize the analysis of insurance policies regarding business transactions.
North Carolina Insurance Policy Summary Information Worksheet
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How to fill out Insurance Policy Summary Information Worksheet?
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The life insurance exam and accident and health insurance exam are each 60 multiple-choice questions, five of which are pre-test questions. You have 75 minutes to complete each exam. You need to answer 70 percent or more questions correctly to pass.
Required Coverage In North Carolina Bodily injury liability coverage: Minimum legal requirement $30,000 per person and $60,000 per accident. Property damage liability coverage: Minimum legal requirement $25,000. Uninsured motorist bodily injury: Minimum legal requirement $30,000 per person and $60,000 per accident.
Though it may seem somewhat overwhelming at first, preparing for and taking the state health and life insurance exam is NOT that difficult. In fact, most agents who take the exam admit that it was easier than they imagined.
200b200b200b200b200bAll vehicles with a valid North Carolina registration are required by state law (G.S. 20-309) to have continuous liability insurance provided by a company licensed to do business in North Carolina. Out-of-state policies are not accepted.
4.6 A grade of 70% shall be necessary to pass the examination.
North Carolina Motor Vehicle Law requires that Automobile Liability coverage be continuously maintained. The minimum coverage requirements are $30,000 Bodily Injury for each person, $60,000 total Bodily Injury for all persons in an accident and $25,000 for Property Damage.
Unfortunately, North Carolina does not allow for digital proof of insurance just yet so you will need to print a hard copy to keep in your vehicle.
Each is valid for up to 90 days and up to 5 attempts on the exam, but only for the exam corresponding to the pre-licensing course; you cannot use a life insurance Exam Admission Ticket to sit for the accident and health or sickness licensing exam even if you have time and attempts left (and vice versa).
What is the score needed to pass the final exam? You must answer at least 70% of the questions correctly or 105 of the 150 in order to pass.
How to Get a North Carolina Insurance License. Pass a state-approved pre-licensing course. Completing the 20-hour course in the relevant field and passing the final exam with a score of at least 70% provides a Certificate of Completion, also called an Exam Admission Ticket.
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