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Licensing
SC Appraiser license
| Question | Answer |
|---|---|
| When is the fee to renew an appraiser license due? | October 1 of odd years |
| Is the Appraiser's license: 1. Permanent as long as the renewal fee is paid on time 2. Permanent as long as the appraiser complete 24 hours of CE Every 2 years? | 1. Permanent as long as the renewal fee is paid on time |
| Reciprocal agreements allowing non -resident licenses are between | DIO's and Insurance Commissioners of States |
| If an appraiser or an adjuster changes either business or residence address, when must the Director be notified? | Within 30 days |
| Failure to inform the insurance director or his designee of a change in legal name or address within a certain number of days shall result in a penalty up to: | $500 |
| Part 1. The Director has the power or authority to: | Conduct investigations and examinations as provided by state insurance laws and Compel a witness to testify in an investigation |
| Part 2 The Director has the power or authority to: | Punish for contempt if a witness fails to respond to a summons and Act as a circuit judge against witnesses failing to testify as required |
| Which of the following is responsible for the licensing of insurance appraisers? | Individual State Insurance Departments |
| How old do you have to be to become an appraiser? | 18 years |
| Every appraiser shall: | Give an honest unbiased appraisal of the damage and leave a legible copy of the appraisal |
| An appraiser license must be active /reinstated before | an appraiser can start appraising. Paying and passing an examination is not enough to start appraising. |
| No appraiser shall: | Receive directly or indirectly any gratuity or consideration in connection with his appraisal..., traffic in or acquire for himself, employer relative any salvage |
| An applicant for an appraiser license may retake the licensing examination ___ times during any 12 month period.. | 6 times |
| The Director of Insurance may conduct examinations, investigations and hearings. Written notice of a hearing must be given to the person cited to appear at least ______ days before the hearing date. | 30 |
| The fee for a SC Non Resident Appraiser's license is: | The fee is $80 unless you are a resident of a state that charges a fee in excess of $80. Fees are *****retaliatory**** under SC law. |
| South Carolina Adjuster's License fee is: and due on: | The fee is $80 and Due August 1 of odd years. |
| Who administers punishment if US Section 1033 is violated? | SC Attorney General |
| How much notice must the Insurance Commissoner/Director Duties & Power give for hearings and meetings? | 30 day public notification |
| What duties do the Insurance Commissioner/Director Duties & Power have? | Can suspend, revoke, and cancel licenses |
| What is the punishment for embezzlement? | Fines & possible imprisonment up to 15 years |
Created by:
alicemarie1000
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