North Carolina Insurance Law & Code
This chapter covers the North Carolina statutes that protect policyowners and govern how policies are sold and serviced. It addresses the structure of the state code, required policy protections such as the free-look period, replacement rules, the guaranty association, and the grounds on which the regulator may discipline a license.
The North Carolina Insurance Code
The substantive rules come from the North Carolina insurance statutes (Chapter 58 of the North Carolina General Statutes), supplemented by administrative regulations. These provisions define who may transact insurance in the state, the required and prohibited policy provisions, and the enforcement powers of the regulator. They are the North Carolina-specific overlay on the national policy rules covered in the shared base material.
Free-Look and Required Policyowner Protections
North Carolina requires life and health policies to include consumer protections such as a free-look (right-to-examine) period, during which the owner may return the policy for a full premium refund if not satisfied. The code also mandates grace periods, required policy provisions, and clear disclosures so consumers understand their coverage and can reconsider a purchase within the review window.
Replacement, the Guaranty Association, and Discipline
When new coverage replaces existing life insurance or annuities, North Carolina replacement rules require notice, fair comparison, and documentation so the consumer is not harmed. The North Carolina Life and Health Insurance Guaranty Association provides a statutory backstop, within dollar limits, if a member insurer becomes insolvent -- but producers may not advertise it to induce a sale. The code also lists grounds -- fraud, misrepresentation, misappropriating premiums, and code violations -- on which the regulator may suspend or revoke a license.
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State-specific details
State exam facts
- State regulator
- North Carolina Department of Insurance
- Exam vendor
- Pearson VUE
- Prelicensing education
- None (the 20-hour requirement was repealed by House Bill 737)
- Passing score
- 70%
Who regulates life & health insurance licensing in North Carolina?
The North Carolina Department of Insurance (NCDOI) licenses life and health producers. North Carolina contracts with Pearson VUE to administer the licensing examinations.
Does North Carolina require prelicensing education for the life & health exam?
No longer. House Bill 737 repealed North Carolina's mandatory 20-hour prelicensing requirement, so candidates can sit for the Pearson VUE exam without completing a state-approved course. North Carolina remains an application-before-exam state (apply via NIPR first).
How is the North Carolina life & health exam administered?
The exam is delivered by Pearson VUE, and a minimum score of 70% is required to pass.
Sources: https://www.ncdoi.gov/how-become-insurance-producer-or-adjuster-nc, https://www.pearsonvue.com/us/en/nc/insurance.html
In the North Carolina Life & Health Insurance Producer Exam guide: A KEY CONCEPT box, a Common Traps list and a Check Yourself set closing each of the 9 national chapters. Practice here stays free.