October 17, 2022

South Carolina Insurance License Exam

Written by: Ethan Peyton

Cartoon woman holding South Carolina Insurance License Exam document

    Passing your South Carolina insurance license exam is a pivotal part of becoming a licensed insurance agent in the state of South Carolina.

    In this guide, we’ll break down the general information that you need to know in order to pass your exam, outline the differences between each examination line, and offer tips on both: how to prepare for your South Carolina insurance licensing exam, and on what to do after you pass.

     

    South Carolina Insurance Exam Basics

    General Information

    The state of South Carolina uses PSI to administer its insurance agent licensing. This means you can register and book all of your licensing examinations through the PSI website. Your test can be carried out online or in person.

    Each major insurance line examination includes both general and state-specific material.

    The general questions test your federal insurance product and agent knowledge, whereas the state-specific questions test you on the South Carolina insurance regulations and laws that you will need to know in order to operate as an insurance agent.

    Score Explanation

    As soon as you finish your insurance exam, you will see your score on screen. A score report will also be emailed to you.

    If you failed your exam, your score report will include a diagnostic report which can help you identify your strengths and weaknesses for future exam attempts.

    You can request a duplicate score report by emailing PSI at scorereport@psionline.com. Keep in mind that you will need to include your name, examinee ID number, and confirmation number.

    Note: You will need to obtain a score of 70% or higher in order to pass your insurance license exam(s) in South Carolina.

     

    Cost

    Your South Carolina insurance license exam cost will depend on the number of examinations that you take:

    Examination

    Cost 

    Time Allowed

    Life, Accident & Health

    $45

    150 Minutes

    Property, Casualty, Surety and Marine

    $45

    165 Minutes

    Life Insurance Producer

    $45

    120 Minutes

    Personal Lines Insurance Producer

    $45

    120 Minutes

    Note: You should focus on one exam at a time. This will likely increase the amount of time and effort you can allocate to each examination and should allow you to feel more prepared when you sit your exam.

    Recommended Pre-License Course

    Before taking your insurance exam, we recommend completing a pre-license education course. This is not a requirement in the state of South Carolina, but it can go a long way in helping you get accustomed to the information that you will be expected to know.
    4.7 out of 5 starsKaplan Education Company

     

    South Carolina Life and Health Insurance Exam

    Below you can find the content outline offered by PSI.

    We recommend using it as a checklist when working through your pre-license education course. This way, you’ll be absolutely sure that you haven’t missed any topic that you will be tested on later on.

    Life, Accident and Health Producer Content Outline

    150 questions

    I. Insurance Regulation

    1. Licensing
    2. State regulation
    3. Federal regulation

     

    II. General Insurance

    1. Concepts
    2. Insurers
    3. Producers and general rules of agency
    4. Contracts

     

    III. Life Insurance Basics

    1. Insurable interest
    2. Personal uses of life insurance
    3. Determining amount of personal life insurance
    4. Business uses of life insurance
    5. Classes of life insurance policies 
    6. Premiums
    7. Producer responsibilities
    8. Individual underwriting by the insurer

     

    IV. Life Insurance Policies

    1. Term life insurance
    2. Whole life insurance
    3. Flexible premium policies
    4. Specialized policies
    5. Group life insurance
    6. Credit life insurance (individual versus group)

     

    V. Life Insurance Policy Provisions, Options and Riders

    1. Required provisions
    2. Beneficiaries
    3. Settlement options
    4. Nonforfeiture options
    5. Policy loan and withdrawal options
    6. Dividend options
    7. Disability riders
    8. Accelerated (living) benefit provisions/riders
    9. Riders covering additional insureds
    10. Riders affecting the death benefit amount
    11. Standard Life Insurance Provisions

     

    VI. Annuities

    1. Annuity principles and concepts
    2. Immediate versus deferred annuities
    3. Annuity (benefit) payment options
    4. Annuity products
    5. Uses of annuities

     

    VII. Federal Tax Considerations for Life Insurance and Annuities

    1. Taxation of personal life insurance
    2. Taxation of non-qualified annuities
    3. Taxation of individual retirement plans (IRAs) 
    4. Section 1035 exchanges

     

    VIII. Health Insurance Basics

    1. Definitions of perils
    2. Principal types of losses and benefits
    3. Classes of health insurance policies
    4. Limited policies
    5. Common exclusions from coverage
    6. Producer responsibilities in individual health insurance
    7. Individual underwriting by the insurer
    8. Considerations in replacing health insurance

     

    IX. Individual Accident and Health Insurance Policy Provisions

    1. Required provisions
    2. Optional provisions
    3. Other general provisions

     

    X. Disability Income and Related Insurance

    1. Qualifying for disability benefits
    2. Individual disability income insurance
    3. Unique aspects of individual disability underwriting
    4. Group disability income insurance
    5. Business disability insurance
    6. Social Security disability

     

    XI. Medical Plans

    1. Medical plan concepts
    2. Types of plans
    3. Cost containment in health care delivery
    4. South Carolina eligibility requirements and offers (individual and/or group) 
    5. HIPAA (Health Insurance Portability and Accountability Act) requirements
    6. Federal Patient Protection and Affordable Care Act (PACA)

     

    XII. Group Health Insurance

    1. Characteristics of group insurance
    2. Types of eligible groups
    3. Marketing considerations
    4. Employer group health insurance
    5. Small employer medical plans
    6. Health savings accounts (HSAs)
    7. Health Reimburse Arrangements (HRAs)

     

    XIII. Dental Insurance

    1. Types of dental treatment
    2. Indemnity plans
    3. Employer group dental expense

     

    XIV. Insurance for Senior Citizens and Special Needs Individuals

    1. Medicare
    2. Medicare supplements
    3. Other options for individuals with Medicare
    4. Long-term care (LTC) insurance
    5. South Carolina Health Insurance Pool

     

    XV. Federal Tax Considerations for Health Insurance

    1. Personally-owned health insurance
    2. Employer group health insurance

    We recommend reading our in-depth How to Pass the Life Insurance Exam guide for a better overview.

     

    South Carolina Property and Casualty License Exam

    Below you can find the content outline offered by PSI.

    You should use this outline as a checklist when working through your pre-license education course in order to ensure that you haven’t missed any topic that you will be tested on later on.

    Property Insurance Producer Content Outline

    100 questions 

    I. Insurance Regulation 

    1. Licensing
    2. State regulation
    3. Federal regulation

     

    II. General Insurance

    1. Concepts
    2. Insurers
    3. Producers and general rules of agency
    4. Contracts

     

    III. Property Insurance Basics

    1. Principles and concepts
    2. Policy structure
    3. Common policy provisions
    4. South Carolina laws, regulations, and required provisions

     

    IV. Dwelling Policy

    1. Characteristics and purpose
    2. Coverage forms — Perils insured against
    3. Property coverages
    4. General exclusions
    5. Conditions
    6. Selected endorsements
    7. Personal liability supplement

     

    V. Homeowners Policy

    1. Coverage forms
    2. Definitions
    3. Section I — Property coverages
    4. Perils insured against
    5. Exclusions 
    6. Conditions
    7. Selected endorsements

     

    VI. Auto Insurance

    1. Laws
    2. Personal auto policy
    3. Commercial auto

     

    VII. Commercial Package Policy (CPP) 

    1. Components of a commercial policy
    2. Commercial property
    3. Commercial inland marine
    4. Equipment breakdown
    5. Farm coverage

     

    VIII. Businessowners Policy — Property

    1. Characteristics and purpose
    2. Businessowners Section I — Property
    3. Businessowners Section III — Common Policy Conditions 
    4. Selected endorsements

     

    IX. Other Coverages and Options

    1. Surplus 
    2. National Flood Insurance Program
    3. South Carolina Wind and Hail Underwriting Association (SCWHUA)
    4. Other policies

     

    Casualty Insurance Producer Content Outline

    100 questions.

    I. Insurance Regulation 

    1. Licensing
    2. State regulation
    3. Federal regulation

     

    II. General Insurance

    1. Concepts
    2. Insurers
    3. Producers and general rules of agency
    4. Contracts

     

    III. Casualty Insurance Basics

    1. Principles and concepts
    2. Policy structure
    3. Common policy provisions
    4. South Carolina laws, regulations, and required provisions

     

    IV. Homeowners Policy

    1. Coverage forms
    2. Definitions
    3. Section II — Liability coverages
    4. Exclusions
    5. Conditions 
    6. Selected endorsements

     

    V. Auto Insurance

    1. Laws
    2. Personal auto policy
    3. Commercial auto

     

    VI. Commercial Package Policy (CPP) 

    1. Components of a commercial policy
    2. Commercial general liability
    3. Commercial crime
    4. Farm coverage

     

    VII. Businessowners Policy — Liability

    1. Characteristics and purpose
    2. Businessowners Section II — Liability
    3. Businessowners Section III — Common Policy Conditions
    4. Selected endorsements

    VIII. Workers Compensation Insurance

    1. Workers compensation laws
    2. Workers compensation and employers liability insurance policy
    3. Premium computation
    4. Sources of coverage

     

    IX. Surety and Fidelity

    1. Surety bonds
    2. Fidelity coverages

     

    X. Other Coverages and Options

    1. Umbrella/excess liability policies
    2. Speciality liability insurance
    3. Surplus lines
    4. Other policies

    We recommend reading our Property and Casualty Insurance exam article for a more in-depth overview.

     

    How to Pass the South Carolina Insurance Exam

    Passing your South Carolina insurance exam ultimately comes down to your mindset and degree of preparation.

    We have composed a few helpful exam tips and tricks that should help you perform as well as you can during your exam day.

    Get a Pre-License Course

    Even though this is not a requirement in the state of South Carolina, getting a pre-license course can be incredibly beneficial. These courses can help you get accustomed to the extensive amount of content that you will have to memorize.

    We recommend Kaplan’s course because it offers a variety of helpful features, including:

    • Online exam simulations
    • Live online training
    • Printable study guides
    • End of chapter reviews

    For more information, we recommend reading our Kaplan Insurance Course Review.

     

    Make Enough Time to Study

    Not leaving enough time to prepare is one of the easiest ways to ensure that you do not pass your exam on your first attempt.

    Remember, there are zero questions on your exam that are based on common sense or critical thinking. All questions are purely factual, and so will relate to how well you understand and remember the content that you have learned.

    We recommend allocating around one to two weeks to prepare for your exam, as this should allow you to go through all of the material at least twice.

     

    Control Test Anxiety

    Even though you cannot control whether you get exam anxiety or not, you can take a few steps when preparing to limit its effect on your performance:

    • Establish a consistent pretest routine — Acclimate yourself to exam conditions by following a specific routine on each practice exam at home. This should help you feel less anxious during your exam day.
    • Get plenty of sleep — Lack of sleep can exacerbate your anxiety and increase your self-doubt. Make sure you are consistently getting a good night’s sleep in the week leading up to your exam.
    • Study effectively — This sounds obvious, but make sure you are actually tailoring your studying to the exam that you are taking. Remember, there are no critical thinking or common sense questions involved.
    • Arrive early — If you are planning to sit your exam in person, we recommend you arrive at least 30 minutes before it’s due to start in order to get used to your surroundings and have time to check in with your center’s administrator.

    For a more in-depth overview of how you can prepare for your South Carolina insurance exam, we recommend reading our How to Pass the Insurance Exam article.

     

    Getting Your South Carolina Insurance License

    Your next steps will depend on whether you actually passed your exam, as well as on whether you plan to get licensed for any additional lines.

    You can apply for your license up to 12 months after you complete your exam, so if you would like to attempt passing additional insurance line exams before filing your licensing application, you are totally free to do that.

    After you have passed your insurance licensing exam, you will need to:

    • Complete a fingerprint and background check
    • File your licensing application
    • Wait for your application to be reviewed

    Have a look at our How to Become an Insurance Agent in South Carolina review for more information on all the steps that you will need to take after passing your insurance exam.




    South Carolina Insurance Exams FAQ

    How often do I have to renew my South Carolina insurance license?

    You must renew your license every two years in order to continue operating as a legitimate insurance agent in South Carolina.

    For more information, see our guide on How to Renew Your Insurance License in South Carolina.

     

    How long is the South Carolina insurance exam?

    Depending on the exam that you take, the length can be anywhere between 120 and 165 minutes.

     

    How many times can you take the South Carolina insurance exam?

    You can take each insurance exam up to six times per year in South Carolina.

     

    How many questions are on the South Carolina insurance exam?

    This will depend on the exam in question. The Life, Accident and Health insurance exam consists of 150 questions.

    On the other hand, both the Casualty Producer and the Property Producer exams are made up of 100 questions.

    South Carolina Department of Insurance Contact Information

    Mailing Address:

    1201 Main Street, Suite 1000
    Columbia, SC 29201

    Phone: (803) 737-6160

    Fax: (803) 737-6231

    Email: agentmail@doi.sc.gov

    Website: http://www.doi.sc.gov/

    License Search: South Carolina Insurance License Search and Lookup

     




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