Which of the following entities can utilize a limited license?

A limited license in the context of North Carolina insurance statutes allows specific types of entities or individuals to engage in certain insurance activities without requiring a full insurance license. This type of licensure is often designed to address the particular needs of niche markets or industries where traditional insurance practices might not apply.

Rental car companies, for example, may offer additional coverage options for customers, such as collision damage waivers (CDW) or personal accident insurance. They can do this under a limited license because their primary business is not insurance, but they still need regulatory approval to sell the associated coverage components. Life insurance companies, on the other hand, provide life insurance products and may also have avenues under limited licenses to offer other ancillary products, allowing them to operate with more flexibility in certain situations.

This context makes option B the correct choice, as both rental car companies and life insurance companies can operate under a limited license for the specific types of insurance products they provide within their primary business operations. Meanwhile, other entities, such as health insurance companies, brokers, or property insurance agents, typically require full licensure tailored to their respective areas of operation.