Washington Life and Health (Disability) Insurance Bundled Exams Questions and Answers Multiple Versions (2024/2025) (Complete and Accurate)

WA LIFE & HEALTH INSURANCE LICENSE LATEST UPDATE GRADED A Fair Credit Reporting Act protects consumers against circulation of inaccurate or obsolete personal or financial information Domestic in the state Foreign in OTHER state Alien out of the U.S. (other country) Temporary License...

WA Life Insurance Study Questions with Complete Solutions Which of these is NOT considered to be a common life insurance nonforfeiture option? a) Cash surrender b) Extended term insurance c) Reduced paid-up insurance d) Life income annuity d) Life income annuity All of the following rider...

Life and Health Certification Exam Questions and Answers Rated A+ Which of the following types of insurance riders is not based on term life insurance? Waiver of premium At what point after the effective date of an accident and health insurance policy does it become incontestable? 2 years ...

Life and Disability Producer Combo Practice Questions with Certified Answers The premium payment mode that results in the highest overall cost would be Monthly A policyowner is prohibited from making any changes to the policy without the beneficiary's written consent under which benefici...

Washington Laws Chapter 12 Questions and Answers Graded A+ A producer's fiduciary responsibility includes which of the following activities? - Recording the receipt and distribution of premiums due to an insurer - Properly remunerating persons who furnish leads on prospects - Providing n...

Washington Laws, Rules and Regulations Latest 2024 Graded A+ Broad Powers The general powers, duties and responsibilities of the Commissioner include, but are not limited to the following: adopt rules and regulations to enforce provisions of the Insurance Code: conduct examinations, investigat...

Washington insurance regulations questions and answers rated A+ borrowing more than __% of the loan value of a life insurance policy to purchase a new policy is considered replacement 25% Period of time with receiving an application that the replacing insurer must notify any other existing ...

WA Life and Disability Producer Combo Questions with Verified Solutions If a company provides group disability insurance to its employees, which of the following may be tax deductible? The premiums paid by the company as a business expense Which provides benefits for expenses incurred as a r...

Disability and Life Washington Test Latest Version Graded A+ Insurance Commissioner Head of Office of Insurance Commissioner, is in charge of company supervision, consumer protection, and rates and forms. -Elected on a 4 year term -Pays 25k bond -Must examine records at least every 5 yea...

WA State Laws and Regulations for Life and Disability Insurance Already Passed The comissioner serves a term of __ years. 4 The Commissioner must execute a bond of $_____ per year. 25,000 The commissioner must examine each insurer at least every ___ years. 5 ___ day's notice required f...

WA State Life Insurance Latest Update with Verified Solutions Fair credit reporting act A federal law that regulates consumer reporting agency's in the use of consumer reports Fair credit reporting act requirement The insurer must inform the applicant of the name and address of the inves...

Life Insurance Test WA State (And General Insurance Review) Questions and Answers Graded A+ When does insured need an insurable interest? when they buy insurance(not like property casualty where have to have at time of claim and not necessarily when buying) when is subrogation used? not i...

Washington State Insurance Exam with Complete Solutions Apparent is the appearance or assumption of authority based on the actions, words, or deeds of the principal or because of circumstances the principal created. Mutual Company Owned by the policyowner and issue participating policies. ...

Washington Life/Health Insurance Exam Latest Update Graded A+ policy owner usually, but not always the person covered by the policy beneficiary the person who is paid when a claim is submitted agent/producer acts as a legal representative of the insurance company broker representati...