Washington insurance regulations questions and answers rated A+
7 views 0 purchase
Course
Washington insurance regulations
Institution
Washington Insurance Regulations
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...
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 insurer ✔✔3 days length of time replacing insurer must keep copies of the replacement notice records ✔✔at least 3 years Free look for life insurance replacements ✔✔20 days WA life insurance policy illustr ations rules do not apply to life insurance policies with death benefits equal to or less than $__ ✔✔$10,000 In order to sell annuities, producers must complete a __ hour training course ✔✔4 hours Annuity insurers and producers must maintain consumer records for __ years ✔✔5 years individual life insurance policy grace period ✔✔1 month (30 days) maximum policy loan annual fixed interest rate ✔✔8% free look for life insurance (except replacement) ✔✔10 days the insurer may limit its liability in the event of death occurring as the result of suicide within __ years from date of issue ✔✔2 years an employee group must include at least __ employees (group life) ✔✔2 employees an insurer must pay the p roceeds under a group life insurance policy within __ days after receiving proof of death ✔✔30 days group life grace period ✔✔31 days
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller StellarScores. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $9.99. You're not tied to anything after your purchase.
