Disability and Life Washington Test Questions and Answers
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Course
Washington State Insurance
Institution
Washington State Insurance
Disability and Life Washington Test
Questions and Answers
Insurance Commissioner - Answer️️ -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 ev...
Disability and Life Washington Test
Questions and Answers
Insurance Commissioner - Answer✔️✔️-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 years
Has Power to:
-Issue rules to carryout or enforce the state insurance code
-Hold investigations,
-Hold examinations to see if anyone has broken the code.
If commish has reason to believe someone has broken the code, they can:
-Issue a cease and desist order
-sue to stop the person from continuing the action
-To person who will take over business while employee is on active duty
for military
-To serve the public interest
Nonresident Producer License - Answer✔️✔️--Currently Licensed as a
producer in their home state
-Fulfilled application requirements and paid fees
-The applicants home state will also grant nonresident licenses on the same
basis
Exceptions to those who need licenses: - Answer✔️✔️--Officer, director, etc...
of an insurance company who doesn't get commission
-Someone who just enrolls individuals with plans without getting
commission
Persons Exempt from Taking Exam: - Answer✔️✔️--Persons who seek a
license only to transact limited lines (surety, limited line credit, and travel
insurance)
-Persons who seek a license only to transact -Specialty lines
(communications equipment or services, rental car, or self-service storage)
-Persons applying for an adjuster's license who, for at least one year before
the application, have been fully employed by an insurer to adjust,
investigate, or report insurance claims
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