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WA LAWS AND RULES AND REGULATIONS TEST WITH WASHINGTON RULES AND REGULATIONS
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WA LAWS AND RULES AND REGULATIONS TEST WITH WASHINGTON RULES AND REGULATIONS
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WA LAWS AND RULES ANDREGULATIONS TEST WITH
WASHINGTON RULES AND
REGULATIONS TESTS MUST
KNOWS….
Insurance bProducer b- bcorrect banswer-A bperson brequired bto bbe blicensed bunder
bthe blaws bof bthis bstate bto bsell, bsolicit, bor bnegotiate binsurance.
How blong bmust ban binsurance bproducer bmaintain binsurance btransaction brecords?
b- bcorrect banswer-five byears
Immediate brevocation b(without ba bhearing) bof bany binsurance blicense bis ballowed
bupon b- bcorrect banswer-The bsentencing bof bthe blicensee bfor bconviction bof ba
bfelony, bbut bonly bif bthe bfacts bof bthe bconviction bdemonstrate bthe blicensee bto bbe
buntrustworthy.
For ba blicensed bproducer bto bsell binsurance bcontracts bfor ban binsurance bcompany,
bthe bproducer bmust b- bcorrect banswer-be bappointed bby bthat binsurance bcompany.
, Which bof bthe bfollowing bis ban bINCORRECT bstatement bregarding bthe bWashington
bSeparate bAccount blaw? b- bcorrect banswer-A bproducer bmay buse bthe baccount bfor
bpersonal bfunds.
A bproducer bwho bknowingly bover bcharges bpremiums bto ba bconsumer bis bguilty bof
b- bcorrect banswer-Illegal bDealings bin bPremiums
Insurance bProducers bare bconsidered bto bhave bfiduciary bresponsibilities bbecause
bthey b- bcorrect banswer-have bresponsibilities bfor bthe bmoney band bfinancial baffairs
bof bothers.
Insurance bcompanies bmust bkeep btheir btransaction brecords bfor ba bperiod bof
b__________ byears. b- bcorrect banswer-3
commissioner bin bWashington bresponsible bfor b- bcorrect banswer--Approving brates
bcharged bto bthe bconsumer
-Forms bused bby bthe binsurance bcompanies.
-Sets bthe brules band bconduct bwhich ban bagent bmust buse bwhen bdoing bbusiness
bwith ba bconsumer
When ba bbonding bcompany bor binsurance bcompany bissues ba bbond, bit brepresents
b- bcorrect banswer-acceptance bby bthe bissuing bcompany.
The bapplication bsubmitted bto ba bbonding bcompany brepresents bthe b- bcorrect
banswer-an boffer bfor bcoverage bor bprotection.
A blife bproducer bgives b$50 bback bto bthe bpolicy bowner bfor blife binsurance bafter bthe
bpolicy bissues bas ba bthank byou bfor bpurchasing binsurance. bThe blife bproducer bis
bguilty bof__________. b- bcorrect banswer-Illegal bRebating
If ban binsurance blicense bis brenewed bAFTER b60 bdays bof bthe bbirth bdate bof bthe
blicensee b__________ b- bcorrect banswer--the blicense bmust bbe breinstated.
-all bassociated bappointments band baffiliations bare bterminated.
-the bindividual bmust balso bcomplete ban bapplication bfor breinstatement band bpay
bthe blicense bfee band b200% bsurcharge.
If ban bindividual btries bto breinstate bhis binsurance blicense bOVER bONE bYEAR bfrom
bthe btermination bdate bof bthe blicense, bthe bproducer b- bcorrect banswer-will bhave
bto bbegin bthe bentire blicensing bprocess bagain, bre-taking ball bapplicable blicensing
bexams, bnew bfingerprint bcard band bre-apply bwith bthe bstate.
Every binsurance bproducer bshall bpromptly breply bin bwriting bto ban binquiry bof bthe
bcommissioner brelative bto bthe bbusiness bof binsurance. bA btimely bresponse bis bone
bthat bis breceived bby bthe bcommissioner bwithin b__________ bfrom breceipt bof bthe
binquiry. b- bcorrect banswer-fifteen bbusiness bdays
Which bof bthe bfollowing bis btrue babout ban binsurance bcontract? b- bcorrect banswer--
bIn border bfor ba bcontract bto bbe blegal, bit bmust bbe bfor blegal bpurposes bonly.
-A bcontract bdoes bnot bcover bintentional bor bcriminal bacts bof bthe binsured.
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