100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
Previously searched by you
XCEL - Chapter Exam - Washington Laws And Rules Pertinent To Insurance Questions And Answers With Verified Solutions Latest Updated 2024$15.49
Add to cart
XCEL - Chapter Exam - Washington
Laws And Rules Pertinent To Insurance
Questions And Answers With Verified
Solutions Latest Updated 2024
A _____ is the person who is responsible for payment to a health maintenance
organization (HMO). - ANSWER✔✔subscriber
An insurer must submit all policy forms and applications to the Commissioner at
least ____ days before they can be used. - ANSWER✔✔30
A company that is chartered and organized in any country other than the United
States is called a(n) - ANSWER✔✔Alien
Which of the following unfair trade practices involve a producer who makes
public, malicious statements about an insurer's financial condition? -
ANSWER✔✔defamation
An insurance company that has qualified and received a Certificate of Authority
from the Insurance Department to sell insurance in this state is called a(n) -
ANSWER✔✔authorized insurer
Under which circumstance may a deferred insurance commission be paid to an
individual? - ANSWER✔✔Individual was a licensed producer at the time of the
sale
A(n) _____ negotiates an insurance contract on behalf of an insurer. -
ANSWER✔✔producer
,Charles is a producer who is licensed in Washington but resides in Oregon. Charles
is considered to be a(n) - ANSWER✔✔nonresident producer
The standard grace period for a life insurance policy sold in Washington is -
ANSWER✔✔30
Under the affordable care act, which of these plans is designed to provide coverage
that is actuarially equivalent to 80% of the full actuarial value of the benefits
provided under the plan? - ANSWER✔✔gold
Coverage for newborns under an accident and health plan MUST include coverage
for - ANSWER✔✔birth abnormalities
In Washington, a long-term care policy must be _____ renewable. -
ANSWER✔✔guaranteed
Which of these individuals would require continuing education? -
ANSWER✔✔resident producer
An insurer must send a notice of appointment for a producer within _____ days
from the date of an executed agency contract or after submitting the first
application to the insurer. - ANSWER✔✔15
What is the MINIMUM benefit period that must be offered by a long-term care
policy? - ANSWER✔✔12 months
, Maria the producer would like to advertise an annuity product on a highway
billboard. Which of the following must be included in the advertisement? -
ANSWER✔✔Her name
Barry offers Chris his mountain cabin for the weekend to secure his order for his
insurance business. This is an example of - ANSWER✔✔rebating
Insurance producer Kelly offers an insured a $500 shopping card if an insurance
product is purchased through her. What is this an example of? -
ANSWER✔✔Rebating
Within ____ days after policy delivery, disability polici8es can be returned for a
100% premium refund. - ANSWER✔✔10
A producer may be disciplined by the commissioner for which of the following
actions? - ANSWER✔✔misappropriation of premium funds
A group policy may be issued to a labor union. The members eligible for insurance
under the policy shall be - ANSWER✔✔All members of the union
A licensee who informs an insured of inaccurate terms, benefits, or advantages of
any policy is committing which of the following violations? -
ANSWER✔✔misrepresentation
Which of the following is NOT information found in a life insurance buyer's
guide? - ANSWER✔✔How to take legal action against an insurance company
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 classhub. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $15.49. You're not tied to anything after your purchase.
