Life insurance washington Study guides, Class notes & Summaries

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 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 som...

Washington State Property & Casualty Insurance Latest Exam 100% correct answers. Authorized Insurer - correct answer An insurer that has qualified and received a Certificate of Authority from the Department of Insurance to transact insurance in the state. Contact adhesion - correct answer the accepter of the contract must "adhere" to the written contract inducement - correct answer An action aimed at persuading insolvent - correct answer Bankrupt; unable to pay debts. Transacting Insur...

Washington State Property & Casualty Insurance Latest Exam 100% correct answers. Authorized Insurer - correct answer An insurer that has qualified and received a Certificate of Authority from the Department of Insurance to transact insurance in the state. Contact adhesion - correct answer the accepter of the contract must "adhere" to the written contract inducement - correct answer An action aimed at persuading insolvent - correct answer Bankrupt; unable to pay debts. Transacting Insur...

Washington State Property & Casualty Insurance Latest Exam 100% correct answers. Authorized Insurer - correct answer An insurer that has qualified and received a Certificate of Authority from the Department of Insurance to transact insurance in the state. Contact adhesion - correct answer the accepter of the contract must "adhere" to the written contract inducement - correct answer An action aimed at persuading insolvent - correct answer Bankrupt; unable to pay debts. Transacting Insur...

Washington Laws and Rules Pertinent to Insurance Test Questions and Answers Latest 2024/2025 (100% Correct ) Before a producer may sell, solicit, or negotiate insurance from an insurer, the producer must have a(n) correct answers Appointment The act of using misrepresentation to induce an insured person to terminate an existing policy and purchase a new policy is referred to as correct answers Twisting An example of an unfair claims settlement practice is correct answers Turning down a claim...

Washington Laws and Rules Pertinent to Insurance Test Questions and Answers | 100% Correct | Latest 2024/2025. Violations of US Code Title 18 section 1033, may result in correct answers Fine and/or imprisonment Charles is a producer who is licensed in Washington but resides in Oregon. Charles is considered to be a(n) correct answers Nonresident producer Before a producer may sell, solicit, or negotiate insurance from an insurer, the producer must have a(n) correct answers Appointment The a...

WASHINGTON STATE REAL ESTATE BROKER EXAM REVIEW QUESTIONS AND ANSWERS, GRADED A+/ -All of these - -A construction loan is a: -Short-term loan for financing the cost of construction -Loan in which the lender makes periodic payments -Loan in which payments are issued as the building progresses -All of these -Mortgage Insurance -Hazard insurance -Real estate taxes - -Escrow disbursements can pay for: -Similar properties currently on the market -Similar properties that have been on t...

Washington Life Insurance Questions And Answers 100% Correct!

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 representative of the Insured, not the insurance company risk The chance or uncertainty of loss Pure risk the chance of experiencing a loss (without the possibility of gain). Only downside, no upside. S...

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 All of the following groups may contract with PPOs exctpt Government programs under a long-term care insurance policy, the level of care that is mainly necessary for the purpose of meeting daily...