ADB INSURANCE/// REAL EXAM 2
QUESTIONS AND ANSWERS 2024-2025
LATEST// GRADED A+
The practice of ensuring an interest to under one or more policies against the same hazard in an amount
exceeding the insurance fair value is called - answer-Over insurance
J a producer in the state of Washington office to return part of the initial premium to an applicant be if
he agrees to purchase a policy even though the return of the premium is not included in the contract, jr
is guilty of which unfair trade practice - answer-Rebating and inducements
Under the fair plan in Washington, a person having an insurable interest in real or tangible personal
property had to fix location in urban areas, entitled upon application to have the property inspected for
how much by the inspection bureau - answer-Free
In the course of trying to sell insurance in Washington, and ensure advises that are competing insurance
on solvent and cannot handle more business, which is misleading to the consumer. This is an example of
which unfair trade practice. - answer-False information and advertising
He a license in the state of Washington is accepted several premium payments into their personal
checking account. This is a violation of the separate account requirement, which comes with which
penalty. - answer-Misdemeanor
In Washington, all of the following would allow an insured to terminate an independent producers
contract without the 180 day notification except - answer-Failing to notify the commissioner of a change
of address
The commissioner finds that tea producer in Washington does not have a license for one of the lines of
insurance they are selling team may be issued any of the following penalties by the commissioner except
- answer-Issue a sentence of imprisonment for up to 12 months
In Washington communications about claims and request for claims form must be addressed with how
many days - answer-10 working days
,Insurers must notify insured said they're auto policy is expiring in the state, the renewal, premium
amount, at least how long before the expiration - answer-20 days
In Washington, a security deposit, following accident would not be required as a proof of financial
responsibility if any of the following are true, except - answer-The owner maintain to certificate of
deposit with the treasurer
Liability insurance the most the policy will pay for a loss arising out of anyone occurrence regardless of
overall policy limits is known as the - answer-Per occurrence limit
Because the insurance business, one of the public interests, all individual stealing an entrance, miss
practice, all of the following, except - answer-Deception
Extended nonowned coverage endorsement available to personal auto policy should be added by an
insured who is - answer-Being furnished a company car
The minimum personal injury protection coverage that must be offered for medical services in
Washington is - answer-$10,000
How long does a nonresident producer have to notify the commissioner after moving to another state? -
answer-30 days
All of the following actions would cause the commissioner to revoke suspend or refuse to renew a
producers license, except - answer-Knowingly, excepting insurance business from a license person
All of the following is required to get a nonresident producer license in Washington, except -
answerPassing the licensing exam
If the risk is deemed acceptable under the fair plan, how long after receiving the premium master policy,
your binder be delivered to the applicant - answer-Two business days
, In Washington, which of the following my order, the immediate cancellation of any policy established
through a violation of the insurance code - answer-The commissioner of insurance
Which auto insurance must be members of the assigned risk plan in Washington - answer-all auto
insurers
In Washington actual cash value after a total loss to a motor vehicle may be determined by all of the
following methods, except - answer-insurer determination
What percent commissions does the license producer designate by the applicant make under the fair
access to insurance requirements plan in Washington - answer-10%
when soliciting negotiating or procuring an insurance application in Washington, Hwy, Mustard make a
good faith effort to determine whether the issuing entity is authorized to transact such business in
Washington, or is a License surplus lines broker - answer-The producer
All insurers must hold a certificate of authority in Washington in those certificates, my state, all of the
following, except - answer-The location of the insurance home
When an insured decides to cancel the homeowners policy issued in Washington - answer-The insurer
must return unearned premium's within 30 days of receiving notice
The insurance commissioner may take all of the following actions except - answer-Amend the insurance
code as needed
Q and ensure in Washington altered an application for insurance without written consent from the
applicant cute is guilty of - answer-A misdemeanor
All of the following are unfair, claims settlement practices, except - answer-Taking up to 30 days to
investigate a claim
Under a personal auto policy issued in Washington underinsured motorist coverage badly injury limits
must equal - answer-The policy owners only limit for third-party liability coverage
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