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Washington Laws and Rules Pertinent to Insurance Exam
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Washington Laws and Rules Pertinent to Insurance Exam
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Washington Laws and Rules Pertinent toInsurance
Violations of US Code Title 18 section 1033, may result in - Answer -Fine and/or imprisonment
Charles is a producer who is licensed in Washington but resides in Oregon. Charles is considered to be
a(n) - Answer -Nonresident producer
Before a producer may sell, solicit, or negotiate insurance from an insurer, the producer must have a(n) -
Answer -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 - Answer -Twisting
An example of an unfair claims settlement practice is - Answer -Turning down a claim without providing
the basis of denial
One role of the Commissioner is to - Answer -Enforce state insurance laws
Every producer licensed in Washington must notify the Commissioner within ___ days of any change of
the address. - Answer -30
, The identity of the _____ must be made clear in every health (disability) insurance advertisement. -
Answer -Insurer
A life insurance policy becomes incontestable after it has been in force for - Answer -2 years
Advertising regulations exist to - Answer -Assure full and truthful disclosures to the public
When a Medicare Supplement insurance policy is being replaced, who must sign the notice of
replacement? - Answer -The producer and the applicant
What is the MINIMUM benefit period that must be offered by a Long-Term Care policy? - Answer -12
months
No legal action can be initiated after ___ years from the initial time written proof of loss has been
provided. - Answer -3
When replacing a life insurance policy, a producer must provide the applicant with a - Answer -Notice
Regarding Replacement
A Medicare Supplement policy can be cancelled by the insurer for - Answer -Nonpayment
A company that is chartered and organized of the state in which its home office is located is called a(n) -
Answer -Domestic insurer
An insurance company may only pay commissions to a(n) - Answer -Licensed producer appointed by the
insurer
An example of an Unfair Claims Settlement practice is - Answer -Failing to promptly provide reasonable
explanations for the denial of claims
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
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