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WASHINGTON LAWS AND RULES PERTINENT TO INSURANCE EXAM-with 100% verified solutions
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WASHINGTON LAWS AND RULES PERTINENT TO INSURANCE EXAM-with 100% verified solutions
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WASHINGTON LAWSAND RULES
PERTINENT TO
INSURANCE EXAM-with
100% verified
solutions 2024-2025
exam
tutor verified
,Violations of US Code Title 18 section 1033, may result in
Fine and/or imprisonment
Charles is a producer who is licensed in Washington but resides in Oregon.
Charles is considered to be a(n)
Nonresident producer
Before a producer may sell, solicit, or negotiate insurance from an insurer,
the producer must have a(n)
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
Twisting
An example of an unfair claims settlement practice is
Turning down a claim without providing the basis of denial
One role of the Commissioner is to
Enforce state insurance laws
Every producer licensed in Washington must notify the Commissioner
within ___ days of any change of the address.
, 30
The identity of the _____ must be made clear in every health (disability)
insurance advertisement.
Insurer
A life insurance policy becomes incontestable after it has been in force for
2 years
Advertising regulations exist to
Assure full and truthful disclosures to the public
When a Medicare Supplement insurance policy is being replaced, who
must sign the notice of replacement?
The producer and the applicant
What is the MINIMUM benefit period that must be offered by a Long-Term
Care policy?
12 months
No legal action can be initiated after ___ years from the initial time written
proof of loss has been provided.
3
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