WASHINGTON LAWS AND RULES PERTINENT TO INSURANCE PRACTICE QUESTIONS WITH DETAILED ANSWERS // 100% GUARANTEED PASS A+ GRADED
5 views 0 purchase
Course
WASHINGTON LAWS AND RULES PERTINENT TO INSURANCE
Institution
WASHINGTON LAWS AND RULES PERTINENT TO INSURANCE
Violations of US Code Title 18 section 1033, may result in - ANS Fine and/or imprisonment
Charles is a producer who is licensed in Washington but resides in Oregon. Charles is considered to be a(n) - ANS Nonresident producer
Before a producer may sell, solicit, or negotiate insurance fr...
lo
INSURANCE PRACTICE
QUESTIONS WITH DETAILED
yc
ANSWERS // 100%
GUARANTEED PASS
ud
A+ GRADED
st
, Violations of US Code Title 18 section 1033, may result in - ANS Fine and/or
imprisonment
Charles is a producer who is licensed in Washington but resides in Oregon. Charles is
considered to be a(n) - ANS Nonresident producer
Before a producer may sell, solicit, or negotiate insurance from an insurer, the producer
must have a(n) - ANS Appointment
The act of using misrepresentation to induce an insured person to terminate an existing
ck
policy and purchase a new policy is referred to as - ANS Twisting
An example of an unfair claims settlement practice is - ANS Turning down a claim
without providing the basis of denial
lo
One role of the Commissioner is to - ANS Enforce state insurance laws
Every producer licensed in Washington must notify the Commissioner within ___ days
of any change of the address. - ANS 30
yc
The identity of the _____ must be made clear in every health (disability) insurance
advertisement. - ANS Insurer
A life insurance policy becomes incontestable after it has been in force for - ANS 2
ud
years
Advertising regulations exist to - ANS Assure full and truthful disclosures to the public
When a Medicare Supplement insurance policy is being replaced, who must sign the
notice of replacement? - ANS The producer and the applicant
st
What is the MINIMUM benefit period that must be offered by a Long-Term Care policy? -
ANS 12 months
No legal action can be initiated after ___ years from the initial time written proof of loss
has been provided. - ANS 3
When replacing a life insurance policy, a producer must provide the applicant with a -
ANS Notice Regarding Replacement
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 Studyclock. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $12.99. You're not tied to anything after your purchase.
