WA State Laws and Regulations for Life and Disability Insurance Latest Exam 2023
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Course
WA State Laws
Institution
WA State Laws
WA State Laws and Regulations for Life and Disability Insurance Latest Exam 2023WA State Laws and Regulations for Life and Disability Insurance Latest Exam 2023
Page 1
WA State Laws and Regulations for Life and Disability Insurance Latest Exam 2023
The comissioner serves a term of __ years. - Correct answer 4
The Commissioner must execute a bond of $_____ per year. - Correct answer 25,000
The commissioner must examine each insurer at least every ___ years. - Correct answer 5
___ day's notice required for the Commissioner to suspend or revoke a license. - Correct answer 15
Suspension or revocation is effective no less than ___ days after a hearing. - Correct answer 10
___ days' notice to temporarily suspend a license, if emergency action is needed. - Correct answer 3
maximum length of license suspension - Correct answer 12 months
Persons violating any provision will be fined up to $___. - Correct answer 1,000
Civil penalty for persons knowingly engaging in insurance activities without a license is $_____. - Correct answer 25,000
___ days is needed from licensees time to notify the Commissioner of address change. - Correct answer 30
A surplus lines affidavit must be filed with the Commissioner within ___ days after the insurance transaction. - Correct answer 60
Washington Life and Disability Guaranty Association (protects insureds from impaired or
insolvent insurers) limit is $___. - Correct answer 500,000
Applicant needs to be at least ___ years old. - Correct answer 18
A temporary insurance producer license may be issued for up to ___ days. - Correct answer 180
A nonresident producer must file a change of address within ___ days. - Correct answer
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Appointment: P a g e 1 | 4
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