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Wisconsin Property Insurance Exam 2024 Questions and Answers 2024 / 2025 (Verified Answers by Expert) $12.99   Add to cart

Exam (elaborations)

Wisconsin Property Insurance Exam 2024 Questions and Answers 2024 / 2025 (Verified Answers by Expert)

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  • Wisconsin Property Insurance

Wisconsin Property Insurance Exam 2024 Questions and Answers 2024 / 2025 (Verified Answers by Expert) How does the Commissioner of Insurance receives their position? A) Appointed by the Legislature. B) Appointed by the Attorney General. C) Appointed by the Governor. D) Elected every 4 years. A...

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  • August 3, 2024
  • 47
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • Wisconsin Property Insurance
  • Wisconsin Property Insurance
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Wisconsin Property Insurance Exam Questions &

Answers


1. How does the Commissioner of Insurance receives their position?

A) Appointed by the Legislature.

B) Appointed by the Attorney General.

C) Appointed by the Governor.

D) Elected every 4 years.

ANS C



2. Insurance laws in Wisconsin are made by



A) The Commissioner of Insurance.

B) National Association of Insurance Commissioners (NAIC).

C) The Attorney General.

D) The Legislature.






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ANS D



3. To clarify a person's rights and duties under Wisconsin insurance law, the

Commissioner will issue a



A) Hearing.

B) Declaratory order.

C) Collateral examination.

D) 20 day review notice.

ANS B



4. What is the minimum number of days the OCI has to hold a hearing by adenied

applicant for a license?

A) 10-30 days

B) 20 days

C) 5 days

D) 10 days

ANS D





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5. The Commissioner requires the insurance test to



A) Determine if the applicant has committed a felony.

B) Determine if the applicant has taken Continuing Education classes.

C) Determine if the applicant if trustworthy and competent.

D) Determine if the applicant is at least a minimum 21 years of age.

ANS C



6. The Commissioner has all of the following powers except



A) Implied power.

B) Enforcement power.

C) Incarceration power.

D) Specified power.

ANS C



7. If the Commissioner does not put a time length on a revocation the interme-diaries





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license is revoked for



A) 1 year

B) 5 years

C) 5 months

D) 15 months

ANS B









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