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Washington Laws and Rules Exam Questions with Correct Answers
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Washington Laws and Rules Exam Questions with Correct Answers
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Washington Laws and RulesThe Grace Period for an accident and health (disability) policy where the premiums are paid monthly is -
Answer -10 days
Newborn coverage for an accident and health (disability) family policy begins - Answer -at the moment
of birth
Misrepresentation - Answer -A licensee who informs an insured of inaccurate terms, benefits, or
advantages of any policy is committing which of the following violations?
Bronze, Silver, Gold, Platinum - Answer -How are health plans classified according to the Affordable Care
Act?
moment of birth - Answer -All accident and health (disabilitly) plans that provide coverage to family
members of the insured, must provide coverage for the insured's newborn child starting at
Long-term care insurance - Answer -is designed to provide coverage for at least 12 consecutive months.
Alien - Answer -A company that is charted and organized in any country other than the United States is
called a(n)_________ company.
Guaranty - Answer -The Washington Life and Health _________Association is used to rehabilitate
insolvent insurers
, 2 years - Answer -A life insurance policy becomes incontestable after it has been in force for
A Policy Summary and Buyer's Guide - Answer -An agent who sells an individual life insurance policy in
MUST deliver to the policyowner
The required grace period for life insurance policy in Washington is - Answer -30 days
Which of the following basics is a producer's fiduciary responsibility ? - Answer -Collecting premiums and
paying them to the insurance company.
What provision states that the policy and the application shall constitute the entire contract between
the parties? - Answer -Entire contract
A producer's fiduciary responsibility includes which of the following activities? - Answer -Recording the
receipt and distribution of premiums due to an insurer.
No insurer, producer, broker, solicitor, or person in connection with an insurance transaction shall offer
or promise to buy, sell, give or allow the prospective insured employment, stock or special favors. This is
the definition of - Answer -Inducement
A Medicare Supplement policy issued in the state of Washington is required to provide each of the
following - Answer -It must have a free-look period of 30 days.
It must cover intermediate and outpatient care for substance abuse.
It must be guaranteed renewable.
When must a claim on a life insurance policy be paid after proof of loss has been received by the
insurer? - Answer -Promptly
Which of the following is permitted in an advertisement for an insurance policy? - Answer -The insurer's
name
Which one of the following is a domestic insurer? - Answer -One formed under the laws of Washington
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