Exam (elaborations)
WASHINGTON LAWS AND RULES PERTINENT TO INSURANCE.
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WASHINGTON LAWS AND RULES PERTINENT TO INSURANCE.
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WASHINGTON LAWS ANDRULES PERTINENT TO
INSURANCE ,EXAM WITH
QUESTIONS AND
ANSWERS
Violations nof nUS nCode nTitle n18 nsection n1033, nmay nresult nin n- ncorrect nanswer-
Fine nand/or nimprisonment
Charles nis na nproducer nwho nis nlicensed nin nWashington nbut nresides nin nOregon.
nCharles nis nconsidered nto nbe na(n) n- ncorrect nanswer-Nonresident nproducer
Before na nproducer nmay nsell, nsolicit, nor nnegotiate ninsurance nfrom nan ninsurer,
nthe nproducer nmust nhave na(n) n- ncorrect nanswer-Appointment
, The nact nof nusing nmisrepresentation nto ninduce nan ninsured nperson nto nterminate
nan nexisting npolicy nand npurchase na nnew npolicy nis nreferred nto nas n- ncorrect
nanswer-Twisting
An nexample nof nan nunfair nclaims nsettlement npractice nis n- ncorrect nanswer-Turning
ndown na nclaim nwithout nproviding nthe nbasis nof ndenial
One nrole nof nthe nCommissioner nis nto n- ncorrect nanswer-Enforce nstate ninsurance
nlaws
Every nproducer nlicensed nin nWashington nmust nnotify nthe nCommissioner nwithin
n___ ndays nof nany nchange nof nthe naddress. n- ncorrect nanswer-30
The nidentity nof nthe n_____ nmust nbe nmade nclear nin nevery nhealth n(disability)
ninsurance nadvertisement. n- ncorrect nanswer-Insurer
A nlife ninsurance npolicy nbecomes nincontestable nafter nit nhas nbeen nin nforce nfor n-
ncorrect nanswer-2 nyears
Advertising nregulations nexist nto n- ncorrect nanswer-Assure nfull nand ntruthful
ndisclosures nto nthe npublic
When na nMedicare nSupplement ninsurance npolicy nis nbeing nreplaced, nwho nmust
nsign nthe nnotice nof nreplacement? n- ncorrect nanswer-The nproducer nand nthe
napplicant
What nis nthe nMINIMUM nbenefit nperiod nthat nmust nbe noffered nby na nLong-Term
nCare npolicy? n- ncorrect nanswer-12 nmonths
No nlegal naction ncan nbe ninitiated nafter n___ nyears nfrom nthe ninitial ntime nwritten
nproof nof nloss nhas nbeen nprovided. n- ncorrect nanswer-3
When nreplacing na nlife ninsurance npolicy, na nproducer nmust nprovide nthe napplicant
nwith na n- ncorrect nanswer-Notice nRegarding nReplacement
A nMedicare nSupplement npolicy ncan nbe ncancelled nby nthe ninsurer nfor n- ncorrect
nanswer-Nonpayment
A ncompany nthat nis nchartered nand norganized nof nthe nstate nin nwhich nits nhome
noffice nis nlocated nis ncalled na(n) n- ncorrect nanswer-Domestic ninsurer
An ninsurance ncompany nmay nonly npay ncommissions nto na(n) n- ncorrect nanswer-
Licensed nproducer nappointed nby nthe ninsurer
An nexample nof nan nUnfair nClaims nSettlement npractice nis n- ncorrect nanswer-
Failing nto npromptly nprovide nreasonable nexplanations nfor nthe ndenial nof nclaims
An ninsurance ncompany nthat nhas nqualified nand nreceived na nCertificate nof
nAuthority nfrom nthe nInsurance nDepartment nto nsell ninsurance nin nthis nstate nis
ncalled na(n) n- ncorrect nanswer-Authorized ninsurer
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