Washington Laws And Rules Pertinent To Insurance Questions And Answers Latest Top Score.
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Washington Laws and Rules Pertinent to Insurance
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Washington Laws And Rules Pertinent To Insurance
Washington Laws And Rules Pertinent To Insurance Questions And Answers Latest Top Score.
Violations of US Code Title 18 section 1033, may result in - correct answer. Fine and/or imprisonment
Charles is a producer who is licensed in Washington but resides in Oregon. Charles is conside...
Washington Laws And Rules Pertinent To
Insurance Questions And Answers Latest
Top Score.
Violations of US Code Title 18 section 1033, may result in - correct answer. Fine
and/or imprisonment
Charles is a producer who is licensed in Washington but resides in Oregon. Charles is
considered to be a(n) - correct answer. Nonresident producer
Before a producer may sell, solicit, or negotiate insurance from an insurer, the producer
must have a(n) - correct answer. Appointment
The act of using misrepresentation to induce an insured person to terminate an existing
policy and purchase a new policy is referred to as - correct answer. Twisting
An example of an unfair claims settlement practice is - correct answer. Turning down
a claim without providing the basis of denial
One role of the Commissioner is to - correct answer. Enforce state insurance laws
Every producer licensed in Washington must notify the Commissioner within ___ days
of any change of the address. - correct answer. 30
The identity of the _____ must be made clear in every health (disability) insurance
advertisement. - correct answer. Insurer
A life insurance policy becomes incontestable after it has been in force for - correct
answer. 2 years
Advertising regulations exist to - correct answer. Assure full and truthful disclosures to
the public
, When a Medicare Supplement insurance policy is being replaced, who must sign the
notice of replacement? - correct answer. The producer and the applicant
What is the MINIMUM benefit period that must be offered by a Long-Term Care policy?
- correct answer. 12 months
No legal action can be initiated after ___ years from the initial time written proof of loss
has been provided. - correct answer. 3
When replacing a life insurance policy, a producer must provide the applicant with a -
correct answer. Notice Regarding Replacement
A Medicare Supplement policy can be cancelled by the insurer for - correct answer.
Nonpayment
A company that is chartered and organized of the state in which its home office is
located is called a(n) - correct answer. Domestic insurer
An insurance company may only pay commissions to a(n) - correct answer. Licensed
producer appointed by the insurer
An example of an Unfair Claims Settlement practice is - correct answer. Failing to
promptly provide reasonable explanations for the denial of claims
An insurance company that has qualified and received a Certificate of Authority from the
Insurance Department to sell insurance in this state is called a(n) - correct answer.
Authorized insurer
Replacement can be BEST described as - correct answer. Exchanging a new policy
for one already in force
An insurer may exclude preexisting conditions on a Medicare Supplement policy for ___
months. - correct answer. 6
What is the purpose of the Washington Life and Disability Insurance Guaranty
Association? - correct answer. Ensures that claims filed against insolvent insurance
companies will be paid
An example of rebating is - correct answer. A producer who shares commissions with
a client
The required grace period for life insurance policies sold in Washington is - correct
answer. 30 days
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