Wa state life insurance - Study guides, Class notes & Summaries

Wa state life insurance exam study guide Fair credit reporting act - Answer️️ -A federal law that regulates consumer reporting agency's in the use of consumer reports Fair credit reporting act requirement - Answer️️ -The insurer must inform the applicant of the name and address of the investigation agency so the applicant is able to obtain a copy of the report and have the opportunity to refute any misinformation Fair credit reporting act requirement - Answer️️ -The investiga...

UCanPass WA State Life Insurance Exam Questions and Answers

Life Insurance Test WA state (and general insurance review) Questions and Answers (Latest 2025)

Life Insurance Test WA State (And General Insurance Review) Questions and Answers Graded A+ When does insured need an insurable interest? when they buy insurance(not like property casualty where have to have at time of claim and not necessarily when buying) when is subrogation used? not in life and seldom in health elimination period what acts as the deductible in health insurance(the term deductible is not used in disibility insurance) - have to actually be disabled for a certian ...

Life Insurance Test WA state (and general insurance review)

WA LIFE & HEALTH INSURANCE LICENSE LATEST UPDATE GRADED A Fair Credit Reporting Act protects consumers against circulation of inaccurate or obsolete personal or financial information Domestic in the state Foreign in OTHER state Alien out of the U.S. (other country) Temporary License 180 DAYS Peril cause of loss (such as a fire) Risk chance of loss PURE Risk chance of loss WITHOUT ANY chance of gain Consideration Clause something of value must be exchanged NONresid...

Life Insurance Test WA state (and general insurance review)

Every 2 year renewal period, a Producer must complete: - ANSWER 24 hrs of continuing education The Commissioner may suspend or revoke a Producer's license for any of the following: - ANSWER Guaranteeing dividends Rebating Twisting The Commissioner may: - ANSWER approve premium rates Jasmine knows that she must complete 24 hours of continuing education every two years to renew her life license. However, if she also obtains a casualty license, her total continuing education requirement...

WA State Laws and Regulations for Life and Disability Insurance Already Passed The comissioner serves a term of __ years. 4 The Commissioner must execute a bond of $_____ per year. 25,000 The commissioner must examine each insurer at least every ___ years. 5 ___ day's notice required for the Commissioner to suspend or revoke a license. 15 Suspension or revocation is effective no less than ___ days after a hearing. 10 ___ days' notice to temporarily suspend a license, if emer...

Federal Taxation of Business Health Insurance - -Self employed people can deduct the cost of their personal health insurance -Self employed may deduct all LTC premiums -Disability buy out premiums not tax deductible -BOE insurance premiums are deductible LTC riders - -To sell LTC riders must complete 8 hour inital training -And 4 hours in addition to 24 month CE -Every march 31 businesses must affirm all their employees have this shit done Appointing a producer - -Insurance company lets ...