Washington insurance - Study guides, Class notes & Summaries

borrowing more than __% of the loan value of a life insurance policy to purchase a new policy is considered replacement - ANSWER 25% Period of time with receiving an application that the replacing insurer must notify any other existing insurer - ANSWER 3 days length of time replacing insurer must keep copies of the replacement notice records - ANSWER at least 3 years Free look for life insurance replacements - ANSWER 20 days WA life insurance policy illustrations rules do not apply t...

WASHINGTON LAWS AND RULES PERTINENT TO INSURANCE EXAM {GRADED A} • 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 ...

Washington State Property & Casualty Insurance Exam 100% correct answers Authorized Insurer An insurer that has qualified and received a Certificate of Authority from the Department of Insurance to transact insurance in the state. Contact adhesion the accepter of the contract must "adhere" to the written contract inducement An action aimed at persuading insolvent Bankrupt; unable to pay debts. Transacting Insurance Conducting insurance business, such as solicit...

WASHINGTON STATE PROPERTY & CASUALTY INSURANCE 3 VERSIONS NEWEST EXAM2024 UPDATE 320QUESTIONS WITH 100% CORRECT ANSWERS GRADED A

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Washington Life/Health Insurance Exam 2024|2025

WASHINGTON LAWS AND RULES PERTINENT TO INSURANCE EXAM 202true - CORRECT ANSWER Probable cause is not needed to obtain an administrative search warrant. a.True b.False conduction - CORRECT ANSWER Heat transfer to another body or within a body by direct contact is called: a.Conduction. b.Convection. c.Radiation. d.Pyrolysis. true - CORRECT ANSWER Fuses and circuit breakers provide protection against electrical short circuits, ground/earth faults,and load currents that might be da...

Washington State Property Casualty Insurance Exam 2024 Questions and Answers Latest (2024 / 2025) (Verified Answers)

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Washington Laws and Rules Pertinent to Insurance (with 100% Acknowledgement) 2024/2025