Wa state life insurance - Study guides, Class notes & Summaries
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Washington State Property & Casualty Insurance Exam Correct 100%
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uthorized Insurer - ANSWER An insurer that has qualified and received a Certificate of Authority from the Department of Insurance to transact insurance in the state. 
 
Contact adhesion - ANSWER the accepter of the contract must "adhere" to the written contract 
 
inducement - ANSWER An action aimed at persuading 
 
insolvent - ANSWER Bankrupt; unable to pay debts. 
 
Transacting Insurance - ANSWER Conducting insurance business, such as soliciting or negotiating to buy or sell an insurance pol...
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Insurance Regulations Washington State-Producer Licensing Correct 100%
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Person Required to be Licensed - ANSWER Cannot sell, solicit, or negotiate insurance unliess licensed for the appropriate line of authority 
 
Producer - ANSWER The person required to be licensed under state law to transact insurance. 
-At least 18 years of age 
-Has not committed any act that is ground for license denial, suspension, or revocation 
-Has completed a prelicensing course of study 
-Has paid the appropriate fees 
-Has passed the examinations for the appropriate line(s) of authorit...
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WA State Property & Casualty State exam Correct 100%
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Assignment - ANSWER The transfer of a policy to another party. Often done when commercial property is sold to a new owner. 
 
Building & Personal Property (BPP) - ANSWER The commercial property policy for larger businesses. 
 
Business Income Policy - ANSWER A commercial policy covering the indirect loss of income following a loss. 
 
Cancellation - ANSWER Termination of a policy during the policy period. 
 
Casualty Insurance - ANSWER A broad term which includes all of the policy types that may...
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combined tests for 2023 Washington Life-Health Insurance
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combined tests for 2023 Washington Life-Health Insurance
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WA Common Insurance Laws Accurate 100%
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For an insurance company to write insurance in our state, it must _______ - ANSWER File for a Certificate of Authority. 
Insurance Companies' licenses are Certificates of Authority. Insurance Producers licenses are Producer Licenses. 
 
Producer Clancy Wiggum, whose birthday is January 10th, does not send in his renewal application to the State to renew his producer license. The last day in which he can sell insurance is __________. - ANSWER January 31st 
Licenses expire every two years at mid...
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Practice Test- Property and Casualty Insurance Washington State Accurate 100%
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Punitive damages are intended to do all of the following EXCEPT 
1. 
compensate for actual financial losses. 
2. 
discourage others from doing wrong. 
3. 
discipline the insured. 
4. 
make an example of bad behavior. - ANSWER compensate for actual financial losses 
 
When an insured selects symbol 2 on the automobile declarations, indicating coverage for any auto titled to the insured, which of the following automobile types will be covered? 
1. 
any auto 
2. 
mobile equipment 
3. 
owned ...
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WA State Laws and Regulations for Life and Disability Insurance Exam Questions And Answers |Guaranteed Success
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WA State Laws and Regulations for Life and Disability Insurance Exam Questions And Answers |Guaranteed Success
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WA State Laws and Regulations for Life and Disability Insurance
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WA State Laws and Regulations for Life and Disability Insurance 
WA State Laws and Regulations for Life and Disability Insurance 
WA State Laws and Regulations for Life and Disability Insurance
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Chapter 12 - Washington laws Complete Questions & Answers!!
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A producer's fiduciary responsibility includes which of the following activities? 
 
- Recording the receipt and distribution of premiums due to an insurer 
- Properly remunerating persons who furnish leads on prospects 
- Providing needed insurance to prospective insureds through any sources that are available 
- Guaranteeing payment to insureds for losses covered by policies that the producer sold - ANSWER Recording the receipt and distribution of premiums due to an insurer 
 
Group life in...
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Bundle of Funeral Prearrangement License Exams
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Exam (elaborations)
Washington State funeral LRR 308-49 Prearrangement Funeral Services Exam

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Wa Laws, Rules, Regulations Funeral director Exam

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Exam (elaborations)
TX Preneed Funeral Exam Review Questions and Answers.

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Texas Prearrangement Life Insurance Agent License Exam Questions and Answers

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