Washington laws and rules - Study guides, Class notes & Summaries

Washington Laws and Rules Pertinent to Insurance Exam

Violations of US Code Title 18 section 1033, may result in - 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) - ANSWER-Nonresident producer Before a producer may sell, solicit, or negotiate insurance from an insurer, the producer must have a(n) - ANSWER-Appointment The act of using misrepresentation to induce an insured person to terminate an existing policy and purchase a new policy is referred t...

Commissioner - ANS The Commissioner of Insurance is the chief officer of the Washington Insurance Department. This is an elected position serving a term of 4 years. The Commissioner also makes rules and regulations to help carry out the provisions of the Washington insurance code. Hearing - ANS The Commissioner may hold a hearing whenever deemed necessary. All hearings must be held or refused within 30 days after the Commissioner receives demand. The Commissioner must give notice of the...

The Grace Period for an accident and health (disability) policy where the premiums are paid monthly is - ANSWER 10 days Newborn coverage for an accident and health (disability) family policy begins - ANSWER at the moment of birth Misrepresentation - ANSWER A licensee who informs an insured of inaccurate terms, benefits, or advantages of any policy is committing which of the following violations? Bronze, Silver, Gold, Platinum - ANSWER How are health plans classified according to the Aff...

Commissioner - ANSWER this is the chief officer of the WA insurance Department. This is an elected position serving a term of 4 years. This person also makes rules and regulations to help carry out the provisions of the WA insurance code Hearing - ANSWER The commissioner may hold one of these whenever deemed necessary. All must be held or refused within 30 days after the Commissioner receives demand. The commissioner must give notice of the time and place at least 10 days in advance Penalt...

The Grace Period for an accident and health (disability) policy where the premiums are paid monthly is - ANSWER 10 days Newborn coverage for an accident and health (disability) family policy begins - ANSWER at the moment of birth Misrepresentation - ANSWER A licensee who informs an insured of inaccurate terms, benefits, or advantages of any policy is committing which of the following violations? Bronze, Silver, Gold, Platinum - ANSWER How are health plans classified according to the Aff...

Commissioner - ANSWER this is the chief officer of the WA insurance Department. This is an elected position serving a term of 4 years. This person also makes rules and regulations to help carry out the provisions of the WA insurance code Hearing - ANSWER The commissioner may hold one of these whenever deemed necessary. All must be held or refused within 30 days after the Commissioner receives demand. The commissioner must give notice of the time and place at least 10 days in advance Penalt...

Washington Laws and Rules Exam Questions with Correct Answers

WASHINGTON LAWS AND RULES PERTINENT TO INSURANCE EXAM-with 100% verified solutions Kiara filled out a life insurance application and was given a policy illustration that showed future premiums being paid out of nonguaranteed values. This illustration MUST disclose that - answer>>>She may need to resume premium payments, depending on actual results

WASHINGTON LAWS AND RULES PERTINENT TO INSURANCE.