Wa common insurance laws - Study guides, Class notes & Summaries

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WA COMMON INSURANCE LAWs Exam Questions Solved with Answers Verified 100% Correct |

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...

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...

WA Common Insurance Laws-Questions with 100% Correct Answers| Verified

PRACTICE FINAL EXAM: COMMON WA LAW QUESTIONS AND ANSWERS, 100% ACCURATE, VERIFIED. A person violating the insurance code of Washington could be guilty of a gross misdemeanor and upon conviction could: - -Be imprisoned not more than 1 year, Be fined not more than $1000- Penalties for any person violating this code - guilty of a gross misdemeanor and upon conviction will be fined not less than $10 nor more than $1,000 and imprisoned not more than1 year. Which one of the following is a po...

PROPERTY AND CASUALTY INSURANCE EXAM WITH VERIFIED ANSWERS 1. Specific insur- ance 2. Blanket insur- ance This type of insurance designates a particular item to be insured This type of insurance covers more than one item of property at a single location or one more items of prop- erty at multiple locations. 3. Speculative possibility of both gain and loss. Not insurable. 4. Pure only the possibility of loss. Insurable. 5. What are the 5 methods of man- aging or handling risk? avo...

Rockwell Real Estate Classes WA Final Exam 1 | Questions, Answers and Rationales A buyer purchases a rental home that is fully furnished. The document used to transfer title to the furniture is: a. quitclaim deed b. bill of sale c. special warranty deed d. general warranty deed Deeds transfer title to real estate, a bill of sale is generally needed to transfer title to personal property. Ben receives a life estate in a property, with his nephew Will designated as the remainderman. When Ben die...

Rockwell Real Estate Final Exam Questions and Answers Latest 2023/2024. The interest that passes to a designated person upon the death of a life tenant (or other measuring life) is a fee simple estate. Will has a remainder interest only up until the moment Ben dies. Once Ben is dead, Will's interest immediately becomes a fee simple interest. A buyer accepts a general warranty deed from a seller, believing that the seller is the sole owner of the property. The buyer later finds out that the...

Civil Procedure Final Exam litigation - ANS the process by which parties seek to resolve their dispute by going to court Sources of legal authority - ANS A. 1) constitutions (highest form of law); 2) statutes (acts of congress, peoples reps from each state); 3) court rules (procedures in every court system); 4) case law primary, and potentially binding ; 5) treaties; 6) regulations; 7) ordinances stare decisis - ANS top down precedent, must abide by decided cases-This e...