Washington insurance - Study guides, Class notes & Summaries

policy owner - usually, but not always the person covered by the policy beneficiary - the person who is paid when a claim is submitted agent/producer - acts as a legal representative of the insurance company broker - representative of the Insured, not the insurance company risk - The chance or uncertainty of loss Pure risk - the chance of experiencing a loss (without the possibility of gain). Only downside, no upside. Speculative risk - s the chance of loss one accepts in the hope of re...

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

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

PROPERTY AND CASUALTY INSURANCE WASHINGTON STATE ACTUAL PRACTICE TEST LATEST 2024 ACTUAL EXAM COMPLETE 75+ QUESTIONS AND CORRECT DETAILED ANSWERS (VERIFIED ANSWERS) |ALREADY GRADED A.

FIN 537 Exam #1 Study Guide banks commercial - ANSWER-highly regulated financial institutions that deal with money and provide financial services; - deal mostly with ______ banks that accept deposits and provide loans intermediaries asset transactions - ANSWER-Banks are ________ between borrowers and savers - provide ______ transformation - provide financial ________ services valuable transactions - ANSWER-In ancient times, wealth was stored in the form of something _______ such ...

WASHINGTON STATE PROPERTY AND CASUALTY INSURANCE EXAM ACTUAL EXAM WITH PRACTICE TEST ALL 400 QUESTIONS AND CORRECT ANSWERS BEST TOOL TO STUDY PROPERTY AND CASUALTY INSURANCE COURSE

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

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