Washington laws - Study guides, Class notes & Summaries

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...

Violations of US Code Title 18 section 1033, may result in - ANS Fine and/or imprisonment Charles is a producer who is licensed in Washington but resides in Oregon. Charles is considered to be a(n) - ANS Nonresident producer Before a producer may sell, solicit, or negotiate insurance from an insurer, the producer must have a(n) - ANS Appointment The act of using misrepresentation to induce an insured person to terminate an existing policy and purchase a new policy is referred t...

WASHINGTON LAWS AND RULES PERTINENT TO INSURANCE EXAM-with 100% verified solutions

Washington Laws, Rules, and Regulations questions and answers.

Violations of US Code Title 18 section 1033, may result in - ACCURATE ANSWERS Fine and/or imprisonment Charles is a producer who is licensed in Washington but resides in Oregon. Charles is considered to be a(n) - ACCURATE ANSWERS Nonresident producer Before a producer may sell, solicit, or negotiate insurance from an insurer, the producer must have a(n) - ACCURATE ANSWERS Appointment The act of using misrepresentation to induce an insured person to terminate an existing policy and purch...

Washington Laws and Rules Pertinent to Insurance Exam Questions with 100% Verified Correct Answers 2024/2025 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 ...

Who can be disciplined the the pharmacy commission jurisdiction? - correct ans----Pharmacists, interns, techs, assistants, wholesalers. But they have no authority over patients, nurses, or other HCPs. What class of felonies would most drug related crimes fall into? What is the # of years in prison and the fine for this type of felony? - correct ans----Class C felonies. Possession of stolen property, drug crimes, criminal trespass, theft, DUI, felonious driving. 5 years in prison and/or a ...

WASHINGTON LAWS AND RULES PERTINENT TO INSURANCE EXAM QUESTIONS AND ANSWERS WITH COMPLETE SOLUTIONS GRADED A++ Commissioner 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 The Commissioner may hold a hearing whenever deemed necessary. All hearings must be held or refused w...

Washington Laws and Rules Pertinent to Insurance Test Questions and Answers Latest 2024/2025 (100% Correct ) Before a producer may sell, solicit, or negotiate insurance from an insurer, the producer must have a(n) correct answers Appointment The act of using misrepresentation to induce an insured person to terminate an existing policy and purchase a new policy is referred to as correct answers Twisting An example of an unfair claims settlement practice is correct answers Turning down a claim...

Washington Laws and Rules Pertinent to Insurance Test Questions and Answers | 100% Correct | Latest 2024/2025. Violations of US Code Title 18 section 1033, may result in correct answers 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 answers Nonresident producer Before a producer may sell, solicit, or negotiate insurance from an insurer, the producer must have a(n) correct answers Appointment The a...