Washington Insurance Laws and Rules Exam | Verified Questions & Answers

WASHINGTONLAWSAND s s




RULESPERTINENTTO s s s




INSURANCE,EXAM WITH
s s s




QUESTIONS AND s s




ANSWERS s




Violations nof nUS nCode nTitle n18 nsection n1033, nmay nresult nin n- ncorrect nanswer-Fine
s s s s s s s s s s s s s




nand/or nimprisonment
s s




Charles nis na nproducer nwho nis nlicensed nin nWashington nbut nresides nin nOregon.
s s s s s s s s s s s s




nCharles nis nconsidered nto nbe na(n) n- ncorrect nanswer-Nonresident nproducer
s s s s s s s s s s




Before na nproducer nmay nsell, nsolicit, nor nnegotiate ninsurance nfrom nan ninsurer, nthe
s s s s s s s s s s s s




nproducer nmust nhave na(n) n- ncorrect nanswer-Appointment
s s s s s s s




The nact nof nusing nmisrepresentation nto ninduce nan ninsured nperson nto nterminate nan
s s s s s s s s s s s s




nexisting npolicy nand npurchase na nnew npolicy nis nreferred nto nas n- ncorrect nanswer-
s s s s s s s s s s s s s s




Twisting

An nexample nof nan nunfair nclaims nsettlement npractice nis n- ncorrect nanswer-Turning
s s s s s s s s s s s




ndown na nclaim nwithout nproviding nthe nbasis nof ndenial
s s s s s s s s s




One nrole nof nthe nCommissioner nis nto n- ncorrect nanswer-Enforce nstate ninsurance
s s s s s s s s s s s




nlaws
s




Every nproducer nlicensed nin nWashington nmust nnotify nthe nCommissioner nwithin n___
s s s s s s s s s s




ndays nof nany nchange nof nthe naddress. n- ncorrect nanswer-30
s s s s s s s s s s




The nidentity nof nthe n_____ nmust nbe nmade nclear nin nevery nhealth n(disability)
s s s s s s s s s s s s




ninsurance nadvertisement. n- ncorrect nanswer-Insurer
s s s s s




A nlife ninsurance npolicy nbecomes nincontestable nafter nit nhas nbeen nin nforce nfor n-
s s s s s s s s s s s s s




ncorrect nanswer-2 nyears
s s s




Advertising nregulations nexist nto n- ncorrect nanswer-Assure nfull nand ntruthful s s s s s s s s s




ndisclosures nto nthe npublic
s s s s

, When na nMedicare nSupplement ninsurance npolicy nis nbeing nreplaced, nwho nmust
s s s s s s s s s s




nsign nthe nnotice nof nreplacement? n- ncorrect nanswer-The nproducer nand nthe
s s s s s s s s s s s




napplicant
s




What nis nthe nMINIMUM nbenefit nperiod nthat nmust nbe noffered nby na nLong-Term nCare
s s s s s s s s s s s s s




npolicy? n- ncorrect nanswer-12 nmonths
s s s s s




No nlegal naction ncan nbe ninitiated nafter n___ nyears nfrom nthe ninitial ntime nwritten nproof
s s s s s s s s s s s s s s




nof nloss nhas nbeen nprovided. n- ncorrect nanswer-3
s s s s s s s s




When nreplacing na nlife ninsurance npolicy, na nproducer nmust nprovide nthe napplicant
s s s s s s s s s s s




nwith na n- ncorrect nanswer-Notice nRegarding nReplacement
s s s s s s s




A nMedicare nSupplement npolicy ncan nbe ncancelled nby nthe ninsurer nfor n- ncorrect
s s s s s s s s s s s s




nanswer-Nonpayment
s




A ncompany nthat nis nchartered nand norganized nof nthe nstate nin nwhich nits nhome noffice
s s s s s s s s s s s s s s




nis nlocated nis ncalled na(n) n- ncorrect nanswer-Domestic ninsurer
s s s s s s s s s




An ninsurance ncompany nmay nonly npay ncommissions nto na(n) n- ncorrect nanswer-
s s s s s s s s s s s




Licensed nproducer nappointed nby nthe ninsurer s s s s s




An nexample nof nan nUnfair nClaims nSettlement npractice nis n- ncorrect nanswer-Failing
s s s s s s s s s s s




nto npromptly nprovide nreasonable nexplanations nfor nthe ndenial nof nclaims
s s s s s s s s s s




An ninsurance ncompany nthat nhas nqualified nand nreceived na nCertificate nof nAuthority
s s s s s s s s s s s




nfrom nthe nInsurance nDepartment nto nsell ninsurance nin nthis nstate nis ncalled na(n) n-
s s s s s s s s s s s s s s




ncorrect nanswer-Authorized ninsurer
s s s




Replacement ncan nbe nBEST ndescribed nas n- ncorrect nanswer-Exchanging na nnew s s s s s s s s s s




npolicy nfor none nalready nin nforce
s s s s s s




An ninsurer nmay nexclude npreexisting nconditions non na nMedicare nSupplement npolicy
s s s s s s s s s s




nfor n___ nmonths. n- ncorrect nanswer-6
s s s s s s




What nis nthe npurpose nof nthe nWashington nLife nand nDisability nInsurance nGuaranty
s s s s s s s s s s s




nAssociation? n- ncorrect nanswer-Ensures nthat nclaims nfiled nagainst ninsolvent
s s s s s s s s s




ninsurance ncompanies nwill nbe npaid
s s s s s




An nexample nof nrebating nis n- ncorrect nanswer-A nproducer nwho nshares ncommissions
s s s s s s s s s s s




nwith na nclient
s s s




The nrequired ngrace nperiod nfor nlife ninsurance npolicies nsold nin nWashington nis n-
s s s s s s s s s s s s




ncorrect nanswer-30 ndays
s s s




Kiara nfilled nout na nlife ninsurance napplication nand nwas ngiven na npolicy nillustration
s s s s s s s s s s s s




nthat nshowed nfuture npremiums nbeing npaid nout nof nnonguaranteed nvalues. nThis
s s s s s s s s s s s




nillustration nMUST ndisclose nthat n- ncorrect nanswer-She nmay nneed nto nresume
s s s s s s s s s s s




npremium npayments, ndepending non nactual nresults
s s s s s s