1|Page
WA SURPLUS LINES BROKER EXAM LATEST 2026-2027 ACTUAL
EXAM WITH COMPLETE QUESTIONS AND CORRECT DETAILED
ANSWERS (100% VERIFIED ANSWERS) |ALREADY GRADED A+|
||PROFESSOR VERIFIED|| ||BRANDNEW!!!||
What organization decides alien insurers have fulfilled criteria and
can be included on the Quarterly Listing of Alien Insurers'?
A) NAIC
B) IRIS
C) IIDPO
D) Lloyd's - ANSWER-C- International Insurers Department Plan
of Operation
What information can you find on the Quarterly Listing of Alien
Insurers?
A) location of trust account
B) min required balance or trust account
C) market value of trust account
D) if account is funded by letter of credit
E) all of the above - ANSWER-E - along with trustee bank
contacts with telephone and fax #
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What AM Best Rating categories are considered Investment
Grade for Long-Term credit?
A) aaa
B) aa
C) a
D) bbb
E) all of the above - ANSWER-E) aaa, aa, a, and bbb are all
considered investment grade
What AM Best Rating categories are considered Investment
Grade for Short-Term credit?
A) AMB-1+
B) AMB-1
C) AMB-2
D) AMB-3
E) all of the above - ANSWER-E) all of the above
What AM Best Financial Strength Rating are considered secure?
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A) A++, A+
B) A, A-
C) B++, B+
D) all of the above - ANSWER-D) all of the above (superior,
excellent, good)
Lloyd's of London can write on admitted paper in what
states/territories? - ANSWER-Virgin Islands, Illinois, and Kentucky
Which organization body is responsible for regulating Lloyd's
(including direct supervision of managing agents and monitoring
capital solvency)? - ANSWER-FSA - Financial Service Authority
Which bank handles Lloyd's NY Trust Fund? - ANSWER-City
Bank
Gross Premiums Written to Policyholders Surplus should be what
ratio?
A) 9 to 1
B) 1 to 9
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C) 3 to 1
D) 1 to 3 - ANSWER-Gross premiums should be 9 to 1
Is the term 'unusual value' on a financial ratio report good, bad, or
not important? - ANSWER-Unusual values are BAD.
Where can you find the amount of Direct Premiums Written,
Reinsurance Assumed -Affiliates, & Reinsurance Assumed - Non-
Affiliates? - ANSWER-On the Underwriting & Investment Exhibit
page (8)
Where can you find the amount of Policyholders Surplus? -
ANSWER-The Liabilities, Surplus, and Other Funds page (3)
How do you find the ratio for 'Gross Premiums Written to
Policyholders Surplus'? - ANSWER-Direct Premiums Written +
Reinsurance Assumed - Affiliates + Reinsurance Assumed Non-
Affiliates / Policyholders Surplus * 100
(A + B + C) / D * 100
Should be 9 to 1
WA SURPLUS LINES BROKER EXAM LATEST 2026-2027 ACTUAL
EXAM WITH COMPLETE QUESTIONS AND CORRECT DETAILED
ANSWERS (100% VERIFIED ANSWERS) |ALREADY GRADED A+|
||PROFESSOR VERIFIED|| ||BRANDNEW!!!||
What organization decides alien insurers have fulfilled criteria and
can be included on the Quarterly Listing of Alien Insurers'?
A) NAIC
B) IRIS
C) IIDPO
D) Lloyd's - ANSWER-C- International Insurers Department Plan
of Operation
What information can you find on the Quarterly Listing of Alien
Insurers?
A) location of trust account
B) min required balance or trust account
C) market value of trust account
D) if account is funded by letter of credit
E) all of the above - ANSWER-E - along with trustee bank
contacts with telephone and fax #
,2|Page
What AM Best Rating categories are considered Investment
Grade for Long-Term credit?
A) aaa
B) aa
C) a
D) bbb
E) all of the above - ANSWER-E) aaa, aa, a, and bbb are all
considered investment grade
What AM Best Rating categories are considered Investment
Grade for Short-Term credit?
A) AMB-1+
B) AMB-1
C) AMB-2
D) AMB-3
E) all of the above - ANSWER-E) all of the above
What AM Best Financial Strength Rating are considered secure?
,3|Page
A) A++, A+
B) A, A-
C) B++, B+
D) all of the above - ANSWER-D) all of the above (superior,
excellent, good)
Lloyd's of London can write on admitted paper in what
states/territories? - ANSWER-Virgin Islands, Illinois, and Kentucky
Which organization body is responsible for regulating Lloyd's
(including direct supervision of managing agents and monitoring
capital solvency)? - ANSWER-FSA - Financial Service Authority
Which bank handles Lloyd's NY Trust Fund? - ANSWER-City
Bank
Gross Premiums Written to Policyholders Surplus should be what
ratio?
A) 9 to 1
B) 1 to 9
, 4|Page
C) 3 to 1
D) 1 to 3 - ANSWER-Gross premiums should be 9 to 1
Is the term 'unusual value' on a financial ratio report good, bad, or
not important? - ANSWER-Unusual values are BAD.
Where can you find the amount of Direct Premiums Written,
Reinsurance Assumed -Affiliates, & Reinsurance Assumed - Non-
Affiliates? - ANSWER-On the Underwriting & Investment Exhibit
page (8)
Where can you find the amount of Policyholders Surplus? -
ANSWER-The Liabilities, Surplus, and Other Funds page (3)
How do you find the ratio for 'Gross Premiums Written to
Policyholders Surplus'? - ANSWER-Direct Premiums Written +
Reinsurance Assumed - Affiliates + Reinsurance Assumed Non-
Affiliates / Policyholders Surplus * 100
(A + B + C) / D * 100
Should be 9 to 1
