Washington Laws and Rules Pertinent to Insurance
Latest 2026/2027 Questions and Correct Detailed
Answers Already Graded A+
Violations of US Code Title 18 section 1033, may result in - CORRECT ANSWER-
Fine and/or imprisonment
The Life and Disability Guaranty Association provides funds to carry out its powers
and duties by assessing - CORRECT ANSWER-Member insurers
Which of these is not a characteristic of a Fraternal Benefit Society - CORRECT
ANSWER-Exists for profit
What provision states that the policy and application shall constitute the entire
contract between parties? - CORRECT ANSWER-Entire contract
Which of the following unfair trade practices involves a producer who makes
public, malicious statements about an insurer's financial condition? - CORRECT
ANSWER-Defamation
,A foreign insurance company doing business in Washington - CORRECT
ANSWER-Is a company that was formed under the laws of another state
An insurer is REQUIRED to offer which of the following to each long-term care
applicant at the time of purchase? - CORRECT ANSWER-Inflation protection
Tim's individual life insurance policy has just recently lapsed. His policy may be
reinstated at any time within ___ year(s) - CORRECT ANSWER-3
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
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
ANSWER-Twisting
An example of an unfair claims settlement practice is - CORRECT ANSWER-
Turning down a claim without providing the basis of denial
, One role of the Commissioner is to - CORRECT ANSWER-Enforce state
insurance laws
Every producer licensed in Washington must notify the Commissioner within ___
days of any change of the address. - CORRECT ANSWER-30
The identity of the _____ must be made clear in every health (disability) insurance
advertisement. - CORRECT ANSWER-Insurer
A life insurance policy becomes incontestable after it has been in force for -
CORRECT ANSWER-2 years
Advertising regulations exist to - CORRECT ANSWER-Assure full and truthful
disclosures to the public
When a Medicare Supplement insurance policy is being replaced, who must sign
the notice of replacement? - CORRECT ANSWER-The producer and the
applicant
Latest 2026/2027 Questions and Correct Detailed
Answers Already Graded A+
Violations of US Code Title 18 section 1033, may result in - CORRECT ANSWER-
Fine and/or imprisonment
The Life and Disability Guaranty Association provides funds to carry out its powers
and duties by assessing - CORRECT ANSWER-Member insurers
Which of these is not a characteristic of a Fraternal Benefit Society - CORRECT
ANSWER-Exists for profit
What provision states that the policy and application shall constitute the entire
contract between parties? - CORRECT ANSWER-Entire contract
Which of the following unfair trade practices involves a producer who makes
public, malicious statements about an insurer's financial condition? - CORRECT
ANSWER-Defamation
,A foreign insurance company doing business in Washington - CORRECT
ANSWER-Is a company that was formed under the laws of another state
An insurer is REQUIRED to offer which of the following to each long-term care
applicant at the time of purchase? - CORRECT ANSWER-Inflation protection
Tim's individual life insurance policy has just recently lapsed. His policy may be
reinstated at any time within ___ year(s) - CORRECT ANSWER-3
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
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
ANSWER-Twisting
An example of an unfair claims settlement practice is - CORRECT ANSWER-
Turning down a claim without providing the basis of denial
, One role of the Commissioner is to - CORRECT ANSWER-Enforce state
insurance laws
Every producer licensed in Washington must notify the Commissioner within ___
days of any change of the address. - CORRECT ANSWER-30
The identity of the _____ must be made clear in every health (disability) insurance
advertisement. - CORRECT ANSWER-Insurer
A life insurance policy becomes incontestable after it has been in force for -
CORRECT ANSWER-2 years
Advertising regulations exist to - CORRECT ANSWER-Assure full and truthful
disclosures to the public
When a Medicare Supplement insurance policy is being replaced, who must sign
the notice of replacement? - CORRECT ANSWER-The producer and the
applicant
