[Wisconsin Property and Casualty Insurance Statutes, Rules and Regulations Common to Property and Casualty Insurance Agent Ethics Licensing Commissioner Hearings Claims Auto Insurance Security Fund and Surplus Lines Practice Exam] LATEST ALL VER

[Wisconsin Property and Casualty Insurance
Statutes, Rules and Regulations Common to
Property and Casualty Insurance Agent Ethics
Licensing Commissioner Hearings Claims Auto
Insurance Security Fund and Surplus Lines
Practice Exam] LATEST ALL VERSIONS
ACTUAL EXAM COMPLETE QUESTIONS AND
CORRECT DETAILED ANSWERS (VERIFIED
ANSWERS) |ALREADY GRADED A+ 2026/2027
WITH FREE PRACTICE TEST SETS


Study note: This is an exam-style review set based strictly on the supplied Wisconsin notes. It is
for study purposes only and is not legal advice.



SECTION 1 — PASTED QUESTIONS IMPROVED

1. You must be how old to obtain an intermediary’s license in WI?
A. 16 years old
B. 18 years old
C. 21 years old
D. 25 years old
✔✔✔ CORRECT 100% ANSWER 📌✔❤❤ B. 18 years old.

,Rationale: The notes state you must be 18 years old to obtain an intermediary’s license in
Wisconsin.

2. How many hours of pre-licensing education are required?
A. 10 hours
B. 15 hours
C. 20 hours
D. 24 hours
✔✔✔ CORRECT 100% ANSWER 📌✔❤❤ C. 20 hours.
Rationale: The notes state 18 years old and only 20 hours of pre-licensing education.

3. What is the time frame to report a change of address, administrative actions, or criminal
prosecutions to the Commissioner?
A. 10 days
B. 15 days
C. 20 days
D. 30 days
✔✔✔ CORRECT 100% ANSWER 📌✔❤❤ D. 30 days.
Rationale: The notes state the time frame is 30 days.

4. Records must be maintained for at least how many years?
A. 1 year
B. 2 years
C. 3 years
D. 5 years
✔✔✔ CORRECT 100% ANSWER 📌✔❤❤ C. 3 years.
Rationale: The notes state all records must be maintained for at least 3 years.

5. The Commissioner may issue a temporary intermediary license for a maximum of how
many years to a surviving spouse, business partner, or employee if an intermediary dies,
becomes disabled, or is called to active military service?
A. 6 months
B. 1 year
C. 2 years
D. 3 years

,✔✔✔ CORRECT 100% ANSWER 📌✔❤❤ B. 1 year.
Rationale: The notes state the temporary intermediary license may be issued for a maximum of
1 year.

6. An insurer must file a notice of appointment within how many days of the agency contract
or first insurance application?
A. 5 days
B. 10 days
C. 15 days
D. 30 days
✔✔✔ CORRECT 100% ANSWER 📌✔❤❤ C. 15 days.
Rationale: The notes state the insurer must file a notice of appointment within 15 days.

7. An insurer must notify the Commissioner within how many days of termination of
appointment?
A. 10 days
B. 15 days
C. 20 days
D. 30 days
✔✔✔ CORRECT 100% ANSWER 📌✔❤❤ D. 30 days.
Rationale: The notes state an insurer must notify the Commissioner within 30 days of the
termination date.

8. What are the required biennial fees for a resident intermediary and a nonresident
intermediary?
A. $25 resident; $50 nonresident
B. $35 resident; $70 nonresident
C. $50 resident; $100 nonresident
D. $70 resident; $35 nonresident
✔✔✔ CORRECT 100% ANSWER 📌✔❤❤ B. $35 resident; $70 nonresident.
Rationale: The notes state the biennial fees are $35 for a resident intermediary and $70 for a
nonresident intermediary.

9. What are the total continuing education hours required for each two-year licensing period,
and how many ethics credit hours are included?

, A. 24 total hours; 3 ethics hours
B. 20 total hours; 2 ethics hours
C. 24 total hours; 6 ethics hours
D. 30 total hours; 3 ethics hours
✔✔✔ CORRECT 100% ANSWER 📌✔❤❤ A. 24 total hours; 3 ethics hours.
Rationale: The notes state 24 credit hours total, including 3 credit hours of ethics.

10. Payment of claims must be made within how many days after written notice of loss, and
what interest rate is due per annum?
A. 15 days; 5%
B. 20 days; 7.5%
C. 30 days; 7.5%
D. 30 days; 10%
✔✔✔ CORRECT 100% ANSWER 📌✔❤❤ C. 30 days; 7.5%.
Rationale: The notes state payment must be made within 30 days, with 7.5% interest due per
annum.

11. Rates must be filed with the Commissioner within how many days after rates become
effective?
A. 10 days
B. 15 days
C. 30 days
D. 60 days
✔✔✔ CORRECT 100% ANSWER 📌✔❤❤ C. 30 days.
Rationale: The notes state rates must be filed within 30 days after rates become effective.

12. What is the maximum bond amount and the premium tax paid by policyholders?
A. $50,000 bond; 2% premium tax
B. $100,000 bond; 3% premium tax
C. $200,000 bond; 3% premium tax
D. $100,000 bond; 5% premium tax
**✔✔✔ CORRECT 100% ANSWER 📌✔❤❤ B. $100,000 bond; 3% premium tax.**
**Rationale:** The notes state maximum bond amount is $100,000 and the premium tax paid
by policyholders is 3%.