Page 1
WA State Laws and Regulations for Life and
Disability Insurance Latest Exam Questions
And Answers 2023 Definite Success
Assured
The comissioner serves a term of __ years. - Correct answer 4
The Commissioner must execute a bond of $_____ per year. - Correct answer 25,000
The commissioner must examine each insurer at least every ___ years. - Correct
answer 5
___ day's notice required for the Commissioner to suspend or revoke a license. -
Correct answer 15
Suspension or revocation is effective no less than ___ days after a hearing. - Correct
answer 10
___ days' notice to temporarily suspend a license, if emergency action is needed. -
Correct answer 3
maximum length of license suspension - Correct answer 12 months
Persons violating any provision will be fined up to $___. - Correct answer 1,000
Civil penalty for persons knowingly engaging in insurance activities without a license is
$_____. - Correct answer 25,000
___ days is needed from licensees time to notify the Commissioner of address change.
- Correct answer 30
A surplus lines affidavit must be filed with the Commissioner within ___ days after the
insurance transaction. - Correct answer 60
Washington Life and Disability Guaranty Association (protects insureds from impaired or
insolvent insurers) limit is $___. - Correct answer 500,000
Applicant needs to be at least ___ years old. - Correct answer 18
A temporary insurance producer license may be issued for up to ___ days. - Correct
answer 180
[Date]
1
WA State Laws and Regulations for Life and
Disability Insurance Latest Exam Questions
And Answers 2023 Definite Success
Assured
The comissioner serves a term of __ years. - Correct answer 4
The Commissioner must execute a bond of $_____ per year. - Correct answer 25,000
The commissioner must examine each insurer at least every ___ years. - Correct
answer 5
___ day's notice required for the Commissioner to suspend or revoke a license. -
Correct answer 15
Suspension or revocation is effective no less than ___ days after a hearing. - Correct
answer 10
___ days' notice to temporarily suspend a license, if emergency action is needed. -
Correct answer 3
maximum length of license suspension - Correct answer 12 months
Persons violating any provision will be fined up to $___. - Correct answer 1,000
Civil penalty for persons knowingly engaging in insurance activities without a license is
$_____. - Correct answer 25,000
___ days is needed from licensees time to notify the Commissioner of address change.
- Correct answer 30
A surplus lines affidavit must be filed with the Commissioner within ___ days after the
insurance transaction. - Correct answer 60
Washington Life and Disability Guaranty Association (protects insureds from impaired or
insolvent insurers) limit is $___. - Correct answer 500,000
Applicant needs to be at least ___ years old. - Correct answer 18
A temporary insurance producer license may be issued for up to ___ days. - Correct
answer 180
[Date]
1
