Washington State Insurance Licensing Questions & Answers!

30 days - ANSWER Most insurance rates must be filed with the commisioner how many days prior to use? Larceny by Embezzlement - ANSWER To misuse a clients money is... Certificate of Authority - ANSWER An insurer must hold a ________ in the state of Washington in order to do business in this state. Vicarious Liability - ANSWER Liability for the action of others is... 30 days - ANSWER When an insurer revokes a producer's appointment, they must notify the commisioner with how many days? July 1st - ANSWER Certificates of Authority must be renewed every... 15 days - ANSWER When appointing a producer as their agent, an insurer must notify the commisioner within how many days? FINRA - ANSWER To sell variable products you must be registered with the... (Formerly NASD) 12 Months - ANSWER The maximum license suspension is... Strict Liability - ANSWER If the injured party can prove that a product was defective, the manufacturer is... Misrepresentation - ANSWER There can be no dividend guarantee. To do so would be... Rebating - ANSWER Giving illegal inducements to a sale is known as... Two - ANSWER How many guarantee associations are there in the state of Washington? 90 Days - ANSWER A person aggrieved by a written order of the Commisioner may demand a hearing within how many days after receipt of such order? Absolute Liability - ANSWER There are some activities that are especially hazardous. (ie: owning a wild and exotic animal, manufacturing or selling fireworks). This is... 30