Insurance Regulations Washington State-Producer Licensing Correct 100%.

Person Required to be Licensed - ANSWER Cannot sell, solicit, or negotiate insurance unliess licensed for the appropriate line of authority Producer - ANSWER The person required to be licensed under state law to transact insurance. -At least 18 years of age -Has not committed any act that is ground for license denial, suspension, or revocation -Has completed a prelicensing course of study -Has paid the appropriate fees -Has passed the examinations for the appropriate line(s) of authority Independent Adjuster - ANSWER License is not required. Selling variable life and variable annuity - ANSWER Need a securities license from the Financial Industry Regulatory Authority (FINRA) Temporary producer license - ANSWER Maximum of 180 days without an exam to the following individuals: -The spouse or representative of a licensed producer who dies or becomes disabled, to allow time for the producers recovery, sale of the business, training and licensing of new personnel to operate the business; -A member or employee of a business entity licensed as an insurance producer if death happens to the applicant. -The designee of a licensed insurance producer serving in armed forces -Any other circumstance deemed fit by the Commissioner. Nonresident - ANSWER A non resident provider is an individual who is domiciled and licensed as a resident producer in a state other than Washington. -Proof of license in another state in alignment with Washington's; -or if State reciprocates and licenses Washington's producer and adjuster as nonresidents; -If state does not issue adjuster's license, must pass Washington's written examination Nonresident written certification proof - ANSWER -All currently active licenses held by an applicant -The lines of insurance for which the producer has qualified to sell -All disciplinary actions that were taken against the applicant. Exemptions - ANSWER If an employee does not sale insurance and do not receive any commision, a liscense is not required. Appointment - ANSWER To appoint a producer, the insurer must file a notice of appointment with the Commissioner within 15 days from the date the agency contract is exec