2024 /2025 | © copyright | This work may not be copied for profit gain Excel!
Wisconsin Property Insurance Questions and
Correct Answers | Latest Update
How does the Commissioner of Insurance receives their position?
A) Appointed by the Legislature.
B) Appointed by the Attorney General.
C) Appointed by the Governor.
D) Elected every 4 years.
✓ -:- C
Insurance laws in Wisconsin are made by:
A) The Commissioner of Insurance.
B) National Association of Insurance Commissioners (NAIC).
C) The Attorney General.
D) The Legislature.
✓ -:- D
To clarify a person's rights and duties under Wisconsin insurance law, the Commissioner
will issue a:
A) Hearing.
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,2024 /2025 | © copyright | This work may not be copied for profit gain Excel!
B)
Declaratory order.
C) Collateral examination.
D) 20 day review notice.
✓ -:- B
What is the minimum number of days the OCI has to hold a hearing by a denied applicant
for a license?
A) 10-30 days
B) 20 days
C) 5 days
D) 10 days
✓ -:- D
The Commissioner requires the insurance test to:
A) Determine if the applicant has committed a felony.
B) Determine if the applicant has taken Continuing Education classes.
C) Determine if the applicant if trustworthy and competent.
D) Determine if the applicant is at least a minimum 21 years of age.
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✓ -:- C
The Commissioner has all of the following powers except:
A) Implied power.
B) Enforcement power.
C) Incarceration power.
D) Specified power.
✓ -:- C
If the Commissioner does not put a time length on a revocation the intermediaries license is
revoked for:
A) 1 year
B) 5 years
C) 5 months
D) 15 months
✓ -:- B
If an applicant for an intermediary's license requests a hearing because of a denial of the
license by the Commissioner the intermediary has how many days to request the hearing?
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, 2024 /2025 | © copyright | This work may not be copied for profit gain Excel!
A)
10 days
B) 20 days
C) 30 days
D) 3 months
✓ -:- C
All the following are not considered an intermediary except:
A) A high school teacher teaching insurance.
B) An accountant giving incidental advice about insurance.
C) A risk manager for a large manufacturer.
D) A person going door-to-door soliciting accident policies.
✓ -:- D
Surplus Lines insurance is:
A) Unauthorized.
B) Authorized.
C) Neither authorized or unauthorized.
D) Not allowed in Wisconsin.
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Wisconsin Property Insurance Questions and
Correct Answers | Latest Update
How does the Commissioner of Insurance receives their position?
A) Appointed by the Legislature.
B) Appointed by the Attorney General.
C) Appointed by the Governor.
D) Elected every 4 years.
✓ -:- C
Insurance laws in Wisconsin are made by:
A) The Commissioner of Insurance.
B) National Association of Insurance Commissioners (NAIC).
C) The Attorney General.
D) The Legislature.
✓ -:- D
To clarify a person's rights and duties under Wisconsin insurance law, the Commissioner
will issue a:
A) Hearing.
1 | P a g e | G r a d e A + | 2 0 0 2 5
,2024 /2025 | © copyright | This work may not be copied for profit gain Excel!
B)
Declaratory order.
C) Collateral examination.
D) 20 day review notice.
✓ -:- B
What is the minimum number of days the OCI has to hold a hearing by a denied applicant
for a license?
A) 10-30 days
B) 20 days
C) 5 days
D) 10 days
✓ -:- D
The Commissioner requires the insurance test to:
A) Determine if the applicant has committed a felony.
B) Determine if the applicant has taken Continuing Education classes.
C) Determine if the applicant if trustworthy and competent.
D) Determine if the applicant is at least a minimum 21 years of age.
2 | P a g e | G r a d e A + | 2 0 0 2 5
,2024 /2025 | © copyright | This work may not be copied for profit gain Excel!
✓ -:- C
The Commissioner has all of the following powers except:
A) Implied power.
B) Enforcement power.
C) Incarceration power.
D) Specified power.
✓ -:- C
If the Commissioner does not put a time length on a revocation the intermediaries license is
revoked for:
A) 1 year
B) 5 years
C) 5 months
D) 15 months
✓ -:- B
If an applicant for an intermediary's license requests a hearing because of a denial of the
license by the Commissioner the intermediary has how many days to request the hearing?
3 | P a g e | G r a d e A + | 2 0 0 2 5
, 2024 /2025 | © copyright | This work may not be copied for profit gain Excel!
A)
10 days
B) 20 days
C) 30 days
D) 3 months
✓ -:- C
All the following are not considered an intermediary except:
A) A high school teacher teaching insurance.
B) An accountant giving incidental advice about insurance.
C) A risk manager for a large manufacturer.
D) A person going door-to-door soliciting accident policies.
✓ -:- D
Surplus Lines insurance is:
A) Unauthorized.
B) Authorized.
C) Neither authorized or unauthorized.
D) Not allowed in Wisconsin.
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