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CH.19 WASHINGTON LAWS AND
RULES PERTINENT TO
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INSURANCE PRACTICE
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QUESTIONS WITH DETAILED
ANSWERS // 100%
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GUARANTEED PASS
A+ GRADED
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, Commissioner - ANS The Commissioner of Insurance is the chief officer of the
Washington Insurance Department. This is an elected position serving a term of 4
years. The Commissioner also makes rules and regulations to help carry out the
provisions of the Washington insurance code.
Hearing - ANS The Commissioner may hold a hearing whenever deemed necessary.
All hearings must be held or refused within 30 days after the Commissioner receives
demand. The Commissioner must give notice of the time and place of a hearing at least
10 days in advance.
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Penalties - ANS After the hearing, the Commissioner can impose a fine of up to
$1,000 for each violation upon any person who violates the Washington insurance code.
Cease and Desist - ANS The Commissioner can issue a cease and desist order to
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anyone violating the Washington insurance code.
Rates and Forms - ANS All insurance policy forms, applications, riders, or
endorsements must be filed with and approved by the Commissioner before they can be
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used.
Insurance - ANS Insurance is a contract in which one party (the insurer) agrees, for a
consideration (premiums), to pay the other (the insured) a specified amount upon
determinable contingencies.
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Insurer - ANS An insurer is anyone in the business of making insurance contracts
other than a fraternal benefit society.
Premium - ANS A premium is consideration or payment for insurance coverage.
Premiums are sometimes called assessments, policy fees, or service fees.
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Policy - ANS A policy is a written contract for insurance, including all clauses, riders,
endorsements, and attached papers.
Insurance Producer - ANS An individual who in any manner sells, solicits, or
negotiates insurance on behalf of insurance companies for compensation is an
insurance producer.
CH.19 WASHINGTON LAWS AND
RULES PERTINENT TO
lo
INSURANCE PRACTICE
yc
QUESTIONS WITH DETAILED
ANSWERS // 100%
ud
GUARANTEED PASS
A+ GRADED
st
, Commissioner - ANS The Commissioner of Insurance is the chief officer of the
Washington Insurance Department. This is an elected position serving a term of 4
years. The Commissioner also makes rules and regulations to help carry out the
provisions of the Washington insurance code.
Hearing - ANS The Commissioner may hold a hearing whenever deemed necessary.
All hearings must be held or refused within 30 days after the Commissioner receives
demand. The Commissioner must give notice of the time and place of a hearing at least
10 days in advance.
ck
Penalties - ANS After the hearing, the Commissioner can impose a fine of up to
$1,000 for each violation upon any person who violates the Washington insurance code.
Cease and Desist - ANS The Commissioner can issue a cease and desist order to
lo
anyone violating the Washington insurance code.
Rates and Forms - ANS All insurance policy forms, applications, riders, or
endorsements must be filed with and approved by the Commissioner before they can be
yc
used.
Insurance - ANS Insurance is a contract in which one party (the insurer) agrees, for a
consideration (premiums), to pay the other (the insured) a specified amount upon
determinable contingencies.
ud
Insurer - ANS An insurer is anyone in the business of making insurance contracts
other than a fraternal benefit society.
Premium - ANS A premium is consideration or payment for insurance coverage.
Premiums are sometimes called assessments, policy fees, or service fees.
st
Policy - ANS A policy is a written contract for insurance, including all clauses, riders,
endorsements, and attached papers.
Insurance Producer - ANS An individual who in any manner sells, solicits, or
negotiates insurance on behalf of insurance companies for compensation is an
insurance producer.
