WA Surplus Lines Broker Exam
(2025) comprehensive questions
and verified answers ( detailed &
elaborated) ACTUAL EXAM 2025
TEST!!
Save
Terms in this set (179)
When are you March 1st
required to file
premium tax
return for the
previous
calendar year
by?
,What does Rules state that certain assets are
statutory non-admitted (don't count) as you
accounting can't pay claims with them.
mean?
Bonds rated 1&2
___________ and
higher are
considered
investment
grade.
What does IBNR Incurred but not reported
stand for?
,True or false, TRUE
individuals
whose Surplus
Line Brokers
license was
active and did
not have an
active affiliation
with a business
entity are
required to file
a premium tax
return, even if
no business was
transacted?
Which office SVO (Securities Valuation Office)
assigns the
bonds rating?
What is Loss Incurred + Loss Expense /
Combined Earned Premium
Ratio?
What are General questions about the
General Company.
Interrogatories?
, Financials: what Incurred & open losses
is Schedule P
include?
What does National Association of Insurance
NAIC stand for? Commissioners
What countries US and Canada
are included on
AM Best
report?
Where can you International Insurers Department
find a list of Plan of Operation.
alien companies
and Lloyd
syndicates with
city/country of
domicile?
Insurance Regulatory Information
What does IRIS
System ( Exceptional value is BAD
stand for?
or unusual)
(2025) comprehensive questions
and verified answers ( detailed &
elaborated) ACTUAL EXAM 2025
TEST!!
Save
Terms in this set (179)
When are you March 1st
required to file
premium tax
return for the
previous
calendar year
by?
,What does Rules state that certain assets are
statutory non-admitted (don't count) as you
accounting can't pay claims with them.
mean?
Bonds rated 1&2
___________ and
higher are
considered
investment
grade.
What does IBNR Incurred but not reported
stand for?
,True or false, TRUE
individuals
whose Surplus
Line Brokers
license was
active and did
not have an
active affiliation
with a business
entity are
required to file
a premium tax
return, even if
no business was
transacted?
Which office SVO (Securities Valuation Office)
assigns the
bonds rating?
What is Loss Incurred + Loss Expense /
Combined Earned Premium
Ratio?
What are General questions about the
General Company.
Interrogatories?
, Financials: what Incurred & open losses
is Schedule P
include?
What does National Association of Insurance
NAIC stand for? Commissioners
What countries US and Canada
are included on
AM Best
report?
Where can you International Insurers Department
find a list of Plan of Operation.
alien companies
and Lloyd
syndicates with
city/country of
domicile?
Insurance Regulatory Information
What does IRIS
System ( Exceptional value is BAD
stand for?
or unusual)
