9/9/25, 9:12 PM WA Surplus Lines Broker EXAM Questions & Answers | 100% Verified solutions |Questions with Correct Answers 2025 latest update!…
WA Surplus Lines Broker EXAM Questions &
Answers | 100% Verified solutions |Questions with
Correct Answers 2025 latest update!!
Save
Terms in this set (179)
When are you required to March 1st
file premium tax return for
the previous calendar year
by?
What does statutory Rules state that certain assets are non-admitted (don't
accounting mean? count) as you can't pay claims with them.
Bonds rated ___________ and 1&2
higher are considered
investment grade.
What does IBNR stand Incurred but not reported
for?
True or false, individuals TRUE
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?
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,9/9/25, 9:12 PM WA Surplus Lines Broker EXAM Questions & Answers | 100% Verified solutions |Questions with Correct Answers 2025 latest update!…
Which office assigns the SVO (Securities Valuation Office)
bonds rating?
What is Combined Ratio? Loss Incurred + Loss Expense / Earned Premium
What are General General questions about the Company.
Interrogatories?
Financials: what is Incurred & open losses
Schedule P include?
What does NAIC stand National Association of Insurance Commissioners
for?
What countries are US and Canada
included on AM Best
report?
Where can you find a list International Insurers Department Plan of Operation.
of alien companies and
Lloyd syndicates with
city/country of domicile?
Insurance Regulatory Information System (
What does IRIS stand for?
Exceptional value is BAD or unusual)
When was the WA State B, January 1, 2012
regulatory stamp
changed?
A. January 30, 1975
B. January 1, 2012
C. March 31, 2000
D. March 1, 2011
Where/when should the Every contract, including binder, on the face of the
registry stamp be placed policy. SLB required to initial next to statement.
on documents to be
delivered to the insured?
https://quizlet.com/1073910601/wa-surplus-lines-broker-exam-questions-answers-100-verified-solutions-questions-with-correct-answers-2025-latest-… 2/33
,9/9/25, 9:12 PM WA Surplus Lines Broker EXAM Questions & Answers | 100% Verified solutions |Questions with Correct Answers 2025 latest update!…
"This contract is registered and delivered as a surplus
WA Surplus Lines Stamp line coverage under the insurance code of the state
should read: of Washington, Title 48 RCW. It is not protected by
any Washington state guaranty association law."
How long must a surplus 5 years
line broker keep financial
records of a foreign
unauthorized insurer?
RE: 48.18.180 'Stated
Premium' which statements
are TRUE:
A. Premium shall be
inclusive of all fees,
charges, premium.
B. Each violation of this
statute is a gross
misdemeanor
C. If premium on policy
differs from binder by less
than $10, insurer not
required to notify insured.
D. All of the above
Max amount of time Not to exceed 12 months
license can be suspended
due to conviction of
felony?
When would WA State If nonresident person holds an equivalent surplus
Insurance Commissioner lines license in another state.
waive the examination?
https://quizlet.com/1073910601/wa-surplus-lines-broker-exam-questions-answers-100-verified-solutions-questions-with-correct-answers-2025-latest-… 3/33
, 9/9/25, 9:12 PM WA Surplus Lines Broker EXAM Questions & Answers | 100% Verified solutions |Questions with Correct Answers 2025 latest update!…
Which of the following
statements are true
regarding WAC 284-15
'Solvent Insurer'?
A. Brokers responsibility to
substantiate financial
condition of foreign
unauthorized insurer
B. Evidence of financial
condition must be retained
for 5 years
C. Any unauthorized
insurer listed on quarterly
listing of alien insurers
(NAIC) is deemed
adequately documented
D. All of the above
As specified in RCW C - Commissioner
48.15.150, each policy
issued to an unauthorized
insurer as a surplus line
contract must designate
_______ as the person upon
whom service of process
may be made.
A. CFO
B. SLB
C. Commissioner
D. Attorney
https://quizlet.com/1073910601/wa-surplus-lines-broker-exam-questions-answers-100-verified-solutions-questions-with-correct-answers-2025-latest-… 4/33
WA Surplus Lines Broker EXAM Questions &
Answers | 100% Verified solutions |Questions with
Correct Answers 2025 latest update!!
Save
Terms in this set (179)
When are you required to March 1st
file premium tax return for
the previous calendar year
by?
What does statutory Rules state that certain assets are non-admitted (don't
accounting mean? count) as you can't pay claims with them.
Bonds rated ___________ and 1&2
higher are considered
investment grade.
What does IBNR stand Incurred but not reported
for?
True or false, individuals TRUE
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?
https://quizlet.com/1073910601/wa-surplus-lines-broker-exam-questions-answers-100-verified-solutions-questions-with-correct-answers-2025-latest-… 1/33
,9/9/25, 9:12 PM WA Surplus Lines Broker EXAM Questions & Answers | 100% Verified solutions |Questions with Correct Answers 2025 latest update!…
Which office assigns the SVO (Securities Valuation Office)
bonds rating?
What is Combined Ratio? Loss Incurred + Loss Expense / Earned Premium
What are General General questions about the Company.
Interrogatories?
Financials: what is Incurred & open losses
Schedule P include?
What does NAIC stand National Association of Insurance Commissioners
for?
What countries are US and Canada
included on AM Best
report?
Where can you find a list International Insurers Department Plan of Operation.
of alien companies and
Lloyd syndicates with
city/country of domicile?
Insurance Regulatory Information System (
What does IRIS stand for?
Exceptional value is BAD or unusual)
When was the WA State B, January 1, 2012
regulatory stamp
changed?
A. January 30, 1975
B. January 1, 2012
C. March 31, 2000
D. March 1, 2011
Where/when should the Every contract, including binder, on the face of the
registry stamp be placed policy. SLB required to initial next to statement.
on documents to be
delivered to the insured?
https://quizlet.com/1073910601/wa-surplus-lines-broker-exam-questions-answers-100-verified-solutions-questions-with-correct-answers-2025-latest-… 2/33
,9/9/25, 9:12 PM WA Surplus Lines Broker EXAM Questions & Answers | 100% Verified solutions |Questions with Correct Answers 2025 latest update!…
"This contract is registered and delivered as a surplus
WA Surplus Lines Stamp line coverage under the insurance code of the state
should read: of Washington, Title 48 RCW. It is not protected by
any Washington state guaranty association law."
How long must a surplus 5 years
line broker keep financial
records of a foreign
unauthorized insurer?
RE: 48.18.180 'Stated
Premium' which statements
are TRUE:
A. Premium shall be
inclusive of all fees,
charges, premium.
B. Each violation of this
statute is a gross
misdemeanor
C. If premium on policy
differs from binder by less
than $10, insurer not
required to notify insured.
D. All of the above
Max amount of time Not to exceed 12 months
license can be suspended
due to conviction of
felony?
When would WA State If nonresident person holds an equivalent surplus
Insurance Commissioner lines license in another state.
waive the examination?
https://quizlet.com/1073910601/wa-surplus-lines-broker-exam-questions-answers-100-verified-solutions-questions-with-correct-answers-2025-latest-… 3/33
, 9/9/25, 9:12 PM WA Surplus Lines Broker EXAM Questions & Answers | 100% Verified solutions |Questions with Correct Answers 2025 latest update!…
Which of the following
statements are true
regarding WAC 284-15
'Solvent Insurer'?
A. Brokers responsibility to
substantiate financial
condition of foreign
unauthorized insurer
B. Evidence of financial
condition must be retained
for 5 years
C. Any unauthorized
insurer listed on quarterly
listing of alien insurers
(NAIC) is deemed
adequately documented
D. All of the above
As specified in RCW C - Commissioner
48.15.150, each policy
issued to an unauthorized
insurer as a surplus line
contract must designate
_______ as the person upon
whom service of process
may be made.
A. CFO
B. SLB
C. Commissioner
D. Attorney
https://quizlet.com/1073910601/wa-surplus-lines-broker-exam-questions-answers-100-verified-solutions-questions-with-correct-answers-2025-latest-… 4/33
