Washington State General Laws Study Questions
and Complete Answers| Verified 100% Correct|
Newest 2025
In Washington, which of the following persons is not considered an insurance producer?
- ✔✔Sven, who brokers surplus lines contracts
How often must insurance producers licensed in Washington fulfill continuing education
requirements to maintain their licenses? - ✔✔every 24 months
A temporary producer's license issued in Washington is valid for up to how many days? -
✔✔180
Acme Insurance and Apogee Insurance agree to offer different premium rates for
persons of equal risk within a particular class. They also agree to limit benefits paid to
insureds within this class if the insureds live in certain counties of Nevada. Acme and
Apogee are engaging in - ✔✔Unfair and prohibited business practices
When comparing her insurance company's policies to those of Zenith Insurance,
Melanie makes a misleading statement to convince an insurance prospect to terminate
a policy with Zenith and buy one from Melanie's company. What prohibited practice has
Melanie engaged in? - ✔✔Twisting
An insurance producer who engaged in deceptive business practices is subject to all of
the following disciplinary measures EXCEPT: - ✔✔imprisonment
, A producer who deals directly with the insured and receives compensation from the
insured is required to disclose all of the following information EXCEPT: - ✔✔the
producer's annual income from fees paid by clients.
Which of the following statements about the producer's role as a fiduciary is not
correct? - ✔✔a producer may apply limited premium funds to pay reasonable
business expenses.
Joanne's producer license lapsed six months ago when she failed to satisfy the
continuing education requirements. A policy she sold a year ago was renewed last
month. What compensation, if any, may Joanne receive from the renewal? -
✔✔100% of the renewal commission
Alex sold an insurance policy before his license lapsed and earned a commission on the
sale. Is he entitled to a commission if the policy is renewed? - ✔✔yes, because he
was licensed when the policy is sold.
Mary, an insurance producer, receives a premium payment from a client. Which of the
following statements is not correct? - ✔✔She must keep a separate account for every
appointing insurer.
Transacting Insurance - ✔✔The term insurance transaction includes any of the
following activities involving the business of insurance - solicitation or inducement,
negotiations, effectuation of a contract of insurance, advising an individual concerning
coverage or claims, collecting premiums, indirectly acting as an insurance producer.
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.
and Complete Answers| Verified 100% Correct|
Newest 2025
In Washington, which of the following persons is not considered an insurance producer?
- ✔✔Sven, who brokers surplus lines contracts
How often must insurance producers licensed in Washington fulfill continuing education
requirements to maintain their licenses? - ✔✔every 24 months
A temporary producer's license issued in Washington is valid for up to how many days? -
✔✔180
Acme Insurance and Apogee Insurance agree to offer different premium rates for
persons of equal risk within a particular class. They also agree to limit benefits paid to
insureds within this class if the insureds live in certain counties of Nevada. Acme and
Apogee are engaging in - ✔✔Unfair and prohibited business practices
When comparing her insurance company's policies to those of Zenith Insurance,
Melanie makes a misleading statement to convince an insurance prospect to terminate
a policy with Zenith and buy one from Melanie's company. What prohibited practice has
Melanie engaged in? - ✔✔Twisting
An insurance producer who engaged in deceptive business practices is subject to all of
the following disciplinary measures EXCEPT: - ✔✔imprisonment
, A producer who deals directly with the insured and receives compensation from the
insured is required to disclose all of the following information EXCEPT: - ✔✔the
producer's annual income from fees paid by clients.
Which of the following statements about the producer's role as a fiduciary is not
correct? - ✔✔a producer may apply limited premium funds to pay reasonable
business expenses.
Joanne's producer license lapsed six months ago when she failed to satisfy the
continuing education requirements. A policy she sold a year ago was renewed last
month. What compensation, if any, may Joanne receive from the renewal? -
✔✔100% of the renewal commission
Alex sold an insurance policy before his license lapsed and earned a commission on the
sale. Is he entitled to a commission if the policy is renewed? - ✔✔yes, because he
was licensed when the policy is sold.
Mary, an insurance producer, receives a premium payment from a client. Which of the
following statements is not correct? - ✔✔She must keep a separate account for every
appointing insurer.
Transacting Insurance - ✔✔The term insurance transaction includes any of the
following activities involving the business of insurance - solicitation or inducement,
negotiations, effectuation of a contract of insurance, advising an individual concerning
coverage or claims, collecting premiums, indirectly acting as an insurance producer.
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.
