Practice Final Exam: Common Wa Law Questions And Answers, 100% Accurate, Verified.| Latest Update 2024/25|

PRACTICE FINAL EXAM: COMMON WA LAW QUESTIONS AND ANSWERS, 100% ACCURATE, VERIFIED. A person violating the insurance code of Washington could be guilty of a gross misdemeanor and upon conviction could: - -Be imprisoned not more than 1 year, Be fined not more than $1000- Penalties for any person violating this code - guilty of a gross misdemeanor and upon conviction will be fined not less than $10 nor more than $1,000 and imprisoned not more than1 year. Which one of the following is a power or duty of the IC? - -Make regulations, Enforce the insurance laws, - Powers and duties: Enforce the insurance code of Washington. Make reasonable rules and regulations effective after filed for public inspection. What would NOT be one of the enforcement duties of the IC? - -Provide advice to consumers on the appropriate insurers to use, Take action against an insured for reckless spending, and Regulate the amount of business done between insurers and agencies Enforcement duties: IC may prosecute in any court of competent jurisdiction. IC shall certify facts of violations to the public prosecutor in the jurisdiction of the offense. IC may issue cease and desist orders or bring action in court. The attorney general and other prosecutors process requests of the IC. IC may take action against an insurer, charitable gift annuity provider, HMO, HCSC, viatical settlement provider. This action includes fines and revocation of authority to transact in WA. IC may suspend or revoke licenses of a producer or broker or levy a fine. IC requires all insurers to be registered, licensed or certified and meet financial and legal requirements before transacting in WA. IC collects premium taxes from insurers IC requires any person engaged in marketing or sale of insurance in WA to hold a license. IC assists those having complaints about insurers or licensees and offers assistance to consumers.