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WA SURPLUS LINES BROKER EXAM 2025
BRAND NEW ACTUAL EXAM WITH 100%
VERIFIED QUESTIONS AND CORRECT
SOLUTIONS| GUARANTEED VALUE PACK|
ACE YOUR GRADES.
Where/when should the registry stamp be placed on documents
to be delivered to the insured? - correct answer -Every contract,
including binder, on the face of the policy. SLB required to initial
next to statement.
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WA Surplus Lines Stamp should read: - correct answer -"This
contract is registered and delivered as a surplus line coverage
under the insurance code of the state of Washington, Title 48
RCW. It is not protected by any Washington state guaranty
association law."
How long must a surplus line broker keep financial records of a
foreign unauthorized insurer? - correct answer -5 years
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 - correct answer -
Max amount of time license can be suspended due to conviction
of felony? - correct answer -Not to exceed 12 months
When would WA State Insurance Commissioner waive the
examination? - correct answer -If nonresident person holds an
equivalent surplus lines license in another state.
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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 - correct answer -
As specified in RCW 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 - correct answer -C - Commissioner
Return premiums or claim payments will not be deemed to have
been paid to the insured or claimant until the payments are
actually received by the
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A) Insurance Producer
B) Insured/Claimant
C) SLB - correct answer -B) Insured/Claimant
How many days notice required for cancellation due to non-
payment of premium? - correct answer -10 days
How many days notice is required to cancel Surplus Line policy
(other than non-pay)? - correct answer -20 days
The certification form must be filed within ___ days of the effective
date:
A) 30
B) 90
C) 60
D) 20 - correct answer -C - 60 days
Two key tools within IRIS (Insurance Regulatory Information
System)
A) Ratios
WA SURPLUS LINES BROKER EXAM 2025
BRAND NEW ACTUAL EXAM WITH 100%
VERIFIED QUESTIONS AND CORRECT
SOLUTIONS| GUARANTEED VALUE PACK|
ACE YOUR GRADES.
Where/when should the registry stamp be placed on documents
to be delivered to the insured? - correct answer -Every contract,
including binder, on the face of the policy. SLB required to initial
next to statement.
, Page | 2
WA Surplus Lines Stamp should read: - correct answer -"This
contract is registered and delivered as a surplus line coverage
under the insurance code of the state of Washington, Title 48
RCW. It is not protected by any Washington state guaranty
association law."
How long must a surplus line broker keep financial records of a
foreign unauthorized insurer? - correct answer -5 years
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 - correct answer -
Max amount of time license can be suspended due to conviction
of felony? - correct answer -Not to exceed 12 months
When would WA State Insurance Commissioner waive the
examination? - correct answer -If nonresident person holds an
equivalent surplus lines license in another state.
, Page | 3
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 - correct answer -
As specified in RCW 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 - correct answer -C - Commissioner
Return premiums or claim payments will not be deemed to have
been paid to the insured or claimant until the payments are
actually received by the
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A) Insurance Producer
B) Insured/Claimant
C) SLB - correct answer -B) Insured/Claimant
How many days notice required for cancellation due to non-
payment of premium? - correct answer -10 days
How many days notice is required to cancel Surplus Line policy
(other than non-pay)? - correct answer -20 days
The certification form must be filed within ___ days of the effective
date:
A) 30
B) 90
C) 60
D) 20 - correct answer -C - 60 days
Two key tools within IRIS (Insurance Regulatory Information
System)
A) Ratios
