1|Page
WA SURPLUS LINES BROKER EXAM LATEST 2025 ACTUAL EXAM
WITH COMPLETE QUESTIONS AND CORRECT DETAILED ANSWERS
(100% VERIFIED ANSWERS) |ALREADY GRADED A+| ||PROFESSOR
VERIFIED|| ||BRANDNEW!!!||
Where is Certificate and supporting docs sent too? - ANSWER-
WA SL Association- they send to Commissioner- issue as
'registered'
RE: 284.15 WAC - who has the authority to waive the financial
requirement ($15m) for an unauthorized insurer? - ANSWER-
Commissioner
What are reasons the Commissioner would waive the financial
requirement for an unauthorized insurer? - ANSWER-If insured
can't otherwise procure coverage
Letter to Commissioner must include reasons they are seeking
waiver, last year financial info, # of years co. has been writing this
particular coverage, signed acknowledgment from buyer.
If an insurers Capitol is less than ____, the Commissioner cannot
waive the financial requirement. - ANSWER-$4,500,000
,2|Page
True/False- exempt commercial purchasers don't have to
complete a Due Diligence statement - ANSWER-TRUE - but they
still have to file statement
It is a ________ if stated premium on policy is incorrect -
ANSWER-Gross Misdemeanor
Premium should be inclusive of assessment, membership,
policy, survey, inspection, and service fees.
Amount of fine if your records are not available to the
Commissioner - ANSWER-$500
Per 48.14.060 - last day you can pay annual taxes before
incurring penalty - ANSWER-March 31
RE: 48.14.060 'in addition to penalty, interest will be applied on
amount of unpaid tax - maximum legal rate of interest permitted
commencing ____ days after tax is due. - ANSWER-61
,3|Page
Percentage of penalty if taxes not paid after 3/31:
A) 10%
B) 5%
C) 15%
D) 25% - ANSWER-B- 5% penalty if taxes are paid after 3/31 (and
less than 45 days)
Percentage of penalty if taxes are not remitted within 45 days of
3/31:
A) 10%
B) 5%
C) 15%
D) 25% - ANSWER-A- 10% penalty if not paid within 45 days of
3/31
Percentage of penalty if taxes are not paid within 60 days of due
date:
A) 10%
B) 5%
, 4|Page
C) 15%
D) 20% - ANSWER-D- 20%
RE: 48.15 'Exemptions from Surplus Lines requirements', which
of the following statements are true:
A) Does not apply to Reinsurance
B) Does not apply to Ocean Marine & Foreign Trade Investments
C) Does not apply to insurance on subjects located, resident, or to
be performed wholly outside of the state
D) Does not apply to vehicles or aircraft owned and principally
garages outside of State
E) all of the above - ANSWER-All of the above - in addition to
railroads engaged in Intrastate commerce,
Aircraft owned/operated by manufacturers of aircraft
Or against liability (other than work comp & employers
liability) arising out of ownership, maintenance or use of
such aircraft
For any cause of action, arising in this state, unauthorized insurer
must be sued in the:
WA SURPLUS LINES BROKER EXAM LATEST 2025 ACTUAL EXAM
WITH COMPLETE QUESTIONS AND CORRECT DETAILED ANSWERS
(100% VERIFIED ANSWERS) |ALREADY GRADED A+| ||PROFESSOR
VERIFIED|| ||BRANDNEW!!!||
Where is Certificate and supporting docs sent too? - ANSWER-
WA SL Association- they send to Commissioner- issue as
'registered'
RE: 284.15 WAC - who has the authority to waive the financial
requirement ($15m) for an unauthorized insurer? - ANSWER-
Commissioner
What are reasons the Commissioner would waive the financial
requirement for an unauthorized insurer? - ANSWER-If insured
can't otherwise procure coverage
Letter to Commissioner must include reasons they are seeking
waiver, last year financial info, # of years co. has been writing this
particular coverage, signed acknowledgment from buyer.
If an insurers Capitol is less than ____, the Commissioner cannot
waive the financial requirement. - ANSWER-$4,500,000
,2|Page
True/False- exempt commercial purchasers don't have to
complete a Due Diligence statement - ANSWER-TRUE - but they
still have to file statement
It is a ________ if stated premium on policy is incorrect -
ANSWER-Gross Misdemeanor
Premium should be inclusive of assessment, membership,
policy, survey, inspection, and service fees.
Amount of fine if your records are not available to the
Commissioner - ANSWER-$500
Per 48.14.060 - last day you can pay annual taxes before
incurring penalty - ANSWER-March 31
RE: 48.14.060 'in addition to penalty, interest will be applied on
amount of unpaid tax - maximum legal rate of interest permitted
commencing ____ days after tax is due. - ANSWER-61
,3|Page
Percentage of penalty if taxes not paid after 3/31:
A) 10%
B) 5%
C) 15%
D) 25% - ANSWER-B- 5% penalty if taxes are paid after 3/31 (and
less than 45 days)
Percentage of penalty if taxes are not remitted within 45 days of
3/31:
A) 10%
B) 5%
C) 15%
D) 25% - ANSWER-A- 10% penalty if not paid within 45 days of
3/31
Percentage of penalty if taxes are not paid within 60 days of due
date:
A) 10%
B) 5%
, 4|Page
C) 15%
D) 20% - ANSWER-D- 20%
RE: 48.15 'Exemptions from Surplus Lines requirements', which
of the following statements are true:
A) Does not apply to Reinsurance
B) Does not apply to Ocean Marine & Foreign Trade Investments
C) Does not apply to insurance on subjects located, resident, or to
be performed wholly outside of the state
D) Does not apply to vehicles or aircraft owned and principally
garages outside of State
E) all of the above - ANSWER-All of the above - in addition to
railroads engaged in Intrastate commerce,
Aircraft owned/operated by manufacturers of aircraft
Or against liability (other than work comp & employers
liability) arising out of ownership, maintenance or use of
such aircraft
For any cause of action, arising in this state, unauthorized insurer
must be sued in the:
