1|P age
WI STATE LAWS TEST EXAM WITH QUESTIONS
AND 100% CORRECT ANSWERS|| LATEST AND
COMPLETE VERSION 2025-2026 WITH EXPERT
VERIFIED SOLUTIONS|| ASSURED
An insurer incorporated in France, doing business in WI is considered:
A. authorized
B. domestic
C. foreign
D. alien
D. alien
If the commissioner feels you may have violated an insurance law, what's the first
step that will be taken?
A. send a notice and request hearing
B. revoke your license
C. suspend your license
D. charge you a penalty
A. send a notice and request hearing
All of the following are exempt from the do not call registry EXCEPT:
A. political organizations
B. charities
C. telephone surveyors
, Stuvia.com - The Marketplace to Buy and Sell your Study Material
2|P age
D. insurance companies
D. insurance companies
Every licensee must complete hours of continuing education every 2 years
A. 20
B. 23
C. 24
D. 40
C. 24
A contractual arrangement that transfers exposure from one insurer to another
insurer is a:
A. Reciprocal insurance
B. Coinsurance contract
C. Reinsurance contract
D. Captive contract
C. Reinsurance contract
The commissioner has the authority to do all of the following EXCEPT:
A. conduct investigations and examinations
B. create new insurance laws
C. issue orders and notices
D. approve insurance policy forms and rates
, Stuvia.com - The Marketplace to Buy and Sell your Study Material
3|P age
B. create new insurance laws
They also do not set rates.
Ordinary insurance policies in WI must have a minimum free look period of:
A. 10 days
B. 15 days
C. 30 days
D. 60 days
A. 10 days
How long do insurers need to maintain records of insurance transactions in WI?
A. 2 years
B. 3 years
C. 5 years
D. indefinitely
B. 3 years
An agent may share a commission or any valuable consideration with:
A. An unaffiliated agent who charges a fee to make recommendations
B. A person who is licensed and appointed by the same insurer
C. A policy owner who provides referrals
D. A person who is licensed and appointed in the same line of business
WI STATE LAWS TEST EXAM WITH QUESTIONS
AND 100% CORRECT ANSWERS|| LATEST AND
COMPLETE VERSION 2025-2026 WITH EXPERT
VERIFIED SOLUTIONS|| ASSURED
An insurer incorporated in France, doing business in WI is considered:
A. authorized
B. domestic
C. foreign
D. alien
D. alien
If the commissioner feels you may have violated an insurance law, what's the first
step that will be taken?
A. send a notice and request hearing
B. revoke your license
C. suspend your license
D. charge you a penalty
A. send a notice and request hearing
All of the following are exempt from the do not call registry EXCEPT:
A. political organizations
B. charities
C. telephone surveyors
, Stuvia.com - The Marketplace to Buy and Sell your Study Material
2|P age
D. insurance companies
D. insurance companies
Every licensee must complete hours of continuing education every 2 years
A. 20
B. 23
C. 24
D. 40
C. 24
A contractual arrangement that transfers exposure from one insurer to another
insurer is a:
A. Reciprocal insurance
B. Coinsurance contract
C. Reinsurance contract
D. Captive contract
C. Reinsurance contract
The commissioner has the authority to do all of the following EXCEPT:
A. conduct investigations and examinations
B. create new insurance laws
C. issue orders and notices
D. approve insurance policy forms and rates
, Stuvia.com - The Marketplace to Buy and Sell your Study Material
3|P age
B. create new insurance laws
They also do not set rates.
Ordinary insurance policies in WI must have a minimum free look period of:
A. 10 days
B. 15 days
C. 30 days
D. 60 days
A. 10 days
How long do insurers need to maintain records of insurance transactions in WI?
A. 2 years
B. 3 years
C. 5 years
D. indefinitely
B. 3 years
An agent may share a commission or any valuable consideration with:
A. An unaffiliated agent who charges a fee to make recommendations
B. A person who is licensed and appointed by the same insurer
C. A policy owner who provides referrals
D. A person who is licensed and appointed in the same line of business
