DC life insurance EXAM NEWEST 2025-
2026 VERSION QUESTIONS WITH
GOLDEN TIPS SOLUTIONS AND
REVEWEIRS
Commissioner - CORRECT ANSWERS commissioner of the department of insurance, securities,
and banking
DISB - CORRECT ANSWERS Department of isurance securities and banking
District - CORRECT ANSWERS District of Columbia
FEGLI - CORRECT ANSWERS federal employee group life insurance
Mayor - CORRECT ANSWERS mayor of District of Columbia
Commissioner's Appointment - CORRECT ANSWERS appointed by the mayor to head the DISB.
May be removed for incompetence, malfeasance, or failure to perform required duties
Commissioner's Broad Powers and Duties - CORRECT ANSWERS examine records, hold
hearings, and conduct investigations
Commissioner's Powers with Certificates of Authority - CORRECT ANSWERS issues, refuses,
suspends or revokes. must examine the business condition of each insurer, rating organization and HMO
when applying and at least every 5 years.
, Notice of hearings - CORRECT ANSWERS commissioner may hold a hearing within 30 days of
receiving a written request stating the grounds on which relief to be sought. must give 10 days warning.
appeal of a hearing - CORRECT ANSWERS within 30 days to appropriate district circuit court
Foreign or alien company in the district - CORRECT ANSWERS must be organized as a stock,
mutual, or reciprocal company or a Lloyd's organziation to be admitted.
Domestic stock insurance company - CORRECT ANSWERS organized and incorporated under
district laws
Domestic or Fraternal becoming mutual - CORRECT ANSWERS change has to be approved by
commissioner and a majority of the directors, stockholders or members, and policyholders
domestic mutual company limitation - CORRECT ANSWERS may not transact any business until
at least 200 persons have subscribed in the aggregate for at least $200,000 of insurance and have paid in
full one annual premium in money on the subscribed insurance.
Certificate of authority - CORRECT ANSWERS the commissioner may not revoke or suspend
until the company has been given at least 30 days notice of the proposed revocation or suspension and
the grounds.
Admission of a Lloyd's organization - CORRECT ANSWERS subject to the same terms,
conditions, and provisions as foreign stock insurance companies. May not exceed, for any one risk, 10%
of funds deposited in trust. Must maintain minimum surpluses established by District law. Must provide
the Commissioner with copies of required documents, including annual financial statements
Licensing requirement - CORRECT ANSWERS a person may not sell solicit or negotiate without
obtaining.
2026 VERSION QUESTIONS WITH
GOLDEN TIPS SOLUTIONS AND
REVEWEIRS
Commissioner - CORRECT ANSWERS commissioner of the department of insurance, securities,
and banking
DISB - CORRECT ANSWERS Department of isurance securities and banking
District - CORRECT ANSWERS District of Columbia
FEGLI - CORRECT ANSWERS federal employee group life insurance
Mayor - CORRECT ANSWERS mayor of District of Columbia
Commissioner's Appointment - CORRECT ANSWERS appointed by the mayor to head the DISB.
May be removed for incompetence, malfeasance, or failure to perform required duties
Commissioner's Broad Powers and Duties - CORRECT ANSWERS examine records, hold
hearings, and conduct investigations
Commissioner's Powers with Certificates of Authority - CORRECT ANSWERS issues, refuses,
suspends or revokes. must examine the business condition of each insurer, rating organization and HMO
when applying and at least every 5 years.
, Notice of hearings - CORRECT ANSWERS commissioner may hold a hearing within 30 days of
receiving a written request stating the grounds on which relief to be sought. must give 10 days warning.
appeal of a hearing - CORRECT ANSWERS within 30 days to appropriate district circuit court
Foreign or alien company in the district - CORRECT ANSWERS must be organized as a stock,
mutual, or reciprocal company or a Lloyd's organziation to be admitted.
Domestic stock insurance company - CORRECT ANSWERS organized and incorporated under
district laws
Domestic or Fraternal becoming mutual - CORRECT ANSWERS change has to be approved by
commissioner and a majority of the directors, stockholders or members, and policyholders
domestic mutual company limitation - CORRECT ANSWERS may not transact any business until
at least 200 persons have subscribed in the aggregate for at least $200,000 of insurance and have paid in
full one annual premium in money on the subscribed insurance.
Certificate of authority - CORRECT ANSWERS the commissioner may not revoke or suspend
until the company has been given at least 30 days notice of the proposed revocation or suspension and
the grounds.
Admission of a Lloyd's organization - CORRECT ANSWERS subject to the same terms,
conditions, and provisions as foreign stock insurance companies. May not exceed, for any one risk, 10%
of funds deposited in trust. Must maintain minimum surpluses established by District law. Must provide
the Commissioner with copies of required documents, including annual financial statements
Licensing requirement - CORRECT ANSWERS a person may not sell solicit or negotiate without
obtaining.
