7/16/26, 9:05 AM Washington State Property & Casualty Insurance EXAM Already Verified Test | Questions & Answers, Well Elaborated | 100% Verifi…
Washington State Property & Casualty Insurance
EXAM Already Verified Test | Questions &
Answers, Well Elaborated | 100% Verified
solutions |2026 Latest!!
Save Add to calendar
Terms in this set (319)
Authorized Insurer An insurer that has qualified and received a
Certificate of Authority from the Department of
Insurance to transact insurance in the state.
Contact adhesion the accepter of the contract must "adhere" to the
written contract
inducement An action aimed at persuading
insolvent Bankrupt; unable to pay debts.
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,7/16/26, 9:05 AM Washington State Property & Casualty Insurance EXAM Already Verified Test | Questions & Answers, Well Elaborated | 100% Verifi…
Transacting Insurance Conducting insurance business, such as soliciting
or negotiating to buy or sell an insurance policy.
Unauthorized Insurer Is held personally liable. Each violation is separate
and can result in suspension, revocation of license,
and a min fine of $25,000. (Class B Felony)
When would a commissioner order a When a unauthorized insurer improperly placed a
replacement policy? policy. Would be replaced by a policy with a legal
insurer.
Surplus Lines Insurance that is not available or offered in the
regular marketplace from admitted insurers.
Insurance Commissioner (IOC) State elected term of 4 years.
insurance Commissioner duties -Protects the Public from unfair trade practices
- Examinations/investigations
- Hearings
- Cease and Desist orders
- Public information
- Appoints Dep. Chief Commissioner
-
How often must the Insurance As often as deemed necessary, but MUST be done
Commissioner examine companies? every 5 years
Receiving Written Notice from the person must respond within 90 days. if not
Commissioner made the request is considered waved.
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,7/16/26, 9:05 AM Washington State Property & Casualty Insurance EXAM Already Verified Test | Questions & Answers, Well Elaborated | 100% Verifi…
Notice of Hearing - must state grounds of hearing (can be written
demand by aggrieved person)
- Right to request administrative law judge
Licence Suspension Hearing Commissioner must hold a hearing within 90 days.
Insurance Producer A person required to be licensed under the laws of
this state to sell, solicit, or negotiate insurance.
- Must be 18+
- has not had a license denied, suspended, or
revoked
- completed Pre-licensing/ exams
- paid fee(s)
- Fingerprinted/ background check
FINRA (Financial Industry Regulatory solicits licences for variable life and variable
Authority) annuity
Temporary Insurance Producers Commissioner may issue temp. license for a max of
Licence 180 days. usually in event of producers recovery,
sale of a business, training and licencing of new
personal to operate a business.
Non-Resident Producer a producer who lives (domicile) and conducts
business from another state other than Washington.
Will receive a non resident producers license.
When is a insurance license exempt? When they work at a company or themself but do
not conduct the solicitation, sale, negotiation of
insurance.
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, 7/16/26, 9:05 AM Washington State Property & Casualty Insurance EXAM Already Verified Test | Questions & Answers, Well Elaborated | 100% Verifi…
Appointing a insurance producer - notice of appointment within 15 days
- Commissioner will verify within 15 days
- if deemed ineligible commissioner will notify
within 10 days
If approved it must e renewed every 2 years, and
will receive notice within 60 days of the renewal
date.
Business Entity Affiliates A business must have AT LEAST 1 affiliated
individual licence to transact insurance
If business Entity Affiliate is The commissioner must receive notice within 30
terminated days of termination.
Renewal The initial licenses are valid from the date that they
are issued until the last day of the licensee's birth
month.
https://quizlet.com/1194980597/washington-state-property-casualty-insurance-exam-already-verified-test-questions-answers-well-elaborated-100-veri… 4/48
Washington State Property & Casualty Insurance
EXAM Already Verified Test | Questions &
Answers, Well Elaborated | 100% Verified
solutions |2026 Latest!!
Save Add to calendar
Terms in this set (319)
Authorized Insurer An insurer that has qualified and received a
Certificate of Authority from the Department of
Insurance to transact insurance in the state.
Contact adhesion the accepter of the contract must "adhere" to the
written contract
inducement An action aimed at persuading
insolvent Bankrupt; unable to pay debts.
https://quizlet.com/1194980597/washington-state-property-casualty-insurance-exam-already-verified-test-questions-answers-well-elaborated-100-veri… 1/48
,7/16/26, 9:05 AM Washington State Property & Casualty Insurance EXAM Already Verified Test | Questions & Answers, Well Elaborated | 100% Verifi…
Transacting Insurance Conducting insurance business, such as soliciting
or negotiating to buy or sell an insurance policy.
Unauthorized Insurer Is held personally liable. Each violation is separate
and can result in suspension, revocation of license,
and a min fine of $25,000. (Class B Felony)
When would a commissioner order a When a unauthorized insurer improperly placed a
replacement policy? policy. Would be replaced by a policy with a legal
insurer.
Surplus Lines Insurance that is not available or offered in the
regular marketplace from admitted insurers.
Insurance Commissioner (IOC) State elected term of 4 years.
insurance Commissioner duties -Protects the Public from unfair trade practices
- Examinations/investigations
- Hearings
- Cease and Desist orders
- Public information
- Appoints Dep. Chief Commissioner
-
How often must the Insurance As often as deemed necessary, but MUST be done
Commissioner examine companies? every 5 years
Receiving Written Notice from the person must respond within 90 days. if not
Commissioner made the request is considered waved.
https://quizlet.com/1194980597/washington-state-property-casualty-insurance-exam-already-verified-test-questions-answers-well-elaborated-100-veri… 2/48
,7/16/26, 9:05 AM Washington State Property & Casualty Insurance EXAM Already Verified Test | Questions & Answers, Well Elaborated | 100% Verifi…
Notice of Hearing - must state grounds of hearing (can be written
demand by aggrieved person)
- Right to request administrative law judge
Licence Suspension Hearing Commissioner must hold a hearing within 90 days.
Insurance Producer A person required to be licensed under the laws of
this state to sell, solicit, or negotiate insurance.
- Must be 18+
- has not had a license denied, suspended, or
revoked
- completed Pre-licensing/ exams
- paid fee(s)
- Fingerprinted/ background check
FINRA (Financial Industry Regulatory solicits licences for variable life and variable
Authority) annuity
Temporary Insurance Producers Commissioner may issue temp. license for a max of
Licence 180 days. usually in event of producers recovery,
sale of a business, training and licencing of new
personal to operate a business.
Non-Resident Producer a producer who lives (domicile) and conducts
business from another state other than Washington.
Will receive a non resident producers license.
When is a insurance license exempt? When they work at a company or themself but do
not conduct the solicitation, sale, negotiation of
insurance.
https://quizlet.com/1194980597/washington-state-property-casualty-insurance-exam-already-verified-test-questions-answers-well-elaborated-100-veri… 3/48
, 7/16/26, 9:05 AM Washington State Property & Casualty Insurance EXAM Already Verified Test | Questions & Answers, Well Elaborated | 100% Verifi…
Appointing a insurance producer - notice of appointment within 15 days
- Commissioner will verify within 15 days
- if deemed ineligible commissioner will notify
within 10 days
If approved it must e renewed every 2 years, and
will receive notice within 60 days of the renewal
date.
Business Entity Affiliates A business must have AT LEAST 1 affiliated
individual licence to transact insurance
If business Entity Affiliate is The commissioner must receive notice within 30
terminated days of termination.
Renewal The initial licenses are valid from the date that they
are issued until the last day of the licensee's birth
month.
https://quizlet.com/1194980597/washington-state-property-casualty-insurance-exam-already-verified-test-questions-answers-well-elaborated-100-veri… 4/48
