100% de satisfacción garantizada Inmediatamente disponible después del pago Tanto en línea como en PDF No estas atado a nada 4,6 TrustPilot
logo-home
Examen

WASHINGTON STATE PROPERTY AND CASUALTY INSURANCE EXAM 2024 WITH REAL EXAM QUESTIONS AND CORRECT ANSWERS GRADED A/ REAL WA STATE PROPERTY AND CASUALTY INSURANCE EXAM 2024/2025 (BRAND NEW!!)

Puntuación
-
Vendido
1
Páginas
50
Grado
A+
Subido en
26-07-2024
Escrito en
2023/2024

WASHINGTON STATE PROPERTY AND CASUALTY INSURANCE EXAM 2024 WITH REAL EXAM QUESTIONS AND CORRECT ANSWERS GRADED A/ REAL WA STATE PROPERTY AND CASUALTY INSURANCE EXAM 2024/2025 (BRAND NEW!!)

Institución
WASHINGTON STATE PROPERTY AND CASUALTY INSURANCE
Grado
WASHINGTON STATE PROPERTY AND CASUALTY INSURANCE











Ups! No podemos cargar tu documento ahora. Inténtalo de nuevo o contacta con soporte.

Escuela, estudio y materia

Institución
WASHINGTON STATE PROPERTY AND CASUALTY INSURANCE
Grado
WASHINGTON STATE PROPERTY AND CASUALTY INSURANCE

Información del documento

Subido en
26 de julio de 2024
Número de páginas
50
Escrito en
2023/2024
Tipo
Examen
Contiene
Preguntas y respuestas

Temas

Vista previa del contenido

WASHINGTON STATE PROPERTY AND CASUALTY INSURANCE EXAM 202 4 WITH REAL EXAM QUESTIONS AND CORRECT ANSWERS GRADED A/ REAL WA STATE PROPERTY AND CASUALTY INSURANCE EXAM 2024 /2025 (BRAND NEW!!) Authorized Insurer - ANSWER : An insurer that has qualified and received a Certificate of Authority from the Department of Insurance to transact insurance in the state. Contact adhesion - ANSWER : the accepter of the contract must "adhere" to the written cont ract inducement - ANSWER : An action aimed at persuading insolvent - ANSWER : Bankrupt; unable to pay debts. Transacting Insurance - ANSWER : Conducting insurance business, such as soliciting or negotiating to buy or sell an insurance policy. Unauthorized Insurer - ANSWER : 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 replacement policy? - ANSWER : When a unau thorized insurer improperly placed a policy. Would be replaced by a policy with a legal insurer. Surplus Lines - ANSWER : Insurance that is not available or offered in the regular marketplace from admitted insurers. Insurance Commissioner (IOC) - ANSWER : State elected term of 4 years. insurance Commissioner duties - ANSWER : -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 Commissioner examine companies? - ANSWER : As often as deemed necessary, but MUST be done every 5 years Receiving Written Notice from Commissioner - ANSWER : the person must respond within 90 days. if not made the request is considered wave d. Notice of Hearing - ANSWER : - must state grounds of hearing (can be written demand by aggrieved person) - Right to request administrative law judge Licence Suspension Hearing - ANSWER : Commissioner must hold a hearing within 90 days. Insurance Producer - ANSWER : 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) - Fingerp rinted/ background check FINRA (Financial Industry Regulatory Authority) - ANSWER : solicits licences for variable life and variable annuity Temporary Insurance Producers Licence - ANSWER : Commissioner may issue temp. license for a max of 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 - ANSWER : 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? - ANSWER : When they work at a company or themself but do not conduct the solicitation, sale, negotiation of insurance. Appointing a insurance producer - ANSWER : - notice of appointment wi thin 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 - ANSWER : A business must have AT LEAST 1 affiliated individual licence to transact insurance If business Entity Affiliate is terminated - ANSWER : The commissioner must receive notice within 30 days of termination. Renewal - ANSWER : The initial licenses are val id from the date that they are issued until the last day of the licensee's birth month. Renewal Fees for Licences - ANSWER : (Every 2 years) Producer - $55 Limited insurance - $20 Surplus lines broker - $20 Ajuster - $50 Late Fees: 30 days: 50% of renewal 31-60 days: 100% 61-12 months 200% (12+ months must restart licensing process) Continuing Education (CE) - ANSWER : Every 2 years. 24 hours total, 3 hours in ethics. must hold on to certificate for 3 years
$25.49
Accede al documento completo:

100% de satisfacción garantizada
Inmediatamente disponible después del pago
Tanto en línea como en PDF
No estas atado a nada

Conoce al vendedor

Seller avatar
Los indicadores de reputación están sujetos a la cantidad de artículos vendidos por una tarifa y las reseñas que ha recibido por esos documentos. Hay tres niveles: Bronce, Plata y Oro. Cuanto mayor reputación, más podrás confiar en la calidad del trabajo del vendedor.
tutorlorghon University Of Massachusetts
Seguir Necesitas iniciar sesión para seguir a otros usuarios o asignaturas
Vendido
693
Miembro desde
1 año
Número de seguidores
16
Documentos
3575
Última venta
4 días hace
TutorLORGHON

On this page you will find Nursing exams , testbank exams and case study among other many exams. We sell the best exams. Buy and have no regrets.

4.7

234 reseñas

5
198
4
22
3
8
2
3
1
3

Recientemente visto por ti

Por qué los estudiantes eligen Stuvia

Creado por compañeros estudiantes, verificado por reseñas

Calidad en la que puedes confiar: escrito por estudiantes que aprobaron y evaluado por otros que han usado estos resúmenes.

¿No estás satisfecho? Elige otro documento

¡No te preocupes! Puedes elegir directamente otro documento que se ajuste mejor a lo que buscas.

Paga como quieras, empieza a estudiar al instante

Sin suscripción, sin compromisos. Paga como estés acostumbrado con tarjeta de crédito y descarga tu documento PDF inmediatamente.

Student with book image

“Comprado, descargado y aprobado. Así de fácil puede ser.”

Alisha Student

Preguntas frecuentes