Wisconsin Insurance Regulations Exam
Questions and Answers
The Commissioner of Insurance has the power to do all of the following EXCEPT -
Answer-pass insurance laws
The Commissioner has the duty to examine all of the following EXCEPT - Answer-
temporary work agencies that supply clerical
Before the Commissioner revokes the license of an intermediary, the Commissioner
must first - Answer-hold an investigation
An insurance intermediary's license becomes invalid in all of the following
circumstances EXCEPT - Answer-when the licensee fails to meet a sales quota
What is the maximum penalty the Commissioner may impose on an individual for failing
to obey an order issued from an enforcement proceeding - Answer-Up to $1,000 fine a
day
All of the following must be licensed to do business in the state of Wisconsin EXCEPT -
Answer-secretarial or clerical workers in an intermediary's office
The Commissioner must conduct a hearing when a licensee - Answer-forges signatures
on license applications
If a licensee fails to comply with an order of the Commissioner, the Commissioner may
do all of the following EXCEPT - Answer-jail the licensee
Before an applicant takes the licensing examination, the applicant must complete -
Answer-pre-licensing education
Change of a licensee's name and address must be reported to the Commissioner within
how many days of the change - Answer-30
Any person who earns a commission for soliciting or negotiating insurance is - Answer-
an intermediary
For how many years must an agent keep records of financial transactions - Answer-3
Legally, an insurance agent who solicits insurance represents the - Answer-insurer
In Wisconsin, the Commissioner of Insurance is - Answer-appointed by the governor
Questions and Answers
The Commissioner of Insurance has the power to do all of the following EXCEPT -
Answer-pass insurance laws
The Commissioner has the duty to examine all of the following EXCEPT - Answer-
temporary work agencies that supply clerical
Before the Commissioner revokes the license of an intermediary, the Commissioner
must first - Answer-hold an investigation
An insurance intermediary's license becomes invalid in all of the following
circumstances EXCEPT - Answer-when the licensee fails to meet a sales quota
What is the maximum penalty the Commissioner may impose on an individual for failing
to obey an order issued from an enforcement proceeding - Answer-Up to $1,000 fine a
day
All of the following must be licensed to do business in the state of Wisconsin EXCEPT -
Answer-secretarial or clerical workers in an intermediary's office
The Commissioner must conduct a hearing when a licensee - Answer-forges signatures
on license applications
If a licensee fails to comply with an order of the Commissioner, the Commissioner may
do all of the following EXCEPT - Answer-jail the licensee
Before an applicant takes the licensing examination, the applicant must complete -
Answer-pre-licensing education
Change of a licensee's name and address must be reported to the Commissioner within
how many days of the change - Answer-30
Any person who earns a commission for soliciting or negotiating insurance is - Answer-
an intermediary
For how many years must an agent keep records of financial transactions - Answer-3
Legally, an insurance agent who solicits insurance represents the - Answer-insurer
In Wisconsin, the Commissioner of Insurance is - Answer-appointed by the governor
