WEBCE TEST QUESTIONS AND VERIFIED ANSWERS

WEBCE TEST QUESTIONS AND VERIFIED ANSWERS

whichAofAtheAfollowingAsituationsApresentsAaAsituationAofApureArisk?



-knowingAthatAhisAfamilyAisAdependingAonAhim,AFrankAwantsAtoAinsureAhisAlife

-wantingAtoAincreaseAhisAretirementAsavings,ASaulAinvestsAhisAlifeAsavingsAinAtheAstockAmarket

-RalphAtakesAaAsecondAmortgageAonAhisAhouseAandAusesAtheAproceedsAtoAgamble

-wantingAbetterAjobAsecurity,ARonAcashesAinAhisAlifeAinsuranceAtoAstartAhisAownAbusinessA-
ACORRECTAANSWER-


knowingAthatAhisAfamilyAisAdependingAonAhim,AFrankAwantsAtoAinsureAhisAownAlife



onlyApureAriskAisAinsurable.APureAriskAmayAonlyAresultAinAaAloss,AunlikeAspeculativeAriskAwhichAmayAr
esultAinAaAgain.

AgentAJillAreceivedAaAletterAfromAtheADepartmentAofAinsuranceAaskingAherAtoAsubmitAverificationAo
fAhavingAcompletedAtheAcontinuedAeducationArequirementsAforAtheApreviousAlicensingAperiod.AThr
eeAweeksAlater,AtheAdepartmentAsentAanotherAletter.AWhichApenaltyAmayAtheADepartmentAimpose
AifAJillAhasAstillAnotArespondedAtoAtheirArequestAaAmonthAlater?A-ACORRECTAANSWER-


aAfineAupAtoA$100AperAdayAperAviolation



AAproducerAhasA30AdaysAtoArespondAtoAaAwrittenAinquiryAfromAtheADepartment

Jim'sApolicyAexpiredAdueAtoAnonpaymentAofApremium.AHisAagentAsendsAhimAaAstatementAtheAfollo
wingAmonthAwithoutAnoticeAofAtheAlapse.AIfAJimApaysAtheApremiumAandAlaterAsuffersAaAlossAforAwhi
chAheAfilesAaAclaim,AwhatAwillApreventAtheAinsurerAfromAdenyingAtheAclaim?



-estoppelA

-utmostAgoodAfaith

-reasonableAexpectations

-waiverA-ACORRECTAANSWER-estoppel

,BBCAinsurersAfiledApremiumAratesAforAitsAnewAlineAofAvariableAproductsAonAJanuaryA15.AWithinAho
wAmanyAdaysAmustAtheAcommissionerAapproveAorAdisapproveAtheArates?A-ACORRECTAANSWER-
30Adays



allArateAfilingsAareAsubjectAtoAaA30-dayAwaitingAperiodAbeforeAtheyAbecomeAeffective.

TheAcommissionerAofAinsuranceAcanAexamineAtheAbusinessAaccounts,Atransactions,AandArecordsAof
AinsurersAandAproducersAasAoftenAasAnecessary,AbutAmustAdoAsoAatAleastAonceAinAhowAmanyAyears?A


-ACORRECTAANSWER-5Ayears

AcmeAInsuranceAandAApogeeAinsuranceAagreeAtoAofferAdifferentApremiumAratesAforApersonsAofAeq
ualAriskAwithinAaAparticularAclass.ATheyAalsoAagreeAtoAlimitAbenefitsApaidAtoAinsuredsAwithinAthisAcla
ssAifAtheAinsuredsAliveAwithinAcertainAcountiesAofAPA.AWhatAareAAcmeAandAApogeeAengagingAin?



-acceptableAmarketingAandAunderwritingApractices

-unfairAandAprohibitedAbusinessApractices

-insuranceAfraud

-falseAadvertisingA-ACORRECTAANSWER-
theyAareAengagingAinAunfairAandAprohibitedAbusinessApractices



theyAareAagreeingAtoAunreasonableArestraintAofAtradeAinAinsuranceAbusiness,AandAtheyAareAengagi
ngAinAunfairAdiscrimination

whichAofAtheAfollowingAisANOTAaAremedyAavailableAtoAtheAPAAcommissionerAofAinsuranceAforAcom
mittingAanAunfairAmethodAofAcompetition?



-imprisonment

-ceaseAandAdesistAorder

-suspensionAofAlicense

-revocationAofAlicenseA-ACORRECTAANSWER-
imprisonmentAisAnotAaApunishmentAforAcommittingAanAunfairAmethodAofAcompetition

, youAcannotAbeAarrestedAforAcommittingAanAunfairAmethodAofAcompetition

whichAofAtheAfollowingAisANOTAanAunfairAclaimsAsettlementApracticeAifAcommittedAbyAanAinsurance
AcompanyAinAPA?




-failingAtoApromptlyAacknowledgeAcommunicationsAaboutAclaimsA

-failingAtoApromptlyAsettleAaAclaimAforAwhichAliabilityAisAuncertain

-
appealingAfromAanAarbitrationAawardAinAfavorAofAanAinsuredAtoAcompelAtheAinsuredAtoAacceptAaAlo
werAsettlement

-
failingAtoAaffirmAorAdenyAcoverageAwithinAaAreasonableAtimeAafterAcompletingAaAclaimAinvestigatio
nA-ACORRECTAANSWER-
ailingAtoApromptlyAsettleAaAclaimAforAwhichAliabilityAisAuncertainAisANOTAanAunfairAclaimsAsettlemen
tApractice

JeffAisAaAlicensedAinsuranceAproducerAinAbothAPAAandANY.AheAisAchargedAwithAembezzlementAinANY,A
andAhisAfirstApretrialAhearingAisAsetAforAMarchA1.AHeAmustAnotifyAtheAPAAcommissionerAofAinsuranc
eAwithinAhowAmanyAdaysAofAthisAhearing?A-ACORRECTAANSWER-
JeffAhasA30AdaysAtoAnotifyAtheAPAAcommissionerAofAinsuranceAofAtheAdisciplinaryAactionAbeingAtake
nAagainstAhim

whichAofAtheAfollowingAisANOTAanAunfairAclaimsAsettlementApracticeAifAcommittedAbyAanAinsurance
AcompanyAinAPA?




-failingAtoApromptlyAacknowledgeAcommunicationsAaboutAclaims

-failingAtoApromptlyAsettleAaAclaimAforAwhichAliabilityAisAuncertain

-offeringAtoAsettleAclaimsAforAlessAthanAdueAtoAencourageAlitigation

-raisingApolicyAdefensesAtoAreduceAaAclaimA-ACORRECTAANSWER-
failingAtoApromptlyAsettleAaAclaimAforAwhichAliabilityAisAuncertainAisAnotAanAunfairAclaimsAsettlemen
tApractice

StacyAisAaAcaptiveAagentAforAbestAratesAinsuranceAcompany.AHerAagencyAcontractAgivesAherApermis
sionAtoAprintAandAuseAbusinessAcardsAwithAtheAcompany'sAlogoAandAsubmitAapplicationsAforAitsApoli
cy.AWhatAtypeAofAauthorityAdoesAstacyAhaveAtoAtakeAtheseAactions?A-ACORRECTAANSWER-