Washington Laws and Rules Pertinent to Insurance
Exam 2026 | All Questions and Correct Answers |
Graded A+ | Verified Answers
A producer has committed an insurance crime that violates the U.S. Code 1033
(interstate commerce). Who would be responsible for the prosecution of this
crime? ---------CORRECT ANSWER-----------------US Attorney General
A producer is meeting with a client to determine whether an annuity would be
suitable for purchase. Which of the following topics needs to be discussed with
the client? ---------CORRECT ANSWER-----------------Financial objectives
A producer who is licensed in Washington but resident in another state is called a
---------CORRECT ANSWER-----------------Nonresident producer
The grace period for an accident and health (disability) policy is ___ days for
weekly premium policies. ---------CORRECT ANSWER-----------------7
An insurer must submit all policy forms and applications to the Commissioner at
least ___ days before they can be used. ---------CORRECT ANSWER-----------------30
,The Washington Life and Health _____ Association is used to rehabilitate
insolvent users. ---------CORRECT ANSWER-----------------Guaranty
Barry offers Chris a mountain cabin for the weekend to secure his order for his
insurance business. This is an example of ---------CORRECT ANSWER-----------------
Rebating
A temporary license is valid for a maximum of ___ days ---------CORRECT ANSWER-
----------------180
XYZ Life Insurance company's home office is located in Ohio and is incorporated in
Ohio. In Washington, they are considered to be ---------CORRECT ANSWER-----------
------Foreign
In Washington, a Long-Term Care policy must be ______ renewable. ---------
CORRECT ANSWER-----------------Guaranteed
Coverage for newborns under an accident and health (disability) plan MUST
include coverage for ---------CORRECT ANSWER-----------------Birth abnormalities
, In Washington, an insurance producer cannot sell, solicit, or negotiate policies for
an insurer unless there is an agreement in place between the producer and
insurer. This agreement is called a(n) ---------CORRECT ANSWER-----------------
Appointment
A life policy loan in Washington cannot charge a fixed rate of interest higher than
---------CORRECT ANSWER-----------------8%
A producer's license may only be suspended or revoked if the producer ---------
CORRECT ANSWER-----------------Has been afforded a right to a hearing
Producers must complete ___ hours of continuing education biannually. ---------
CORRECT ANSWER-----------------24
Benefits for a Medicare Supplement policy ---------CORRECT ANSWER-----------------
Must not duplicate Medicare benefits
Carmen's individual life insurance policy has recently lapsed. She may reinstate
her policy anytime within ___ year(s) ---------CORRECT ANSWER-----------------3
Exam 2026 | All Questions and Correct Answers |
Graded A+ | Verified Answers
A producer has committed an insurance crime that violates the U.S. Code 1033
(interstate commerce). Who would be responsible for the prosecution of this
crime? ---------CORRECT ANSWER-----------------US Attorney General
A producer is meeting with a client to determine whether an annuity would be
suitable for purchase. Which of the following topics needs to be discussed with
the client? ---------CORRECT ANSWER-----------------Financial objectives
A producer who is licensed in Washington but resident in another state is called a
---------CORRECT ANSWER-----------------Nonresident producer
The grace period for an accident and health (disability) policy is ___ days for
weekly premium policies. ---------CORRECT ANSWER-----------------7
An insurer must submit all policy forms and applications to the Commissioner at
least ___ days before they can be used. ---------CORRECT ANSWER-----------------30
,The Washington Life and Health _____ Association is used to rehabilitate
insolvent users. ---------CORRECT ANSWER-----------------Guaranty
Barry offers Chris a mountain cabin for the weekend to secure his order for his
insurance business. This is an example of ---------CORRECT ANSWER-----------------
Rebating
A temporary license is valid for a maximum of ___ days ---------CORRECT ANSWER-
----------------180
XYZ Life Insurance company's home office is located in Ohio and is incorporated in
Ohio. In Washington, they are considered to be ---------CORRECT ANSWER-----------
------Foreign
In Washington, a Long-Term Care policy must be ______ renewable. ---------
CORRECT ANSWER-----------------Guaranteed
Coverage for newborns under an accident and health (disability) plan MUST
include coverage for ---------CORRECT ANSWER-----------------Birth abnormalities
, In Washington, an insurance producer cannot sell, solicit, or negotiate policies for
an insurer unless there is an agreement in place between the producer and
insurer. This agreement is called a(n) ---------CORRECT ANSWER-----------------
Appointment
A life policy loan in Washington cannot charge a fixed rate of interest higher than
---------CORRECT ANSWER-----------------8%
A producer's license may only be suspended or revoked if the producer ---------
CORRECT ANSWER-----------------Has been afforded a right to a hearing
Producers must complete ___ hours of continuing education biannually. ---------
CORRECT ANSWER-----------------24
Benefits for a Medicare Supplement policy ---------CORRECT ANSWER-----------------
Must not duplicate Medicare benefits
Carmen's individual life insurance policy has recently lapsed. She may reinstate
her policy anytime within ___ year(s) ---------CORRECT ANSWER-----------------3
