Wisconsin Property Insurance Exam Questions
With Correct Answers
How does the Commissioner of Insurance receives their position?
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A) Appointed by the Legislature.
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B) Appointed by the Attorney General.
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C) Appointed by the Governor.
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D) Elected every 4 years. - CORRECT ANSWER✔✔-C
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Insurance laws in Wisconsin are made by:
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A) The Commissioner of Insurance.
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B) National Association of Insurance Commissioners (NAIC).
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C) The Attorney General.
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D) The Legislature. - CORRECT ANSWER✔✔-D
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To clarify a person's rights and duties under Wisconsin insurance law, the
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Commissioner will issue a: | | |
A) Hearing.
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B) Declaratory order.
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C) Collateral examination.
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D) 20 day review notice. - CORRECT ANSWER✔✔-B
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,What is the minimum number of days the OCI has to hold a hearing by a denied
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applicant for a license? | | |
A) 10-30 days
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B) 20 days
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C) 5 days
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D) 10 days - CORRECT ANSWER✔✔-D
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The Commissioner requires the insurance test to:
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A) Determine if the applicant has committed a felony.
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B) Determine if the applicant has taken Continuing Education classes.
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C) Determine if the applicant if trustworthy and competent.
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D) Determine if the applicant is at least a minimum 21 years of age. - CORRECT
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ANSWER✔✔-C
The Commissioner has all of the following powers except:
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A) Implied power.
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B) Enforcement power.
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C) Incarceration power.
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D) Specified power. - CORRECT ANSWER✔✔-C
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If the Commissioner does not put a time length on a revocation the
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intermediaries license is revoked for: | | | |
A) 1 year
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B) 5 years
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, C) 5 months
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D) 15 months - CORRECT ANSWER✔✔-B
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If an applicant for an intermediary's license requests a hearing because of a
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denial of the license by the Commissioner the intermediary has how many days
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to request the hearing?
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A) 10 days
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B) 20 days
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C) 30 days
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D) 3 months - CORRECT ANSWER✔✔-C
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All the following are not considered an intermediary except:
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A) A high school teacher teaching insurance.
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B) An accountant giving incidental advice about insurance.
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C) A risk manager for a large manufacturer.
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D) A person going door-to-door soliciting accident policies. - CORRECT
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ANSWER✔✔-D
Surplus Lines insurance is: | | |
A) Unauthorized.
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B) Authorized.
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C) Neither authorized or unauthorized.
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D) Not allowed in Wisconsin. - CORRECT ANSWER✔✔-A
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With Correct Answers
How does the Commissioner of Insurance receives their position?
| | | | | | | |
A) Appointed by the Legislature.
| | | | |
B) Appointed by the Attorney General.
| | | | |
C) Appointed by the Governor.
| | | |
D) Elected every 4 years. - CORRECT ANSWER✔✔-C
| | | | | | |
Insurance laws in Wisconsin are made by:
| | | | | |
A) The Commissioner of Insurance.
| | | |
B) National Association of Insurance Commissioners (NAIC).
| | | | | |
C) The Attorney General.
| | |
D) The Legislature. - CORRECT ANSWER✔✔-D
| | | | |
To clarify a person's rights and duties under Wisconsin insurance law, the
| | | | | | | | | | | |
Commissioner will issue a: | | |
A) Hearing.
|
B) Declaratory order.
| |
C) Collateral examination.
| |
D) 20 day review notice. - CORRECT ANSWER✔✔-B
| | | | | | |
,What is the minimum number of days the OCI has to hold a hearing by a denied
| | | | | | | | | | | | | | | | |
applicant for a license? | | |
A) 10-30 days
| |
B) 20 days
| |
C) 5 days
| | |
D) 10 days - CORRECT ANSWER✔✔-D
| | | | |
The Commissioner requires the insurance test to:
| | | | | |
A) Determine if the applicant has committed a felony.
| | | | | | | |
B) Determine if the applicant has taken Continuing Education classes.
| | | | | | | | |
C) Determine if the applicant if trustworthy and competent.
| | | | | | | |
D) Determine if the applicant is at least a minimum 21 years of age. - CORRECT
| | | | | | | | | | | | | | | |
ANSWER✔✔-C
The Commissioner has all of the following powers except:
| | | | | | | |
A) Implied power.
| |
B) Enforcement power.
| |
C) Incarceration power.
| |
D) Specified power. - CORRECT ANSWER✔✔-C
| | | | |
If the Commissioner does not put a time length on a revocation the
| | | | | | | | | | | | |
intermediaries license is revoked for: | | | |
A) 1 year
| |
B) 5 years
| |
, C) 5 months
| |
D) 15 months - CORRECT ANSWER✔✔-B
| | | | |
If an applicant for an intermediary's license requests a hearing because of a
| | | | | | | | | | | | |
denial of the license by the Commissioner the intermediary has how many days
| | | | | | | | | | | | |
to request the hearing?
| | |
A) 10 days
| |
B) 20 days
| |
C) 30 days
| |
D) 3 months - CORRECT ANSWER✔✔-C
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All the following are not considered an intermediary except:
| | | | | | | |
A) A high school teacher teaching insurance.
| | | | | |
B) An accountant giving incidental advice about insurance.
| | | | | | |
C) A risk manager for a large manufacturer.
| | | | | | |
D) A person going door-to-door soliciting accident policies. - CORRECT
| | | | | | | | | |
ANSWER✔✔-D
Surplus Lines insurance is: | | |
A) Unauthorized.
|
B) Authorized.
|
C) Neither authorized or unauthorized.
| | | |
D) Not allowed in Wisconsin. - CORRECT ANSWER✔✔-A
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