Washington State Property and Casualty Insurance
Real Exam 2025 Questions with Correct Verified
Answers Graded A+ (Brand New!!)
Authorized Insurer - correct 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 - correct answer -the accepter of the contract must
"adhere" to the written contract
inducement - correct answer -An action aimed at persuading
insolvent - correct answer -Bankrupt; unable to pay debts.
Transacting Insurance - correct answer -Conducting insurance business,
such as soliciting or negotiating to buy or sell an insurance policy.
Unauthorized Insurer - correct 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? - correct answer -
When a unauthorized insurer improperly placed a policy. Would be replaced
by a policy with a legal insurer.
Surplus Lines - correct answer -Insurance that is not available or offered in
the regular marketplace from admitted insurers.
Insurance Commissioner (IOC) - correct answer -State elected term of 4
years.
insurance Commissioner duties - correct 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? - correct
answer -As often as deemed necessary, but MUST be done every 5 years
Receiving Written Notice from Commissioner - correct answer -the person
must respond within 90 days. if not made the request is considered waved.
Notice of Hearing - correct answer -- must state grounds of hearing (can be
written demand by aggrieved person)
- Right to request administrative law judge
Licence Suspension Hearing - correct answer -Commissioner must hold a
hearing within 90 days.
Insurance Producer - correct 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)
- Fingerprinted/ background check
FINRA (Financial Industry Regulatory Authority) - correct answer -solicits
licences for variable life and variable annuity
Temporary Insurance Producers Licence - correct 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 - correct 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? - correct answer -When they work at a
company or themself but do not conduct the solicitation, sale, negotiation of
insurance.
Appointing a insurance producer - correct answer -- notice of appointment
within 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 - correct answer -A business must have AT LEAST 1
affiliated individual licence to transact insurance
If business Entity Affiliate is terminated - correct answer -The commissioner
must receive notice within 30 days of termination.
Renewal - correct answer -The initial licenses are valid from the date that
they are issued until the last day of the licensee's birth month.
Renewal Fees for Licences - correct 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) - correct answer -Every 2 years. 24 hours total, 3
hours in ethics.
must hold on to certificate for 3 years
, Change of Address - correct answer -Must contact commissioner within 30
days. this includes a change of residence, mailing, business, or email
Reporting of Actions - correct answer -You must report to the commissioner
within 30 days of any administrative action taken on them by another
jurisdiction or governmental agency
Convicted of a felony - correct answer -Commissioner may revoke or refuse
insurers licenses immediately. Within 15 days may revoke a ordered licence
or by ordering a hearing within 10 days.
Suspended license period - correct answer -up to 12 months
Guilty of violations - correct answer -each fine of up to $1,000, must be paid
within 15-30 days
Place of Business Requirements - correct answer -Must be accessible to the
public. Does not apply to life and disability insurance.
Record Retention - correct answer -Requires insurer to maintain records for
5 years.
(DRPL) Designated Responsible Licensed Person - correct answer -
Responsible for insurers compliance with insurance laws/ rules
Misrepresentation - correct answer -Materials that are false, misleading, or
deceptive of policy benefits, terms, payment of dividends. Also includes oral
statements.
Knowingly committing this is considered a gross misdemeanor, and licences
can be revoked
False Advertising - correct answer -Advertising that is misleading, deceptive,
and untrue.
Ex: newspaper add with untrue statements about terms and benefits of a
policy.
Real Exam 2025 Questions with Correct Verified
Answers Graded A+ (Brand New!!)
Authorized Insurer - correct 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 - correct answer -the accepter of the contract must
"adhere" to the written contract
inducement - correct answer -An action aimed at persuading
insolvent - correct answer -Bankrupt; unable to pay debts.
Transacting Insurance - correct answer -Conducting insurance business,
such as soliciting or negotiating to buy or sell an insurance policy.
Unauthorized Insurer - correct 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? - correct answer -
When a unauthorized insurer improperly placed a policy. Would be replaced
by a policy with a legal insurer.
Surplus Lines - correct answer -Insurance that is not available or offered in
the regular marketplace from admitted insurers.
Insurance Commissioner (IOC) - correct answer -State elected term of 4
years.
insurance Commissioner duties - correct 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? - correct
answer -As often as deemed necessary, but MUST be done every 5 years
Receiving Written Notice from Commissioner - correct answer -the person
must respond within 90 days. if not made the request is considered waved.
Notice of Hearing - correct answer -- must state grounds of hearing (can be
written demand by aggrieved person)
- Right to request administrative law judge
Licence Suspension Hearing - correct answer -Commissioner must hold a
hearing within 90 days.
Insurance Producer - correct 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)
- Fingerprinted/ background check
FINRA (Financial Industry Regulatory Authority) - correct answer -solicits
licences for variable life and variable annuity
Temporary Insurance Producers Licence - correct 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 - correct 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? - correct answer -When they work at a
company or themself but do not conduct the solicitation, sale, negotiation of
insurance.
Appointing a insurance producer - correct answer -- notice of appointment
within 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 - correct answer -A business must have AT LEAST 1
affiliated individual licence to transact insurance
If business Entity Affiliate is terminated - correct answer -The commissioner
must receive notice within 30 days of termination.
Renewal - correct answer -The initial licenses are valid from the date that
they are issued until the last day of the licensee's birth month.
Renewal Fees for Licences - correct 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) - correct answer -Every 2 years. 24 hours total, 3
hours in ethics.
must hold on to certificate for 3 years
, Change of Address - correct answer -Must contact commissioner within 30
days. this includes a change of residence, mailing, business, or email
Reporting of Actions - correct answer -You must report to the commissioner
within 30 days of any administrative action taken on them by another
jurisdiction or governmental agency
Convicted of a felony - correct answer -Commissioner may revoke or refuse
insurers licenses immediately. Within 15 days may revoke a ordered licence
or by ordering a hearing within 10 days.
Suspended license period - correct answer -up to 12 months
Guilty of violations - correct answer -each fine of up to $1,000, must be paid
within 15-30 days
Place of Business Requirements - correct answer -Must be accessible to the
public. Does not apply to life and disability insurance.
Record Retention - correct answer -Requires insurer to maintain records for
5 years.
(DRPL) Designated Responsible Licensed Person - correct answer -
Responsible for insurers compliance with insurance laws/ rules
Misrepresentation - correct answer -Materials that are false, misleading, or
deceptive of policy benefits, terms, payment of dividends. Also includes oral
statements.
Knowingly committing this is considered a gross misdemeanor, and licences
can be revoked
False Advertising - correct answer -Advertising that is misleading, deceptive,
and untrue.
Ex: newspaper add with untrue statements about terms and benefits of a
policy.
