Wisconsin Property Insurance Questions with Correct Answers

Wisconsin Property Insurance Questions 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.