P&C WASHINGTON LAWS, RULES, AND
REGULATIONS TEST WITH QUESTIONS
AND 100% CORRECT ANSWERS LATEST
UPDATE.
30 days - ANS A nonresident producer who moves from one state to another state must file a
change of address within
4 years - ANS The Commissioner of Insurance serves a term of
Rebating - ANS Agent Smith offered a potential client season tickets to the opera if the client
purchased a life insurance policy. Which unfair trade practice has Agent Smith engaged in?
Obtain a duplicate license for each place of business - ANS A licensee who maintains more than
one place of business in Washington is required to
90 days - ANS A binder is not valid for more than how many days from its effective date?
30 days - ANS A producer who changes their residential address must notify the Commissioner
within how many days of the change?
5 years - ANS The Commissioner must examine each insurer at least every
Fair value - ANS Overinsurance of a property policy exists when one or more contracts covering
the property is in excess of what value?
Real and tangible personal property - ANS FAIR plan essential property insurance covers
Replacement cost less depreciation - ANS Fair value is generally defined as
10% - ANS How much commission may be paid to producers who sell FAIR plan policies?
Short rate - ANS If the insured cancels an automobile policy, the premium refunded is calculated
on what rate?
The purpose of the Washington Assigned Risk Plan is to - ANS make automobile insurance
available to those who are unable to obtain it in the normal marketplace
Owner of a vehicle registered in WA - ANS The financial responsibility law applies to what?
3 years - ANS Under personal injury protection (PIP), the medical expenses would be covered as
a result of an auto accident for how many years?
REGULATIONS TEST WITH QUESTIONS
AND 100% CORRECT ANSWERS LATEST
UPDATE.
30 days - ANS A nonresident producer who moves from one state to another state must file a
change of address within
4 years - ANS The Commissioner of Insurance serves a term of
Rebating - ANS Agent Smith offered a potential client season tickets to the opera if the client
purchased a life insurance policy. Which unfair trade practice has Agent Smith engaged in?
Obtain a duplicate license for each place of business - ANS A licensee who maintains more than
one place of business in Washington is required to
90 days - ANS A binder is not valid for more than how many days from its effective date?
30 days - ANS A producer who changes their residential address must notify the Commissioner
within how many days of the change?
5 years - ANS The Commissioner must examine each insurer at least every
Fair value - ANS Overinsurance of a property policy exists when one or more contracts covering
the property is in excess of what value?
Real and tangible personal property - ANS FAIR plan essential property insurance covers
Replacement cost less depreciation - ANS Fair value is generally defined as
10% - ANS How much commission may be paid to producers who sell FAIR plan policies?
Short rate - ANS If the insured cancels an automobile policy, the premium refunded is calculated
on what rate?
The purpose of the Washington Assigned Risk Plan is to - ANS make automobile insurance
available to those who are unable to obtain it in the normal marketplace
Owner of a vehicle registered in WA - ANS The financial responsibility law applies to what?
3 years - ANS Under personal injury protection (PIP), the medical expenses would be covered as
a result of an auto accident for how many years?
