Times

Question 1

What is the amount of time a primary beneficiary to die for a Common disaster clause to take affect

Answer 1

14-30

Question 2

The employee usually has a period of ___ days after terminating from the group in order to exercise the conversion option. During this time, the employee is still covered under the original group policy.

Answer 2

30

Question 3

grace period

Answer 3

30-31 days

Question 4

free look

Answer 4

10

Question 5

However, the insurer must provide __ days’ written notice to the policy owner that the policy is going to lapse

Answer 5

30

Question 6

The accidental death rider pays some multiple of the face amount if death is the result of an accident as defined in the policy. Death must usually occur within ___ days of such an accident. (Indemnities)

Answer 6

90

Question 7

Annuity contracts provide for a waiver of surrender charges if the annuitant is confined to a Long-term Care facility for at least ___ days.

Answer 7

30

Question 8

Rollover and Transfer

Answer 8

60 days

Question 9

Notice of Hearing: Any person (licensee) receiving written notification of the Commissioner’s order has __ days to respond back to the Commissioner and to request a hearing.

Answer 9

90 days

Question 10

If a person whose license has been temporarily suspended demands a hearing, the Commissioner must hold the hearing within ___ days after receipt of the demand, or within ___ days of the effective date of a temporary license suspension issued after such demand, unless postponed by mutual consent

Answer 10

30 for both

Question 11

Every filing containing a certification by the chief executive officer (CEO) of the insurer, attesting that the filing complies with the Washington Administrative Code (WAC), may be used immediately after the filing. Any other filing must be made at least ___ days in advance of any such issuance, delivery, or use.

Answer 11

30

Question 12

The Commissioner may issue a temporary insurance agent license for the servicing of existing business, for a maximum of ____ days without requiring a written exam

Answer 12

180

Question 13

To appoint an agent the insurer must file a notice of appointment with the Commissioner within ___ days from the date the agency contract is executed or after the first insurance application is submitted (whichever is later).

Answer 13

15

Question 14

However, if the agent is deemed ineligible, the Commissioner will notify the insurer within ____ days

Answer 14

10

Question 15

At least ___ days before the renewal date, the Commissioner will send the insurer an appointment renewal notification via e-mail identifying all the licensees whose appointments are about to expire

Answer 15

60

Question 16

If a business entity terminates the affiliation of an insurance agent for cause, the Commissioner must receive notice of that termination by electronic submission within ___ days of the termination date

Answer 16

30

Question 17

the Commissioner will send the insurer an appointment renewal notification via e-mail identifying all the licensees whose appointments are about to expire. If an insurer is registered for online services, ____ days’ notice will be provided. The payment of renewal fees must occur by the renewal date.

Answer 17

60

Question 18

Renewal Fees: 50% of the license renewal fee, 100%, and 200%

Answer 18

First 30 days=50%
31-60 days=100%
61days-12months=200%

Question 19

The insurance education provider must issue a certificate of completion within __ days after the completion of the course.

Answer 19

10

Question 20

Insurance agents must report any administrative action taken against them in another jurisdiction or by another governmental agency in this state to the Commissioner within ____ days of the final disposition.

Answer 20

30

Question 21

Within ____ days of the pretrial hearing, the agents must report to the Commissioner any criminal prosecutions brought forth against them. Both reports must include a copy of the order, consent to the order, and any other appropriate legal documents.

Answer 21

30

Question 22

The license may be revoked or suspended by an order delivered to the licensee within ___ days prior to the effective date, or by an order of a hearing effective no less than ___ days after the date of the order.

Answer 22

15 days prior to the effective date

or no less than 10 days after date of order

Question 23

Furthermore, the Commissioner may temporarily suspend a license by an order sent through the mail, not less than ___ days prior to the effective date.

Answer 23

3

Question 24

The order levying the fine must specify that the fine must be fully paid at a time between ___-___ days from the date of the order. If the fine is not paid by the due date, the Commissioner will revoke the licenses of the licensee

Answer 24

15-30

Question 25

When an insurer receives notification of a claim, it must acknowledge the receipt of such notice within ___ working days (or 15 working days for claims under group contracts)

Answer 25

10

Question 26

Unfair Trade practice: Utilizing a ___-day notice to increase premiums by a change of rates or to change the terms of a policy to the adverse interest of the insured

Answer 26

20

Question 27

Unfair Trade Practice: Effectuating a midterm change in rates or terms with less than __ days’ advance written notice to the named insured;

Answer 27

45

Question 28

Unfair Practice: Procuring any policy of insurance that is cancelable by less than ___ days advance notice for nonpayment of premium and ___ days for any other reason.

Answer 28

10

20 for any other reason

Question 29

A first party claimant must provide written notice of the basis of the cause of action to the insurer and the Commissioner ___ days prior to filing an action.

Answer 29

20

Question 30

The Commissioner must deliver seize and desist order to such person directly or mail it to the person by registered mail with return receipt requested. If the person violates the order after expiration of ___ days after the cease and desist order has been received, a maximum fine of $250 for each violation will be assessed.

Answer 30

10

Question 31

Every licensed person in this state must reply within __ business days to an inquiry of the Commissioner regarding the business of insurance. Failure to do so constitutes a violation of the Revised Insurance Code of Washington.

Answer 31

15

Question 32

Investigative Consumer Reports: Unlike consumer reports, these reports cannot be made unless the consumer is advised in writing about the report within ___ days of the date the report was requested

Answer 32

3

Question 33

The consumers must be advised that they have a right to request additional information concerning the report, and the insurer or reporting agency has ___ days to provide the consumer with the additional information.

Answer 33

5

Question 34

Duty of Replacing Insurance Company: Send each existing insurance company a written communication advising of the proposed replacement within ___ business days of the date that the application is received in the replacing insurance company’s home or regional office

Answer 34

3

Question 35

If the policy for which application is made or its policy summary does not contain an unconditional refund provision of at least ___ days, the policy summary must be delivered prior to delivery of the policy

Answer 35

10

Question 36

Upon reinstatement or renewal of a policy, the insured or beneficiary may provide a written request for a copy of the application. In response, an insurer must provide a copy within ___ days of the initial request. If a copy of the application is not provided, the application may not be used as evidence for subsequent actions

Answer 36

15

Question 37

If an insurer does not refund the premium within ___ days of return of the policy, an additional 10% penalty is added to any premium refund due

Answer 37

30

Question 38

If the benefits have not been paid to the beneficiary within ___ days of the receipt of proof of death, the insurer will be required to pay interest at the stated rate plus 3%

Answer 38

90

Question 39

Insurers are obligated to pay the proceeds of any benefits under a group life insurance policy within ___ days after the insurer receives satisfactory proof of death

Answer 39

30

Question 40

Temporary license - valid for ____ days; issued to maintain the existing business

Answer 40

180