Times Flashcards
What is the amount of time a primary beneficiary to die for a Common disaster clause to take affect
14-30
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.
30
grace period
30-31 days
free look
10
However, the insurer must provide __ days’ written notice to the policy owner that the policy is going to lapse
30
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)
90
Annuity contracts provide for a waiver of surrender charges if the annuitant is confined to a Long-term Care facility for at least ___ days.
30
Rollover and Transfer
60 days
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.
90 days
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
30 for both
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.
30
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
180
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).
15
However, if the agent is deemed ineligible, the Commissioner will notify the insurer within ____ days
10
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
60
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
30
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.
60
Renewal Fees: 50% of the license renewal fee, 100%, and 200%
First 30 days=50%
31-60 days=100%
61days-12months=200%
The insurance education provider must issue a certificate of completion within __ days after the completion of the course.
10
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.
30
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.
30
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.
15 days prior to the effective date
or no less than 10 days after date of order
Furthermore, the Commissioner may temporarily suspend a license by an order sent through the mail, not less than ___ days prior to the effective date.
3
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
15-30