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  3. Life, Accident & Health
  4. General Insurance Concepts

Free General Insurance Concepts Practice Questions

Washington Life, Accident & Health exam — 37 practice questions.

Subtopics: Domestic insurer, Foreign insurer, Alien insurer, Mutual insurer, Stock insurer, Law of agency, Reinsurance, Producer ethics, Exposure, Handling risk, Insurable risk, Hazards, Definitions, Insurer classifications, Adverse selection, Elements of a contract, Legal interpretations, Law of large numbers, Indemnity, Aleatory contract, Contract of adhesion, Utmost good faith, Unilateral contract, Conditional contract, Express authority, Apparent authority, Fiduciary duty, Reciprocal insurer, Estoppel, Insurable interest timing

Read the General Insurance Concepts study guide

Sample questions & answers

1. From Washington's viewpoint, an insurer formed under Washington law is a:

Domestic insurer

A domestic insurer is one organized under the laws of the state in question, here Washington.

2. An insurer organized in another U.S. state but operating in Washington is considered a:

Foreign insurer

A foreign insurer is one formed under the laws of another U.S. state relative to Washington.

3. An insurer organized outside the United States that operates in Washington is a:

Alien insurer

An alien insurer is organized under the laws of a country other than the United States.

4. A mutual insurer is distinguished by being:

Owned by its policyholders

A mutual insurer is owned by its policyholders, who may receive dividends, rather than by stockholders.

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Practice: General Insurance Concepts

Take a randomized, timed-style practice test. Answer choices are shuffled and your results are scored instantly with an explanation for every question.

Practice questions are study aids generated for exam preparation and are not actual exam questions. Content is provided for educational purposes and is not legal advice. Verify current statutes, rules, and exam specifications with the Insurance Department and the exam administrator before relying on it.