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  4. Insurance Regulation

Free Insurance Regulation Practice Questions

Washington Life exam — 33 practice questions.

Subtopics: Regulator structure, Commissioner selection, Resident CE hours, Ethics CE, License term, Nonresident CE, CE carryover, Recordkeeping, License required, Appointment, Termination notice, Unfair trade practice, Rebating, Twisting, Defamation, Free look life, Free look refund, Replacement notice, Guaranty association, Guaranty cap, Guaranty advertising, Fiduciary duty, License denial, Unfair claims, Reciprocity, Producer reporting, Commingling, Fair Credit Reporting Act, Fraud and false statements, Privacy and Do Not Call, USA PATRIOT Act AML, McCarran-Ferguson Act, Telephone Consumer Protection Act

Read the Insurance Regulation study guide

Sample questions & answers

1. Which official leads the agency that regulates insurance producers in Washington?

The elected Insurance Commissioner

Washington's insurance industry is overseen by the Office of the Insurance Commissioner, headed by an Insurance Commissioner elected statewide.

2. How does a person become head of Washington's Office of the Insurance Commissioner?

By statewide election of the voters

Unlike many states, Washington's Insurance Commissioner is chosen by the voters in a statewide election rather than appointed.

3. How many hours of continuing education must most resident Washington producers complete during each two-year license period?

24 hours

Resident producers in lines such as life, disability, property, casualty and personal lines must complete 24 CE hours each two-year period.

4. Of the continuing education hours a resident Washington producer must complete each period, how many must be ethics credits?

Three hours

Washington requires that three of the 24 CE credit hours be in ethics during every license continuation period.

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Practice: Insurance Regulation

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.