Regulations

Which of the following provisions is NOT mandatory for health insurance policies in Washington?

Unpaid premiums

Every insurance agent, broker, adjuster, or other person licensed under the Washington Code must promptly reply to an inquiry of the Commissioner regarding the business of insurance within?

15 days

What is the maximum penalty for habitual willful noncompliance with the Fair Credit Reporting Act?

2,500$

Within how many days of requesting an investigative consumer report must an insurer notify the consumer in writing that the report will be obtained?

3 days

A health carrier that provides coverage for maternity services must provide the same coverage for newborns as for the mother for at least

3 weeks

What is the maximum benefit that the Washington Life and Disability Insurance Guaranty Association will pay for any one individual?

5000,000

How many hours of training must the producer initially complete to sell long-term care insurance?

8 hours

How long does any person receiving written notification of the Commissioner's order have to respond and request a hearing?

90 days

Individual disability insurance policies cannot be delivered or issued for delivery in this state unless

An outline of coverage is furnished to the applicant

Application forms for Medicare supplement policies are required to include questions designed to elicit information as to whether as of the date of the application, the applicant has

Another Medicare supplement insurance or other disability policy in force and whether the proposed policy is intended to replace any existing policy.

Upon written request, the records of the Insurance Commissioner may be inspected by which of the following?

Any member of the public.

The document that indicates that an insurer has been approved and is authorized to transact insurance in a particular state is known as?

Certificate of Authority

In Washington, the state's continuing education requirement consists of?

Completing 24 hours of course work every 2 years.

The general powers and duties of the Insurance Department include

Enacting statutes to regulate the insurance industry.

The provision in a health insurance policy that ensures that the insurer cannot refer to any document that is not contained in the contract is the

Entire contract clause

How often are producers in this state required to pay license renewal fees?

Every 2 years

No insurance policy form can be issued, delivered, or used unless it has been..

Filed and approved by the Commissioner.

Which of the following would pay covered claims when an insurance company becomes insolvent?

Guaranty Association

How many days does the insured have to examine a medicare supplement policy and decide whether or not to keep it?

Medicare supplement policies must include a 30-day free-look provision.

A producer has established a separate account for premiums collected on life insurance policies sold by the producer. Who is entitled to the interest earned on the deposits in the separate account?

Producer

All of the following are considered prohibited practices for producers and insurers issuing Medicare supplement policies except

Receiving commissions

The Commissioner of Insurance does NOT have the authority to

Set rates.

The term "producer" refers to any person appointed by an insurer to

Solicit applications for insurance on its behalf.

What is the agreement between an insured and an insurer, where the insurer agrees to indemnify the insured for specific losses in exchange for a premium?

The insurance contract

A life insurance policy was issued with a face amount of $100,000. The policy's cash value is $50,000. If the insurer becomes insolvent, and the beneficiary submits a death benefit claim, what will the Insurance Guaranty Association pay to the policy claimant?

$100,000

In comparison to consumer reports, which of the following describes a unique characteristic of investigative consumer reports?

The customer's associates, friends, and neighbors provide the report's data.

Federal law makes it illegal for any individual convicted of a crime involving dishonestly or breach of trust to work in the business of insurance affecting interstate commerce

Without receiving written consent from an insurance regulatory authority.

If an insurance company makes a statement that its policies are guaranteed by the existence of the Insurance Guaranty Association, that would be considered what?

An unfair trade practice

Issuers of disability insurance policies that provide hospital or medical expense coverage on an expense-incurred or indemnity basis to persons eligible for Medicare must do which of the following?

Provide to all applicants the pamphlet "Guide to Health Insurance for People with Medicare"

In regards to the coverage of maternity services, health carriers must allow decisions regarding the length of inpatient stay be determined by

The mother and the attending provider.

Which of the following is issued by the state Department of Insurance to show that the insurer has power to write insurance contracts in that state?

Certificate of Authority

What report includes written and/or oral information regarding a consumer's credit, character, reputation, and habits collected by a reporting agency from employment records, credit reports, and other public sources?

Consumer report

Under the Fair Credit Reporting Act, individuals rejected for insurance due to information contained in a consumer report

Must be informed of the source of the report.

A producer did not do his research and placed insurance coverage through an unauthorized insurer. When this becomes known, what may the Commissioner do?

Order a policy replacement

An insurer who covers a child under a noncustodial parent's health-care plan must

give the custodial parent information about obtaining benefits through that coverage