numbers and figures

Question 1

Commissioners Maximum fine per violation of the insurance code.

Answer 1

$1,000

Question 2

Civil penalty for transacting insurance without a license?

Answer 2

$25,000

Question 3

Maximum duration of license suspension or Revokation

Answer 3

1 year

Question 4

days for a producer to pay a fine

Answer 4

15-30

Question 5

the time for notifying a producer to suspend, revoe or refuse to renew his license

Answer 5

15 days

Question 6

the time to notify a producer to stop in an emergency

Answer 6

3 days

Question 7

A producers change of any address must be reported withihn _______ days to the comissioner

Answer 7

30

Question 8

Time for an insurer to acklnoikclwge noitice of claim to the claimaint

Answer 8

10 days

Question 9

Time after insurer recieves claiom to complete investigation

Answer 9

30 days

Question 10

max gift

Answer 10

$25

Question 11

Time for a producer to keep transaction records

Answer 11

5 years

Question 12

time for a producer to respond to the comissioner when an inquiry is made?

Answer 12

promptly

Question 13

Coverage limit for L/D under the Gaurantee assn

Answer 13

$500,000

Question 14

Coverage for P/C per claim under the guarantee Assn?

Answer 14

$300,000

Question 15

Free look time for a newly issued policy

Answer 15

10 days

Question 16

free look for examination of a replacement policy

Answer 16

20 days

Question 17

Time the company has to refund a policy holder if he returns policy under free look

Answer 17

30 days

Question 18

max interest rate an insurance company must pay under the Life Settlement Law

Answer 18

8%

Question 19

time an insurer may delay distrobution of cash from a policy

Answer 19

6 months

Question 20

percentage of an employees group life coverage which may be extened to employees spouce

Answer 20

50%

Question 21

minimum number of employees needed for employee group coverage

Answer 21

10

Question 22

minimum # of enrollees for a agent credit union or labor union coverage

Answer 22

25

Question 23

days to convert group coverage to individual after leaving employment

Answer 23

31

Question 24

participation rate requitement on employee contributory groups

Answer 24

75%

Question 25

participation requirement on employee non-contributory groups

Answer 25

100%

Question 26

Examination of insurance companies at least once every ______ years

Answer 26

5

Question 27

Time for a producer to request a hearing or to make an appeal

Answer 27

90 days

Question 28

time for the comissioner to hold a hearing after one has been requested

Answer 28

30days

Question 29

time to pass PLE after certigication is issued

Answer 29

one yurr

Question 30

time to get a license after passing the tests

Answer 30

180 days

Question 31

term of a producers license? when must he renew?

Answer 31

2 yrs on his B-day

Question 32

When do certificates of authority expire for Insurance Companies

Answer 32

July 1

Question 33

after ___ from the expiration date of a producers license, all associated appointments and affiliations are terminated

Answer 33

60 days

Question 34

How long can you let a license lapse (non-renew) untill you have to start the whole process over?

Answer 34

one year

Question 35

Days of 100% hospital coverage under Medicare part A

Answer 35

60 days

Question 36

Days a prexisting conditions can be excliuyded under medigap

Answer 36

90 days

Question 37

Medigap open enrollment period after enrolling in medicare part B

Answer 37

6 months

Question 38

Medicare Suppliment and Long Term Care Insurance Grace Period

Answer 38

31 days

Question 39

Medicare Suppliment Free look

Answer 39

30 days

Question 40

Long Term Care Free Look if coverage is thru producer?

Answer 40

30 days

Question 41

LTC free look if coverage is purchased direct from carrier

Answer 41

60 days

Question 42

Maximum time that a pre-existing condition can be excluided from a LTC policy

Answer 42

180 days

Question 43

maximum benefit period for a LTC policy

Answer 43

1 yr

Question 44

if you sell LTC you have to take ____ hours of traiing

Answer 44

8

Question 45

When are newborns covered under health care?

Answer 45

At birth

Question 46

violation of WA healthcare claims act

Answer 46

Class C Felony

Question 47

a min. of ___ person(s) is needed to form a small group

Answer 47

one

Question 48

maximum of _____ persons to form a small group (WA health reform)

Answer 48

50

Question 49

free look minimum for disability inurance

Answer 49

10 day

Question 50

at least one, but no more than ___ ppl for a "small group"

Answer 50

50

Question 51

maximum pre-existing condition can be excluded from individaul health insurance

Answer 51

9 months

Question 52

minimum Rx drug coverage under individal healrth ins

Answer 52

2000 dollars

Question 53

group plans may not exclude a pre existing condition if youve had coverage within ____ days from the application date for new coverage

Answer 53

90

Question 54

Contestabilty period of a policy

Answer 54

2 yrs

Question 55

minimum grace period for weekly payment plans

Answer 55

7 days

Question 56

min grace period for monthly payment plans

Answer 56

10 days

Question 57

min grace period for plans greater than monthly payment

Answer 57

31 days

Question 58

notice of claim period for consumer

Answer 58

20 days

Question 59

time to send out claim form by insurer

Answer 59

15 days

Question 60

time for insured to send in proper proof of loss

Answer 60

90 days

Question 61

loss of time or disability income benefits must be paid at least every ____ days

Answer 61

30

Question 62

may not sue ins co for non paymnet unless ____ days have passed

Answer 62

60

Question 63

statute of limitations for suing an insurance company after filing proof of loss

Answer 63

3 yrs

Question 64

youre a

Answer 64

PIMP