Washington State Insurance Laws Study guides, Class notes & Summaries

What is the Insurance Commissioner's primary duty? - ANSWER Administer and enforce the Insurance Code. T / F: The Insurance Commissioner prosecutes code violations. - ANSWER False: The IC may issue orders or bring court actions, but state attorneys prosecute. T / F: The Insurance Commissioner makes and interprets the Insurance Code. - ANSWER False: State legislature governs these laws.

Washington State Insurance Laws Questions and Answers Graded A+ What is the Insurance Commissioner's primary duty? Administer and enforce the Insurance Code. T / F: The Insurance Commissioner prosecutes code violations. False: The IC may issue orders or bring court actions, but state attorneys prosecute. T / F: The Insurance Commissioner makes and interprets the Insurance Code. False: State legislature governs these laws. How often are Certificates of Authority examined? 5 years...

Commissioner's Term of Office correct answers Elected by the voters 4 years Commissioner Powers correct answers Investigate insurance transactions, Adopt rules to regular unfair or deceptive acts and implement the legislature's insurance code Issue a cease and desist order to force compliance with insurance laws Prosecute a legal action to enforce the commissioner's orders Obtain and publish for the use of courts and appraisers, tables showing the average life expectanccy Disseminate...

Commissioner's Term of Office correct answers Elected by the voters 4 years Commissioner Powers correct answers Investigate insurance transactions, Adopt rules to regular unfair or deceptive acts and implement the legislature's insurance code Issue a cease and desist order to force compliance with insurance laws Prosecute a legal action to enforce the commissioner's orders Obtain and publish for the use of courts and appraisers, tables showing the average life expectanccy Disseminate...