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Wisconsin Property Insurance Questions and Correct Answers | Latest Update
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How does the Commissioner of Insurance receives their position? A) Appointed by the Legislature. B) Appointed by the Attorney General. C) Appointed by the Governor. D) Elected every 4 years. -:- C Insurance laws in Wisconsin are made by: A) The Commissioner of Insurance. B) National Assoc...

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  • September 20, 2024
  • 44
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

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  • wisconsin property insurance questions and correc
  • how does the commissioner of insurance receives th

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  • Wisconsin Property and Casualty
  • Wisconsin Property and Casualty

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2024 /2025 | © copyright | This work may not be copied for profit gain Excel!




Wisconsin Property Insurance Questions and
Correct Answers | Latest Update
How does the Commissioner of Insurance receives their position?


A) Appointed by the Legislature.


B) Appointed by the Attorney General.


C) Appointed by the Governor.


D) Elected every 4 years.


✓ -:- C




Insurance laws in Wisconsin are made by:


A) The Commissioner of Insurance.


B) National Association of Insurance Commissioners (NAIC).


C) The Attorney General.


D) The Legislature.


✓ -:- D




To clarify a person's rights and duties under Wisconsin insurance law, the Commissioner

will issue a:


A) Hearing.
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,2024 /2025 | © copyright | This work may not be copied for profit gain Excel!
B)

Declaratory order.


C) Collateral examination.


D) 20 day review notice.


✓ -:- B




What is the minimum number of days the OCI has to hold a hearing by a denied applicant

for a license?


A) 10-30 days


B) 20 days


C) 5 days


D) 10 days


✓ -:- D




The Commissioner requires the insurance test to:


A) Determine if the applicant has committed a felony.


B) Determine if the applicant has taken Continuing Education classes.


C) Determine if the applicant if trustworthy and competent.


D) Determine if the applicant is at least a minimum 21 years of age.


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,2024 /2025 | © copyright | This work may not be copied for profit gain Excel!


✓ -:- C




The Commissioner has all of the following powers except:


A) Implied power.


B) Enforcement power.


C) Incarceration power.


D) Specified power.


✓ -:- C




If the Commissioner does not put a time length on a revocation the intermediaries license is

revoked for:


A) 1 year


B) 5 years


C) 5 months


D) 15 months


✓ -:- B




If an applicant for an intermediary's license requests a hearing because of a denial of the

license by the Commissioner the intermediary has how many days to request the hearing?
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, 2024 /2025 | © copyright | This work may not be copied for profit gain Excel!
A)

10 days


B) 20 days


C) 30 days


D) 3 months


✓ -:- C




All the following are not considered an intermediary except:


A) A high school teacher teaching insurance.


B) An accountant giving incidental advice about insurance.


C) A risk manager for a large manufacturer.


D) A person going door-to-door soliciting accident policies.


✓ -:- D




Surplus Lines insurance is:


A) Unauthorized.


B) Authorized.


C) Neither authorized or unauthorized.


D) Not allowed in Wisconsin.

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