How many days do you have to report to the Commissioner any Administrative action taken in another jurisdiction?

Prepare for the Washington Surplus Lines Broker Exam. Utilize flashcards and multiple-choice questions with detailed explanations. Ace your exam with confidence!

The correct answer is based on the requirement set by the Washington State law regarding surplus lines brokers. In Washington, brokers are required to report any administrative action taken against them in another jurisdiction within 30 days. This requirement ensures that the Commissioner is informed of any significant regulatory issues that may affect the broker's ability to practice in Washington, maintaining transparency and the integrity of the regulatory environment within the state.

The 30-day timeframe is consistent with the standards that help maintain accountability among brokers and ensure that they uphold the necessary ethical and professional standards expected in their conduct across jurisdictions. This regulation helps protect consumers and the insurance market by allowing authorities to act swiftly if there are concerns related to a broker’s licensing or conduct based on actions taken in other states.

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