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The WALD exam has 150 questions and runs 3 hours 15 minutes.
These 10 free WALD questions are organized by exam domain, so you can see how each part of the Washington Life & Disability Insurance Producer Exam blueprint is tested. Reveal the answer and explanation under each question.
An insurance agency plans to hire a bookkeeper who was convicted of felony embezzlement. The position includes depositing premiums and reconciling insurer accounts. The sentence is complete, but no regulatory consent has been obtained. What is required before the person begins this work?
Correct answer: A - Written consent from the appropriate insurance regulatory official
On June 1, a properly licensed Washington life producer submits the first application to an insurer that has not yet filed the producer's appointment. The agency contract is signed on June 3. Which filing rule applies?
Correct answer: B - The appointment is due within 15 days after June 1, the earlier triggering event
A licensed producer offers an unlicensed client a $75 restaurant gift card for each referral, but only when the referred person buys a policy. The client supplies only a name and phone number and never discusses coverage. How should this arrangement be treated?
Correct answer: C - Not permitted because the referral reward is conditioned on the referred person obtaining insurance
To pay the first premium on a new life policy, an applicant takes a single loan from an existing policy equal to 26% of that policy's available loan value. The existing policy otherwise remains in force. What must the producer do?
Correct answer: D - Treat the transaction as a replacement and complete the required signed notice when taking the application
A 68-year-old consumer provides income, objectives, risk tolerance, and existing-product information but refuses to disclose liquid net worth. The producer also knows the consumer will need $40,000 for surgery in six months and is considering an annuity with a seven-year surrender schedule. Which action best satisfies Washington's annuity best-interest rule?
Correct answer: A - Document the refusal, preserve the known liquidity need, and recommend only if a reasonable basis remains
A Washington HMO covers dependent children. An enrollee's newborn is diagnosed at birth with a congenital heart defect. The parent gives notice of birth and pays the required additional premium 45 days later. Which coverage result is correct?
Correct answer: B - Coverage began at birth and includes the congenital condition; the notice was timely
Although an insurer terminated a producer's actual authority internally, it left the producer listed on its website, allowed continued use of branded applications, and gave customers no notice. A customer reasonably relies on those manifestations. Which type of authority is implicated?
Correct answer: C - Apparent authority created by the insurer's conduct
For a needs analysis, a family requires $90,000 for immediate debts and final expenses, $450,000 for income replacement, and $120,000 for education. It has $180,000 in available liquid assets and $200,000 of existing life insurance. Home equity and retirement funds are not available for these needs. How much additional life insurance is indicated?
Correct answer: A - $280,000
After a life policy is issued as applied for but before delivery, the producer learns that the applicant was hospitalized overnight for chest pain and is awaiting cardiac testing. No premium accompanied the application, and delivery requires payment plus continued good health. What should the producer do?
Correct answer: D - Do not deliver as though nothing changed; report the health change and follow the insurer's instructions
Two spouses already have adequate income protection for the first death. Their priority is one death benefit to provide estate liquidity and fund a special-needs trust only after both spouses have died. Which policy best fits that objective?
Correct answer: B - Survivorship life, second-to-die
The WALD exam also covers these domains. Drill them in the full free practice test:
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