How long must any regulation set forth by the commissioner appear on file as public record before it becomes effective quizlet?

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An insurer

An officer, director, or employee of an insurer or insurance producer, provided the person does not receive commission and the person's activities are executive, administrative, managerial, or clerical and are only indirectly related to the sale, solicitation, or negotiation of insurance; or the person's job relates to underwriting, loss control, inspection, or claims, or providing technical advice and assistance to licensed insurance producers

A person who secures and furnishes information for group life insurance, group property and casualty insurance, group annuities, group or blanket accident and disability insurance; or for the purpose of enrolling individuals; or for issuing certificates or administration where no commission is paid

An employer or association or its officers, directors, employees, or the trustees of an employee trust plan, who administer/operate an employee benefit program as long as they are not in any manner compensated by the insurer issuing the contracts

Employees of insurers or organizations employed by insurers who are engaging in the inspection, rating, or classification of risks, or in the supervision of the training of insurance producers, and who are not engaged in the sale, solicitation, or negotiation of insurance

A person whose activities are limited to advertising through communication in printed publications or other forms of electronic mass media whose distribution is not limited to Washington residents, provided that the person does not sell, solicit, or negotiate insurance for Washington risks

A nonresident who sells, solicits, or negotiates a contract of insurance for commercial property and casualty risks to an insured with risks in more than one state, provided that the person is licensed in the state where the insured maintains its principal place of business and the policy primarily insures risks located in that state

A salaried, full-time employee who advises the employer about insurance interests, provided that the employee does not sell or solicit insurance or receive a commission

Any person securing and forwarding information required for credit insurance, when no commission or other compensation is paid for securing and forwarding the information

This legal description lists the lot, block, subdivision, county, city, and state. Specifically, this method lists lot and block numbers that refer to a recorded subdivision plat map located in the public records of the county in which the land is located. If a parcel of land is described using this method, it is necessary for there to be a PLAT MAP to locate the parcel.

Any question you might see here or on the real test concerning the best example of a "Legal description," based on the " Lot and Block" system, should be answered without including the address of the property. (Lot 12, Block 6, Quiet Village Subdivision, etc.)

Example: If a licensee is aware of any latent defects in a property such as leaking basement, flood plain, foundation problems, termites, etc., these issues must be disclosed to a customer. If the seller (your client) does not want to disclose these issues, it is best not to accept the listing on the property.

Remember: While you owe the duties of Care, Obedience, Accounting, Loyalty, and Disclosure to your client (the seller), the buyer (customer) is entitled to know all latent defects in a property.

If a tenant installs a fixture in order to conduct business, the fixture may be considered a trade fixture, which is the tenant's personal property.

For example, if you lease a location for an ice cream store, and you install freezers to keep the ice cream cold, they are trade fixtures, and you could remove them upon the expiration of a lease. If you do not take them by lease expiration, they become the property of the landlord.

Sale or lease contract provisions: In a sale or lease transaction, the listing of an item in the contract as a personal property item or a fixture overrides all other considerations. Unless otherwise stated as exceptions, all fixtures are included in the sale. For example, if a sale contract stipulates that the attached carpeting is not included in the sale, it becomes a personal property item. If the carpeting is not mentioned, it would stay with the property, since it is attached to the floor of the building.