Membership Categories Quiz

According to the bylaws, how many types of membership are there?

• One

• Two

• Three

• Four

Which of the following is a type of voting member?

• Service Member

• Life Member

• U.S. Wholesale Member

• Honorary Member

Which of the following is NOT a type of non-voting member?

• Service Member

• Life Member

• Associate Member

• Honorary Member

Which of the following is a type of non-voting member?

• U.S. Insurance Market Member

• Associate Member

• U.S. Wholesale Member

• Life Member

What do they vote on during the Annual Business Meeting?

• Elect the slate of Officers and Directors

• Approve the annual budget

• Discuss new business opportunities

• Plan the next annual event

Which members make up 2/3 of the WSIA Board of Directors?

• U.S. Wholesale Members

• U.S. Insurance Market Members

• U40 Immediate Past President

• Ex Officio Members

Who makes up 1/3 of the WSIA Board of Directors?

• U.S. Wholesale Members

• U.S. Insurance Market Members

• U40 Immediate Past President

• Ex Officio Members

What is the role of the U40 Immediate Past President on the WSIA Board?

• Ex-Officio Voting member

• Ex-Officio Non-voting member

• Chairperson

• Secretary

What is a U.S. Wholesale Member according to the bylaws?

• A. A sole proprietorship, partnership, or corporation licensed in at least one jurisdiction within the United States as a broker, agent, managing general agent, program administrator, or entity with delegated underwriting authority that is engaged in the insurance business principally as a wholesaler.

• B. A sole proprietorship, partnership, or corporation licensed in at least one jurisdiction within the United States as a retailer.

• C. A sole proprietorship, partnership, or corporation licensed in at least one jurisdiction within the United States as a financial advisor.

• D. A sole proprietorship, partnership, or corporation licensed in at least one jurisdiction within the United States as a real estate agent.

What percentage of annual premium volume must be distributed on a wholesale basis for a U.S. Wholesale Member?

• 51%

• 75%

• 60%

• 80%