Washington State Insurance Practice Exam

In property and casualty insurance, changing the coverage limits typically requires the insurer's written consent. This is because altering coverage limits can impact the level of risk the insurer is exposed to and may affect the terms of the policy. Therefore, it is crucial for the insurer to approve any changes to coverage limits in writing to ensure that both parties are aware of and agree to the new terms. The other options are incorrect because: - Assignment of the policy to another party usually requires notification or consent but not necessarily in writing. - Filing a claim is a standard process that typically does not require written consent from the insurer. - Requesting a refund of premiums may not require written consent as it is a standard procedure governed by insurance regulations.