Colorado Life & Health Insurance State
Law Supplement Practice Exam
What is the most amount the commissioner can exceptional an insurer for each violation of a
stop-and-desist order? - ANS$10,000
When appropriate the commissioner reviews a violation of insurance regulation to - ANSThe
district lawyer
A agency that has not been authorized to function in Colorado is called - ANSA nonadmitted
insurer
An insurer that terminates the producers appointment ought to inform the commissioner inside
what number of days? - ANS30
All of the following are obligations of the commissioner besides: a. Keeping facts of the insurers
that he has examined b. Adopting policies and rules c. Writing coverage legal guidelines d.
Filing an annual document to the General meeting - ANSSee. Writing insurance legal guidelines
When an insurer terminates a manufacturer's appointment, the insurer ought to notify - ANSThe
commissioner and producer
An insurance manufacturer who solicits coverage on behalf of an insurer represents the -
ANSInsurer
The commissioner may additionally... - ANSConduct investigations and subpoena witnesses
whenever he deems it essential
The commissioner gives approval to an insurer to do enterprise in Colorado in a certificates of -
ANSAuthority
In Colorado all the following are considered unfair trade practices except: a. Misrepresentation
b. Rebating c.. Replacement D. Coercion - ANSC. Replacement
All of the subsequent are violations of Colorado insurance law besides: a. Charging people of
the identical elegance unique top class fees b. Offering tickets to a football game as an incentive
to purchase a coverage c. In forming a new policy holder that his new policy, if lapsed for
nonpayment of top class, might be reinstated upon reapplication d. Having an arrangement to
sell stock to someone contingent upon the acquisition of an annuity - ANSC. In forming a brand
, new coverage holder that his new coverage, if lapsed for nonpayment of top rate, could be
reinstated upon reapplication
All of the subsequent coverage practices are unlawful in Colorado except: A. Soliciting or
purchasing insurance without a license B. Paying a rate for services as an coverage producer to
everybody who is not well licensed C. Inquiring about an applicant sexual orientation in
reference to an utility D. Replacing one existence coverage policy with another - ANSD.
Replacing one lifestyles coverage coverage with every other
How many hours of continuing training need to be in guides associated with the strains of
coverage for which the manufacturer is licensed? - ANS18
All of the subsequent are examples of unfair claims agreement practices except: A. Paying the
claim without conducting an research B. Denying a declare right away but with out explaining
the coverage or laws on which the denial is primarily based C. Paying a declare directly
however without explaining the insurance or legal guidelines on which the charge is based D.
Denying the claim with out making an investigation - ANSA. Paying a declare with out carrying
out an research
A producer has how many days to file a written enchantment to the commissioner after he has
been terminated by way of his appointing insurer? - ANS30
A fraternal advantage society representative need no longer be licensed as a producer if he
sells existence insurance with the face amount identical to or less than: - ANS50,000
To be certified to promote life, coincidence and medical insurance in Colorado, and applicant
must complete: - ANS100 hours of pre-licensing training
A fiduciary duty is defined as: - ANSA relationship of special consider and self assurance while
someone is entrusted with another's funds
A producer who has to write down a majority of his insurance commercial enterprise at the
personnel and officials of a restaurant owned by way of his spouse is transacting: -
ANSControlled business
Circulation of a maliciously crucial announcement approximately an insurer's financial
circumstance to damage the insurer's reputation or enterprise is known as: - ANSDefamation
In wellknown, folks who constitute fraternal advantage society's to solicit coverage are: -
ANSConsidered insurance manufacturers and need to meet all licensing requirements
How should coverage producers account for each insurance policy and the charges they
receive on it? - ANSAs a separate account of the insured
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