Colorado Life & Health Insurance 2024 Exam Questions with Verified Answers |Latest 2024/2025
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Course
Colorado Life & Health Insurance
Institution
Colorado Life & Health Insurance
What is the maximum amount the commissioner can fine an insurer for each violation of a cease-and-desist order? $10,000
An individual accident and health policy whose premiums are paid on a quarterly basis, without any subsidy assistance, must contain a grace period of at least how many days? ...
Colorado Life & Health Insurance 2024
Exam Questions with Verified Answers.
What is the maximum amount the commissioner can fine an insurer for
each violation of a cease-and-desist order? $10,000
An individual accident and health policy whose premiums are paid on a
quarterly basis, without any subsidy assistance, must contain a grace
period of at least how many days? 31
Which of the following coverage exclusions or limitations is permitted
under a long-term care policy issued in Colorado? A. Pre-existing
conditions B. Alzheimer's disease C. Senile dementia D. Parkinson's
disease Pre-existing conditions
All accident and health policies issued in Colorado they provide a major
medical services must offer policyholders the opportunity to purchase:
a. Disability coverage B. Double indemnity coverage C. Home health
care coverage D. Supplemental coverage C. Home health care
coverage
Which of the following is not considered an essential health benefit? A.
Emergency services B. Long term care services C. Maternity and
newborn care D. Prescription drugs B. Long-term care services
, An insurer providing group health coverage may not be required to
issue a converted policy to: Anyone covered by Medicare
The commissioner may... Conduct investigations and subpoena
witnesses whenever he deems it necessary
The commissioner gives approval to an insurer to do business in
Colorado in a certificate of Authority
In Colorado all of the following are considered unfair trade practices
except: a. Misrepresentation b. Rebating c.. Replacement D. Coercion
C. Replacement
All of the following are violations of Colorado insurance law except: a.
Charging individuals of the same class different premium rates b.
Offering tickets to a football game as an incentive to purchase a policy c.
In forming a new policy holder that his new policy, if lapsed for
nonpayment of premium, could be reinstated upon reapplication d.
Having an arrangement to sell stock to a person contingent upon the
purchase of an annuity C. In forming a new policy holder that his
new policy, if lapsed for nonpayment of premium, could be reinstated
upon reapplication
All of the following insurance practices are illegal in Colorado except: A.
Soliciting or procuring insurance without a license B. Paying a fee for
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