Colorado Accident & Health Laws State Exam with Verified Answers |Latest 2024/2025.
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Course
Colorado Accident & Health Laws
Institution
Colorado Accident & Health Laws
All accident and health policies issued in Colorado that provide major medical services must offer policyholders the opportunity to purchase
supplemental coverage
home health care coverage
double indemnity coverage
disability coverage home health care coverage
Which of the following of...
Colorado Accident & Health Laws State
Exam with Verified Answers 2024/2025.
All accident and health policies issued in Colorado that provide major
medical services must offer policyholders the opportunity to purchase
supplemental coverage
home health care coverage
double indemnity coverage
disability coverage home health care coverage
Which of the following offers an insurance applicant the right to review
the contract and receive a full refund?
Elimination period
Refund period
Free-look period
Probation period free-look period
When an employee's coverage terminates under a group health policy,
the employee must be offered continuation coverage for
18 months
180 days
60 days
,365 days 18 months
An producer who violates a cease and desist order may, after a hearing,
be fined up to
$750
$1000
$500
$250 500
A producer license may be suspended or revoked if the producer is
found to be engaging in
replacement
converting a term life policy to a whole life policy
selling with a nonresident license
misrepresentation misrepresentation
If a producer chooses to conduct business under an assumed name,
when must notification be given to the Commissioner?
No notice is required
At the time of license renewal
No later than 30 days after using the assumed name
Prior to using the assumed name prior to using the assumed name
, A license is deemed to be used for controlled business if during any 12-
month period
the licensee wrote more than 10 policies on controlled business
the licensee wrote policies totaling more than $25,000 on controlled
business
the licensee's total premiums on controlled business made up more
than 25% of his total premiums
the licensee's total premiums on controlled business exceeded the
total premiums on all other business the licensee's total premiums
on controlled business exceeded the total premiums on all other
business
In Colorado, which of the following is true regarding the commingling of
an insured's funds with the funds of the producer?
It is never okay
It is okay with the insurer's written approval
It is okay if records are kept on the transaction
It is okay with the insured's written approval it is never okay
Who is not eligible to receive commissions from the sale of an
insurance product?
Corporate executive
General agent
Licensed home office employee
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