Colorado Life & Health Insurance State
Law Supplement Practice Exam
What is the maximum amount the commissioner can fine an insurer for
each violation of a cease-and-desist order?
(Ans- $10,000
When appropriate the commissioner reports a violation of insurance law to
(Ans- The district attorney
A company that has not been authorized to operate in Colorado is known
as
(Ans- A nonadmitted insurer
An insurer that terminates the producers appointment must inform the
commissioner within how many days?
(Ans- 30
All of the following are duties of the commissioner except: a. keeping
records of the insurers that he has examined b. adopting rules and
regulations c. writing insurance laws d. submitting an annual report to the
General assembly
(Ans- See. Writing insurance laws
When an insurer terminates a producer’s appointment, the insurer must
notify
(Ans- The commissioner and producer
An insurance producer who solicits insurance on behalf of an insurer
represents the
(Ans- Insurer<\/p>\n\n\n\n
The commissioner may\u2026
(Ans- 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
(Ans- Authority
In Colorado all of the following are considered unfair trade practices except:
a. Misrepresentation b. Rebating c.. Replacement D. Coercion
(Ans- 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
(Ans- 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
services as an insurance producer to anyone who is not properly licensed
C. Inquiring about an applicant sexual orientation in connection with an
application D. Replacing one life insurance policy with another
(Ans- D. Replacing one life insurance policy with another
How many hours of continuing education must be in courses associated
with the lines of insurance for which the producer is licensed?
(Ans- 18
All of the following are examples of unfair claims settlement practices
except: A. Paying the claim without conducting an investigation B. Denying
a claim promptly but without explaining the coverage or laws on which the<\/p>\n","protected":false},"excerpt":{"rendered":"
Colorado Life & Health Insurance StateLaw Supplement Practice ExamWhat is the maximum amount the commissioner can fine an insurer foreach violation of a cease-and-desist order?(Ans- $10,000When appropriate the commissioner reports a violation of insurance law to(Ans- The district attorneyA company that has not been authorized to operate in Colorado is knownas(Ans- A nonadmitted insurerAn insurer […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[25],"tags":[],"class_list":["post-120344","post","type-post","status-publish","format-standard","hentry","category-exams-certification"],"_links":{"self":[{"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/posts\/120344","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/comments?post=120344"}],"version-history":[{"count":0,"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/posts\/120344\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/media?parent=120344"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/categories?post=120344"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/tags?post=120344"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}