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XCEL Final Version 1 Newest Actual Questions And Correct Detailed Answers (verified Answers)||Already Graded A+||Brand New Version!!
Which of the following documents are NOT required to mention the Colorado Fraud Statute? - ANSWER-Certificates
An insurer that terminates a producer's appointment must inform the Commissioner within how many days? - ANSWER-30
To be licensed to sell life, accident, and health insurance in Colorado, an applicant must complete - ANSWER-100 hour pre licensing education
When is it appropriate for a producer's spouse to be the primary beneficiary on an applicant's life insurance policy? - ANSWER- When insurable interest exists
Which situation allows the producer to also be the beneficiary on a client's application for life insurance? - ANSWER-When insurable interest exists 1 / 3
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A group life insurance policy holder must be given a grace period for premium payment of how many days. - ANSWER-31
An applicant for a resident insurance producer's license MUST meet which of the following requirements? - ANSWER- Complete a pre licensing examination
A producer in Colorado must complete a minimum of ow many hours of continuing education every 2 years? - ANSWER-24
A producer may legally share commissions only with - ANSWER-Another producer who is licensed in the same line of insurance
A producer who sells an individual life insurance policy in Colorado MUST deliver to the policy owner... - ANSWER-A policy summary and buyer's guide
A temporary license issued to an applicant for an insurance license is valid for a maximum of how many days - ANSWER- 180 days
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All of the following activities may result in the revocation or suspension of a producer's license EXCEPT - ANSWER- representing a foreign insurance company
Continuing education is required of individuals licensed to sell which of the following types of insurance? - ANSWER-Limited Lines Credit
Continuing education requirements in Colorado apply to which of the following persons? - ANSWER-Life insurance
Continuing education requirements in Colorado apply to which of the following persons? - ANSWER-Resident producers
If a producer knowingly violates the Unfair Trade Practices Laws of Colorado, the Office of the Insurance commissioner may fine the producer a MAXIMUM of which of the following amounts per violation? - ANSWER-5k
In Colorado, a domestic insurance company is defined as a company that - ANSWER-is incorporated and formed in CO
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