100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
Colorado Life and Health Exam Questions and Answers with complete $12.49   Add to cart

Exam (elaborations)

Colorado Life and Health Exam Questions and Answers with complete

 7 views  0 purchase
  • Course
  • Institution

Colorado Life and Health Exam | Questions and Answers with complete when does a certificate of authority expire when do you report administrative actions Penalty for license denial, suspension, or revocation Penalties for falsifying books/documents Unfair Trade Practices and methods of compet...

[Show more]

Preview 2 out of 6  pages

  • March 16, 2024
  • 6
  • 2023/2024
  • Exam (elaborations)
  • Questions & answers
avatar-seller
Colorado Life and Health Exam | Questions and
Answers with complete

1). When does a certificate of authority expire

 Ans: June 30th


2). When do you report administrative actions

 Ans: within 30 days


3). Penalty for license denial, suspension, or revocation

 Ans: 3,000


4). Penalties for falsifying books/documents

 Ans: maximum fine of 5,000 and between 2-12 months imprisonment


5). Unfair trade practices and methods of competition fines

 Ans: 3000 maximum per violation
30,000 maximum aggregate
30,000 insurer maximum per
750,000 insurer maximum aggregate


6). Claims must be paid by insurers within

 Ans: 60 days


7). Violation of cease and desist orders

 Ans: 500$ maximum for the individual
10,000 maximum for insurer


8). Emergency cease and desist order fine




PaperStoc.com Page 1 of 6

,  Ans: 25,000$


9). Minimum age for license

 Ans: 18


10). Change of address must be reported in

 Ans: 30 days


11). Minimum hours required for industry ethics

 Ans: 3 hours


12). Prelicensing requirements

 Ans: 50 hours


13). Terminating an appointment

 Ans: the commissioner must be notified in 30 days
Insurer has 15 days to notify the producer


14). Producer license renewal period

 Ans: 2 years


15). After reciept producer must remit premiums to insurer within

 Ans: 45 days


16). A producer must return all premium to insured within

 Ans: 30 days


17). Division of insurance inquiries must be answered in

 Ans: 20 days




PaperStoc.com Page 2 of 6

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller Academik001. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $12.49. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

73314 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling
$12.49
  • (0)
  Add to cart