life - colorado law exam questions and answers 100% pass

life - colorado law exam questions and answers 100% pass Which type of insurer may pay dividends to policyholders? - Correct Answer ️️ -Mutual You must be licensed to sell all of the following EXCEPT: - Correct Answer ️️ -Travel accident To obtain a Colorado producer's license as a nonresident, you must: - Correct Answer ️️ -Have a similar license in your home state You need an insurance license to sell all EXCEPT: - Correct Answer ️️ -Prepaid Legal If, after a hearing, the Commissioner finds that an insurer willfully violated insurance law, he may impose a maximum total fine of _______ in 12 months. - Correct Answer ️️ -$750,000 An insurer who willfully violates a single provision of an unfair trade practice regulation may be fined: - Correct Answer ️️ -$30,000 It is not unfair to deny a claim in which of the following situations? - Correct Answer ️️ - An excluded claim Colorado's Insurance Continuing Education law requires: - Correct Answer ️️ -24 credit hours every 2 years regardless of the number of licenses held What is the maximum a producer may be fined for violating a cease and desist order? - Correct Answer ️️ -$500 - for each and every act