Exam (elaborations)
COLORADO LIFE & HEALTH INSURANCE STATE LAW SUPPLEMENT PRACTICE EXAM
- Course
- Institution
COLORADO LIFE & HEALTH INSURANCE STATE LAW SUPPLEMENT PRACTICE EXAM
[Show more]
Content preview
COLORADO LIFE & HEALTH INSURANCE STATE LAWSUPPLEMENT PRACTICE EXAM
What is the maximum amount the commissioner can fine an insurer for each violation of
a cease-and-desist order? - Answers -$10,000
When appropriate the commissioner reports a violation of insurance law to - Answers -
The district attorney
A company that has not been authorized to operate in Colorado is known as - Answers -
A nonadmitted insurer
An insurer that terminates the producers appointment must inform the commissioner
within how many days? - Answers -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 - Answers -See. Writing
insurance laws
When an insurer terminates a producer's appointment, the insurer must notify - Answers
-The commissioner and producer
An insurance producer who solicits insurance on behalf of an insurer represents the -
Answers -Insurer
The commissioner may... - Answers -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 - Answers -Authority
Which of the following is not a problem when existing life insurance is replaced with new
coverage? - Answers -B. Comprehensive coverage may increase under the new policy.
When an employee's coverage terminates under a group health policy, the employee
must be offered continuation coverage for: - Answers -18 months
Accident and health policies that provide coverage on an expense incurred basis for a
family member of the insured: - Answers -Must cover a newborn child from the moment
of birth
, An individual accident and health policy whose premiums are paid on a quarterly basis,
without any subsidy assistance, must contain a grace period of at least how many
days? - Answers -31
Which of the following coverage exclusions or limitations is permitted under a long-term
care policy issued in Colorado? A. Pre-existing conditions B. Alzheimer's disease C.
Senile dementia D. Parkinson's disease - Answers -Pre-existing conditions
All accident and health policies issued in Colorado they provide a major medical
services must offer policyholders the opportunity to purchase: a. Disability coverage B.
Double indemnity coverage C. Home health care coverage D. Supplemental coverage -
Answers -C. Home health care coverage
Which of the following is not considered an essential health benefit? A. Emergency
services B. Long term care services C. Maternity and newborn care D. Prescription
drugs - Answers -B. Long-term care services
An insurer providing group health coverage may not be required to issue a converted
policy to: - Answers -Anyone covered by Medicare
Which of the following statements about a Medicare supplement policy is correct: a. The
insurer may cancel it on the grounds of the insured's health status alone. B. The insurer
may cancel it because the insured has not paid the premiums C. It can indemnify
against losses resulting from sickness on a different bases from claims resulting from
accidents D. The insurer may cancel it on the grounds of the insured's geographic
location - Answers -B. The insurer may cancel it because the insured has not paid the
premiums
An insurance policy that increases benefits to keep up with anticipated cost increases
for long-term care services is said to have: - Answers -Inflation protection
How often must an individual accident and health insurance policy pay for the
mammograms of a 56-year-old Colorado woman? - Answers -Once every year
Suppose that an insurance producer urges an elderly applicant to buy a second
Medicare supplement policy just to be sure our potential medical expenses are covered.
This sale is: - Answers -Prohibited because the sale of a supplement which will provide
a person with more than one Medicare supplement is illegal
Long-term care policies can limit or exclude coverage for all of the following
circumstances except: A. Pre-existing conditions or diseases B. Family history of heart
condition before the effective date of coverage C. Treatment provided in a government
facility which is not required by law D. Services provided by a member of the insured's
family - Answers -Family history of heart condition before the effective date of coverage
The benefits of buying summaries with Stuvia:
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
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
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 SUMMER2022. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $10.99. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
79751 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now