1.Which of the following is an example of defamation?
A brochure including an untrue statement regarding a competitor's ability to
pay claims
A truthful estimate of the dividends
A pamphlet listing a competitor's financial rating
A verbal statement of a competitor's complaint ratio: A brochure including
an untrue statement regarding a competitor's ability to pay claims
2.Which of the following is an example of
rebating? offer of temporary insurance coverage
cancellation of an insurance policy without cause
sale of mass-marketed insurance products
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26
,returning a portion of a premium as inducement to purchase insurance: re-
turning a portion of a premium as inducement to purchase insurance
3.Which of the following is a duty of the
Commissioner? Setting insurance rates
Writing insurance laws
Setting sales quotas
Reviewing and approving license applications: reviewing and approving
license applications
4.A license is deemed to be used for controlled business if during
any 12-month period
the licensee wrote more than 10 policies on controlled business
the licensee wrote policies totaling more than $25,000 on controlled
business the licensee's total premiums on controlled business made up
more than 25% of his total premiums
the licensee's total premiums on controlled business exceeded the total
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26
, premiums on all other business: the licensee's total premiums on
controlled business exceeded the total premiums on all other business
5.In Colorado, which of the following is true regarding the commingling of
an insured's funds with the funds of the producer?
It is never okay
It is okay with the insurer's written approval
It is okay if records are kept on the transaction
It is okay with the insured's written approval: it is never okay
6.Who is not eligible to receive commissions from the sale of an
insurance product?
Corporate
executive General
agent
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