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CHAPTER 11 EXAM - LAWS AND RULES QUESTIONS WITH COMPLETE ANSWERS
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CHAPTER 11 EXAM - LAWS AND RULES QUESTIONS WITH COMPLETE ANSWERS
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CHAPTER 11 EXAM - LAWS AND RULESQUESTIONS WITH COMPLETE
ANSWERS
A bvproducer bvthat bvonly bvsells bvinsurance bvto bvfamily bvmembers bvis bvsaid bvto bvbe
bvengaging bvin bv- bvANS--Controlled bvbusiness
How bvdoes bvthe bvCommissioner bvattain bvhis bvposition? bv- bvANS--Appointed bvby bvthe
bvGovernor
Which bvof bvthe bvfollowing bvis bvan bvexample bvof bva bvmisrepresentation? bv- bvANS--
Describing bva bvuniversal bvlife bvpolicy bvas bva bvsecurity
Which bvof bvthe bvfollowing bvis bvan bvexample bvof bvrebating? bv- bvANS--Returning bva
bvportion bvof bva bvpremium bvas bvinducement bvto bvpurchase bvinsurance
If bvan bvinsurer bvis bvauthorized bvto bvconduct bvbusiness bvin bvanother bvstate bvand
bvwishes bvto bvconduct bvbusiness bvin bvColorado, bvit bvmust bv- bvANS--Receive bva
bvcertificate bvof bvauthority bvfrom bvcolorado
When bvreplacing bvan bvexisting bvlife bvinsurance bvpolicy, bvthe bvreplacing bvinsurer
bvmust bvnotify bvthe bvexisting bvinsurer bvwithin bv- bvANS--5 bvbusiness bvdays
An bvproducer bvwho bvviolates bva bvcease bvand bvdesist bvorder bvmay, bvafter bva
bvhearing, bvbe bvfined bvup bvto bv- bvANS--$500
In bvColorado, bvall bvof bvthe bvfollowing bvare bvconsidered bvunfair bvtrade bvpractices
bvEXCEPT bv- bvANS--Replacement
When bvmay bvthe bvcommissioner bvconduct bvan bvexamination bvof bvan bvinsurance
bvcompany? bv- bvANS--As bvoften bvas bvdeemed bvnecessary
Which bvof bvthe bvfollowing bvis bvan bvexample bvof bvdefamation bv- bvANS--A bvbrochure
bvincluding bvan bvuntrue bvstatement bvregarding bva bvcompetitor's bvability bvto bvpay
bvclaims
If bva bvproducer bvchooses bvto bvconduct bvbusiness bvunder bvan bvassumed bvname,
bvwhen bvmust bvnotification bvbe bvgiven bvto bvthe bvCommissioner? bv- bvANS--Prior bvto
bvusing bvthe bvassumed bvname
Renewing bva bvproducer's bvlicense bvrequires bv__ bvhours bvof bvcontinued bveducation
bvevery bv2 bvyears. bv- bvANS--24
, When bva bvlife bvinsurance bvunderwriter bvis bvdetermining bvinsurability, bvit bvis bvillegal
bvto bvbase bvthese bvdecisions bvon bv- bvANS--Sexual bvorientation
A bvverbal bvor bvwritten bvstatement bvwhich bvmisleads bva bvpolicy's bvfeatures, bvbenefits,
bvor bvcoverage bvis bvconsidered bv- bvANS--Misrepresentation
Which bvof bvthe bvfollowing bvis bvNOT bva bvproblem bvwhen bvexisting bvlife bvinsurance bvis
bvreplaced bvwith bvnew bvcoverage? bv- bvANS--Comprehensive bvcoverage bvmay
bvincrease bvunder bvthe bvnew bvpolicy
According bvto bvthe bvColorado bvFraud bvStatute, bvall bvof bvthe bvfollowing bvmust
bvcontain bva bvwarning bvagainst bvinsurance bvfraud bvEXCEPT: bv- bvANS--Certificate bvof
bvauthority
All bvof bvthe bvfollowing bvpenalties bvapply bvto bvanyone bvgiving bvintentional bvfalse
bvtestimony bvduring bvan bvinsurance bvexamination bvEXCEPT: bv- bvANS--Guilty bvof bva
bvfelony
Which bvof bvthe bvfollowing bvpotential bvinsurance bvsales bvwould bvbe bvsubject bvto
bvreplacement bvregulations? bv- bvANS--A bvnew bvpolicy bvthat bvcauses bvan bvexisting
bvlife bvinsurance bvpolicy bvto bvbe bvsurrendered
In bvaddition bvto bvsuspending/revoking bvlicenses bvand bvissuing bvfines, bvthe
bvcommissioner bvhas bvthe bvauthority bvto bvdo bvall bvof bvthe bvfollowing bvEXCEPT: bv-
bvANS--Issue bvprison bvsentences
Which bvof bvthe bvfollowing bvwords bvmay bvbe bvused bvin bvthe bvadvertisement bvof bvlife
bvinsurance bvor bvannuities bv? bv- bvANS--Guaranteed
Upon bvrequest, bvwhen bvmust bvthe bvColorado bvSupplement bvto bvthe bvSummary bvof
bvBenefits bvand bvCoverage bvForm bvbe bvprovided? bv- bvANS--Within bv7 bvbusiness
bvdays
A bvproducer bvlicense bvmay bvbe bvsuspended bvor bvrevoked bvif bvthe bvproducer bvis
bvfound bvto bvbe bvengaging bvin bv- bvANS--Misrepresentation
The bvUSA bvpatriot bvact bvwas bvsigned bvinto bvlaw bvas bva bvresponse bvto bv- bvANS--The
bv9/11 bvterrorist bvact
If bvan bvinsurance bvcompany bvwishes bvto bvdiscriminate bvrates bvbased bvon bvgender,
bvit bvmust, bv- bvANS--Be bvjustified bvby bvactuarial bvstatistics
When bva bvminor bvis bvdesignated bvas bvthe bvsole bvprimary bvbeneficiary, bv- bvANS--A
bvguardian bvwill bvbe bvcourt bvappointed bvin bvthe bvevent bvof bva bvdeath bvclaim
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