COLORADO HEALTH INSURANCE EXAM LATEST 3 VERSIONS
TEST BANK 2024-2025 ALL 350 QUESTIONS AND CORRECT
VERIFIED ANSWERS
Colorado Health Insurance Exam ACTUAL
QUESTION: Which of the following statements is CORRECT about a Waiver of Premium
provision in a Disability Income policy?
A.It allows the insurer to deduct premiums due from the disabled insured's benefit payments.
A.
It allows the insurer to deduct premiums due from the disabled insured's benefit payments.
B.It allows the insurer to increase the amount of premium during the insured's time of
disability.
B.
It allows the insurer to increase the amount of premium during the insured's time of disability.
C.It allows the insured to extend the length of the Grace Period while disabled.
C.
It allows the insured to extend the length of the Grace Period while disabled.
D.It allows the insured to maintain a policy in force while disabled and unable to pay premiums.
D.
It allows the insured to maintain a policy in force while disabled and unable to pay premiums. -
ANSWER-D
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QUESTION: Which of the following laws requires an insurer to notify an applicant in writing that
an investigative consumer report may be made on the applicant?
A.Uniform Provisions Law
A.
Uniform Provisions Law
B.Freedom of Information Act
B.
Freedom of Information Act
C.Medical Information Bureau Disclosure Act
C.
Medical Information Bureau Disclosure Act
D.Fair Credit Reporting Act (Insurance Information and Privacy Protection Act)
D.
Fair Credit Reporting Act (Insurance Information and Privacy Protection Act) - ANSWER-D
QUESTION: When delivering a policy to a client, a producer should take all of the following
actions EXCEPT:
A.collect any premiums due
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A.
collect any premiums due
B.fully explain all exclusions and/or riders
B.
fully explain all exclusions and/or riders
C.keep the policy in the producer's office for safe-keeping on behalf of the client
C.
keep the policy in the producer's office for safe-keeping on behalf of the client
D.review all benefits provided by the policy
D.
review all benefits provided by the policy - ANSWER-C
QUESTION: An Accident and Health policy Notice of Claim provision requires that an insured
give written notice to the insurer within a MAXIMUM of how many days after a loss?
A.15
A.
15
B.20
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B.
20
C.30
C.
30
D.45
D.
45 - ANSWER-B
QUESTION: Health insurance policies are offered on a "take it or leave it" basis and referred to
as which of the following types of contracts?
A.Aleatory Contracts
A.
Aleatory Contracts
B.Valued Contracts
B.
Valued Contracts
C.Unilateral Contracts
4
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