Colorado Accident & health laws state exam simulator
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Course
Colorado Accident
Institution
Colorado Accident
Colorado Accident & health laws state exam simulator/Colorado Accident & health laws state exam simulator/Colorado Accident & health laws state exam simulator
Colorado Accident & health laws state
exam simulator
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 - correct answer A brochure including an
untrue statement regarding a competitor's ability to pay claims
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
returning a portion of a premium as inducement to purchase insurance - correct answer
returning a portion of a premium as inducement to purchase insurance
Which of the following is a duty of the Commissioner?
Setting insurance rates
Writing insurance laws
Setting sales quotas
Reviewing and approving license applications - correct answer reviewing and approving
license applications
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 premiums on all other
business - correct answer the licensee's total premiums on controlled business exceeded the
total premiums on all other business
In Colorado, which of the following is true regarding the commingling of an insured's funds with
the funds of the producer?
, Colorado Accident & health laws state
exam simulator
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 - correct answer it is never okay
Who is not eligible to receive commissions from the sale of an insurance product?
Corporate executive
General agent
Licensed home office employee
Personal producer - correct answer corporate executive
Which of the following is an example of a misrepresentation?
Making malicious statements about an insurer
Describing a universal life policy as a security
Returning a portion of a premium as inducement to purchase insurance
Failing to affirm or deny coverage of claims within a reasonable time - correct answer
describing a universal life policy as a security
An insurer that terminates a producer's appointment must inform the Commissioner within
how many days?
45
55
15
30 - correct answer 30
In Colorado, all of the following are considered unfair trade practices EXCEPT
coercion
rebating
replacement
misrepresentation - correct answer replacement
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