Cease and desist order - Study guides, Class notes & Summaries

Colorado Life & Health Insurance State Law Supplement Practice Exam Questions and Answers (50 terms) with Solutions 2024. Terms like: What is the maximum amount the commissioner can fine an insurer for each violation of a cease-and-desist order? - Answer: $10,000

Colorado Life & Health Insurance State Law Supplement Practice Exam Questions and Answers (50 terms) with Solutions 2024. Terms like: What is the maximum amount the commissioner can fine an insurer for each violation of a cease-and-desist order? - Answer: $10,000

All accident and health policies issued in Colorado that provide major medical services must offer policyholders the opportunity to purchase supplemental coverage home health care coverage double indemnity coverage disability coverage home health care coverage Which of the following offers an insurance applicant the right to review the contract and receive a full refund? Elimination period Refund period Free-look period Probation period free-look period When an employee...

PA Life Insurance Exam Questions and Answers Already Passed Single premium cash value policy can be described as.. a policy that is paid up only after one payment All of the following are considered appropriate uses of life insurance.. - attracting quality employees by offering a group life plan - protecting the business by covering key employees with life insurance - funding an entity buy sell agreement The do not call list offers exemption from all except life insurance Ken ...

Question 1 An action authorized by law to restrict or prevent the movement of goods for the protection of public health, safety and welfare is called Choose one answer. a. an injunction b. an embargo c. an order to cease and desist d. a subpoena - an embargo Question 2 Field observations are not always reported in total because Choose one answer. a. the reported forms are usually inadequate b. the significance of the data is not understood c. the field staff are instructed to limit ...

The final step a licensee will take when preparing a CMA is: 1. Choosing comparables 2. Estimating a reasonable selling price range 3. Making adjustments to comparables 4. Collecting and analyzing information - Answer- CORRECT ANSWER: Estimating a reasonable selling price range A broker price opinion must include what the price was based on and: 1. License number 2. The broker's phone number 3. Applicable market data 4. A legal description - Answer- CORRECT ANSWER: Applic...

WV Life Insurance Laws and Rules Latest Update Graded A+ Examination of Records The Commissioner can examine anyone in the business of insurance in the state at anytime. A company shall be examined every 5 years. Notice and Hearing the Commissioner may call and hold hearings for any purpose deemed necessary. Insurance Commissioner the commissioner may conduct investigations or examinations whenever deemed necessary, subpoena the witnesses to testify. cease and desist order the ...

What is the maximum amount the commissioner can fine an insurer for each violation of a cease-and-desist order? $10,000 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? 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....

Administrative Agency - correct answer -An organization, usually a part of the executive branch of government, that is created to serve a specific purpose as authorized by the legislative branch Function is usually characterized as quasi-legislative or quasi-judicial Quasi-legislative - correct answer -Describes the rule-making functions of administrative agencies Quasi-judicial - correct answer -Administrative actions involving factual determinations and the discretionary application of ...

The commissioner examines each insurer every ___ Years. - 5 years $____ fine per day if a person violates, aids, or abets a written cease and desist order - $10,000 License fee may request a hearing within ____ days of commissioners order. After hearing request, Commissioner has ____ days to hold the hearing. - 30 Days, 30 days All accident and health insurance policies must be filed with the commissioner at least ____ days prior to use - 60 days During Pre-licensing... ____ hours per maj...