- Study guides, Class notes & Summaries

Life & Health Insurance Exam Colorado Questions and Answers 100% Pass Traditional Whole Life - Correct Answer ️️ --Ordinary (Straight) Life -Limited-Pay & Single-Premium Whole Life -Adjustable Whole Life Ordinary (Straight) Life - Correct Answer ️️ --Until 100 or Death, whichever comes first -Permanent Protection -Rates & benefits based on law of large numbers (Mortality Rate) -Guaranteed, tax-deferred interest rate -Premium level, company's risk goes down as cash value goes up...

Life Insurance Colorado Exam Questions and Answers 100% Pass accelerated benefits - Correct Answer ️️ -Riders attached to life insurance policies which allow death benefits to be used to cover nursing or convalescent home expenses. accidental death benefits - Correct Answer ️️ -A policy rider that states that the cause of death will be analyzed to determine if it complies with the policy description of accidental death. accidental death insurance - Correct Answer ️️ -An insura...

Colorado Life & Health Insurance State Law Supplement Practice Exam Questions and Answers 100% Pass What is the maximum amount the commissioner can fine an insurer for each violation of a cease-and-desist order? - Correct Answer ️️ -$10,000 When appropriate the commissioner reports a violation of insurance law to - Correct Answer ️️ -The district attorney A company that has not been authorized to operate in Colorado is known as - Correct Answer ️️ -A nonadmitted insurer An i...

Life and Health Colorado Exam Questions and Answers 100% Pass PPO (Preferred Provider Organization) - Correct Answer ️️ -An arrangement under which a selected group of independent hospitals and medical practitioners, in a certain area, agree to provide services to subscribers at a prearranged cost. Fraternal Benefit Societies - Correct Answer ️️ -Fraternal benefit societies are primarily social organizations that engage in charitable and benevolent activities that can provide life...

Life insurance/Colorado laws Exam Questions and Answers 100% Pass The commissioners job is to - Correct Answer ️️ -Administer insurance laws to protect the public The commissioner does or does not make laws or pass statutes - Correct Answer ️️ - Does not, the legislature does Can the commissioner amend insurance laws - Correct Answer ️️ -Yes The commissioner has the power to - Correct Answer ️️ -Issue orders, cease and desist Can a commissioner deny, revoke or suspend a ...

Life and Health Insurance Cliff Notes 100% Pass Multi-line insurer - Correct Answer ️️ -An insurance company selling more than one line of insurance Commercial Insurers - Correct Answer ️️ -are in the business of selling insurance for a profit. Commercial insurance is divided into two main groups: stock and mutual insurers. Lloyd's of London - Correct Answer ️️ -is not an insurance company. Members of the association form syndicates to underwrite and issue insurance- like cove...

Colorado Accident & health laws state exam simulator Questions and Answers 100% Pass 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...

life - colorado law exam questions and answers 100% pass Which type of insurer may pay dividends to policyholders? - Correct Answer ️️ -Mutual You must be licensed to sell all of the following EXCEPT: - Correct Answer ️️ -Travel accident To obtain a Colorado producer's license as a nonresident, you must: - Correct Answer ️️ -Have a similar license in your home state You need an insurance license to sell all EXCEPT: - Correct Answer ️️ -Prepaid Legal If, after a hearing, ...