Colorado insurance - Study guides, Class notes & Summaries

Mandatory Uniform Provisions - Answer- Must be included in every individual accident policy, no additional provisions may be included which otherwise restrict or modify a uniform provision, designed to protect the insured's interest Entire Contract Clause- Mandatory Uniform - Answer- Includes the policy and provisions, c a copy of the application and any riders, waivers, or endorsements Time Limit on Certain Defenses-Mandatory Uniform - Answer- No statement or misstatement may be contested afte...

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What is the purpose of settlement options? - Answer- They determine how death proceeds will be paid. The minimum interest rate on an equity indexed annuity is often based on - Answer- An index like Standard & Poor's 500. The death benefit is $0 at the end of the policy term. The contract pays only in the event of death during the term and there is no cash value. The face amount steadily declines throughout the duration of the contract. - Answer- decreasing term policy What may last f...

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Colorado producers selling health insurance must provide disclosure regarding all of the following types of compensation, except: Contingent compensation What is the primary source of underwriting information for an individual health insurance policy? The application _______ income benefits received by an employee are subject to taxation in proportion to the amount of premium that the employer paid. That income attributable to the employee's premium is not taxable. Disability A q...

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Colorado Mental Health Jurisprudence Exam Questions And Answers 2023/2024 Rated A+. Records required to be kept and record retention (DORA) - Correct Answer-SW must retain record for 7 years from the date of termination. I Record information on record - Correct Answer-name, phi, referral reason, mandatory disclosure statement. (5) Dates of service including, but not limited to the date of each contact with client, the date on which services began, and the date of last contact with client; ...

Colorado Life & Health Insurance Exam Questions with 100% Correct Answers | Verified | Latest Update 2024

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...