Colorado Life and Health Exam 2023 with 100% correct answers
when does a certificate of authority expire June 30th when do you report administrative actions within 30 days Penalty for license denial, suspension, or revocation 3,000 Penalties for falsifying books/documents maximum fine of 5,000 and between 2-12 months imprisonment Unfair Trade Practices and methods of competition fines 3000 maximum per violation 30,000 maximum aggregate 30,000 insurer maximum per 750,000 insurer maximum aggregate Claims must be paid by insurers within 60 days Violation of Cease and Desist orders 500$ maximum for the individual 10,000 maximum for insurer Emergency cease and desist order fine 25,000$ Minimum age for license 18 Change of address must be reported in 30 days Minimum hours required for industry ethics 3 hours Prelicensing Requirements 50 hours Terminating an appointment the commissioner must be notified in 30 days Insurer has 15 days to notify the producer Producer license renewal period 2 years After reciept producer must remit premiums to insurer within 45 days A producer must return all premium to insured within 30 days Division of insurance inquiries must be answered in 20 days request for information during a market conduct or financial examination must be answered in 10 days
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