1|Pag e
COLORADO ACCIDENT & HEALTH LAWS STATE
EXAM || SIMULATOR EXAM ALL QUESTIONS AND
CORRECT ANSWERS ALREADY GRADED A+||
LATEST AND FULLY COVERED VERSION 2024-
2025 WITH WELL ELABORATED ANSWERS||
ASSURED 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 - 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 -
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
, 2|Pag e
Reviewing and approving license applications - 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 - 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?
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 - 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 - ANSWER: corporate executive
Which of the following is an example of a misrepresentation?
COLORADO ACCIDENT & HEALTH LAWS STATE
EXAM || SIMULATOR EXAM ALL QUESTIONS AND
CORRECT ANSWERS ALREADY GRADED A+||
LATEST AND FULLY COVERED VERSION 2024-
2025 WITH WELL ELABORATED ANSWERS||
ASSURED 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 - 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 -
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
, 2|Pag e
Reviewing and approving license applications - 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 - 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?
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 - 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 - ANSWER: corporate executive
Which of the following is an example of a misrepresentation?
