Colorado Life and Health Exam

when does a certificate of authority expire - answer-June 30th when do you report administrative actions - answer-within 30 days Penalty for license denial, suspension, or revocation - answer-3,000 Penalties for falsifying books/documents - answer-maximum fine of 5,000 and between 2-12 months imprisonment Unfair Trade Practices and methods of competition fines - answer-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 - answer-60 days Violation of Cease and Desist orders - answer-500$ maximum for the individual 10,000 maximum for insurer Emergency cease and desist order fine - answer-25,000$ Minimum age for license - answer-18 Change of address must be reported in - answer-30 days Minimum hours required for industry ethics - answer-3 hours Prelicensing Requirements - answer-50 hours Terminating an appointment - answer-the commissioner must be notified in 30 days Insurer has 15 days to notify the producer Producer license renewal period - answer-2 years After reciept producer must remit premiums to insurer within - answer-45 days A producer must return all premium to insured within - answer-30 days Division of insurance inquiries must be answered in - answer-20 days request for information during a market conduct or financial examination must be answered in - answer-10 days The total premiums on controlled business cannot (blank) the total premiums on all other businesses - answer-Exceed How many days in advance must insurer give notice before policy will lapse due to non-payment of premium - answer-25 days Grace period for group life insurance - answer-31 days If no beneficiary, how much can the insurer pay the person who incurs funeral expenses - answer-5,000 How long must the policy be to collect death benefits from suicide - answer-1 year Free look for life insurance - answer-15 days Free look for life insurance replacements - answer-30 days Replacing insurer must notify other insurers how many days after receiving application - answer-5 days How long must replacing insurers retain documents after policy expires/terminated - answer-5 years How long must insurers maintain files of advertisements - answer-5 years How long is the annuity course producers must complete - answer-4 hours Maternity coverage in an employer health plan is required if an employer has more than (blank) full-time employees - answer-15 A newborn child is covered for how many days after birth - answer-31 days If required, notification of birth and premium must be paid in how many days - answer-31 days Health plans issues to persons receiving a federal subsidy to help pay for coverage must have a (blank) grace period - answer-3 month How long is the grace period for health plans - answer-31 days You must have (blank) employees or less to be a small group health plan - answer-100 To be an eligible employee you must have worked (blank) - answer-30 hours