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