COLORADO HEALTH INSURANCE EXAM 2025 ACTUAL
COMPLETE REAL EXAM QUESTIONS WITH DETAILED
VERIFIED ANSWERS (100% CORRECT ANSWERS)
/ALREADY GRADED A+
Five years ago, at age forty-five, X stated that he was forty years
old on a disability income insurance application. X now submits
a claim and the insurer discovers X's true age. The insurer will
most likely take which of the following actions?
A.Deny the claim due to material misrepresentation on the
application
B.Pay the claim as filed because the policy becomes
incontestable after two
years
C.Pay the claim and cancel the policy
D.Adjust the benefits downward according to the benefits that X
would have been
entitled to based on the premiums -
ANSWER-D
,The Social Security program provides all of the following
benefits EXCEPT:
A.retirement
B.survivor
C.disability
D.workers compensation - ANSWER-D
Which of the following situations is considered rebating?
A. A producer exaggerates the financial strength of the company
to an insured.
B. A producer returns a portion of a commission to the insured.
C. An insurer pays an independent adjuster to settle a loss in
favor of the company's insured.
D. An insurer pays excessive commissions to its producers. -
ANSWER-B
A producer may be guilty of misrepresentation if the producer:
A.tells an insured the deductible on a policy is less than it
actually is
B.cancels a policy because of the insured's loss history
C.gives part of a commission to the applicant in order to make a
sale
,D.neglects to record information reported by an insured -
ANSWER-A
Which of the following statements is CORRECT about health
coverage for an
insured's newborn
child?
A.It becomes effective immediately after the insured provides
proper notification to the insurer.
B.It becomes effective fifteen days after birth if the insured
provides proper notification and premium payment to the
insurer.
C.It is provided without notice or additional payment for thirty-
one days after birth. D.It is not provided unless maternity
coverage is part of the insured's medical plan. - ANSWER-C
An insurer formed under the laws of a state other than this state
is known as:
A .a foreign company
B. a reciprocal company
C. a domestic company
D. an alien company - ANSWER-A
Which of the following persons is authorized to enforce state
insurance laws?
, A. The Insurance Commissioner
B. The state Attorney General
C. The Governor
D. The state Auditor - ANSWER-A
The Insurance Commissioner may examine the records of an
insurer at which of
the following
times?
A.Only when a state court has ordered an
examination
B.Only when consumer complaints against the company
become unusually
frequent
C.Only when the company is filing for
reorganization
D.At any time the Insurance Commissioner sees fit -
ANSWER-D
Which of the following statements is CORRECT about Medicare
Supplement coverage?
A.Both members of a married couple must be at least sixty-five
years old for either to obtain coverage.
COMPLETE REAL EXAM QUESTIONS WITH DETAILED
VERIFIED ANSWERS (100% CORRECT ANSWERS)
/ALREADY GRADED A+
Five years ago, at age forty-five, X stated that he was forty years
old on a disability income insurance application. X now submits
a claim and the insurer discovers X's true age. The insurer will
most likely take which of the following actions?
A.Deny the claim due to material misrepresentation on the
application
B.Pay the claim as filed because the policy becomes
incontestable after two
years
C.Pay the claim and cancel the policy
D.Adjust the benefits downward according to the benefits that X
would have been
entitled to based on the premiums -
ANSWER-D
,The Social Security program provides all of the following
benefits EXCEPT:
A.retirement
B.survivor
C.disability
D.workers compensation - ANSWER-D
Which of the following situations is considered rebating?
A. A producer exaggerates the financial strength of the company
to an insured.
B. A producer returns a portion of a commission to the insured.
C. An insurer pays an independent adjuster to settle a loss in
favor of the company's insured.
D. An insurer pays excessive commissions to its producers. -
ANSWER-B
A producer may be guilty of misrepresentation if the producer:
A.tells an insured the deductible on a policy is less than it
actually is
B.cancels a policy because of the insured's loss history
C.gives part of a commission to the applicant in order to make a
sale
,D.neglects to record information reported by an insured -
ANSWER-A
Which of the following statements is CORRECT about health
coverage for an
insured's newborn
child?
A.It becomes effective immediately after the insured provides
proper notification to the insurer.
B.It becomes effective fifteen days after birth if the insured
provides proper notification and premium payment to the
insurer.
C.It is provided without notice or additional payment for thirty-
one days after birth. D.It is not provided unless maternity
coverage is part of the insured's medical plan. - ANSWER-C
An insurer formed under the laws of a state other than this state
is known as:
A .a foreign company
B. a reciprocal company
C. a domestic company
D. an alien company - ANSWER-A
Which of the following persons is authorized to enforce state
insurance laws?
, A. The Insurance Commissioner
B. The state Attorney General
C. The Governor
D. The state Auditor - ANSWER-A
The Insurance Commissioner may examine the records of an
insurer at which of
the following
times?
A.Only when a state court has ordered an
examination
B.Only when consumer complaints against the company
become unusually
frequent
C.Only when the company is filing for
reorganization
D.At any time the Insurance Commissioner sees fit -
ANSWER-D
Which of the following statements is CORRECT about Medicare
Supplement coverage?
A.Both members of a married couple must be at least sixty-five
years old for either to obtain coverage.
