CHAPTER 11 – XCEL EXAM 2025
QUESTIONS AND ANSWERS
If there is suspicion of an unauthorized person engaging in insurance business without being
licensed. - ANS When may the commissioner issue an emergency cease and desist order?
Reviewing and approving license applications - ANS Which of the following is a duty of the
commissioner?
The licensee's total premiums on controlled business exceeded the total premiums on all other
business. - ANS A license is deemed to be used for controlled business if during any 12-
month period...
Selling prepaid legal services - ANS Licensing is required for all of the following except.
It's never okay - ANS In Colorado, which of the following is true regarding the commingling of
an insured'd funds with the funds of the producer?
Corporate executive - ANS Who is not eligible to receive commissions from the sale of an
insurance product?
Describing a universal life policy as a security. - ANS Which of the following is an example of
misrepresentation?
receive a certificate of authority from Colorado - ANS If an insurer is authorized to conduct
business in another state and wishes to conduct business in Colorado, it must..
1 @COPYRIGHT THEBRIGHT 2025/2026
, Certificates - ANS Which of the following documents are not required to mention the
Colorado Fraud Statute
10,000 - ANS What is the maximum amount the commissioner can fine an insurer for each
violation of a cease and desist order?
A non-admitted insurer - ANS A company that has not been authorized to operate in
Colorado is known as
30 days - ANS An insurer that terminates a producer's appointment must inform the
Commissioner within how many days?
replacement - ANS In Colorado, all of the following are considered unfair trade practices
except
100 hours of prelicensing education - ANS To be licensed to sell life, accident, and health
insurance in Colorado, an applicant must complete...
A relationship of special trust and confidence when a person is entrusted with another's funds -
ANS A fiduciary responsibility is defined as
defamation - ANS Circulation of a maliciously critical statement about an insurer's financial
condition meant to damage the insurer's reputation or business is called...
The replacing insurer must maintain copies of all records regarding replacement for at lease 5
years. - ANS Which of the following statements is true regarding the replacement of a life
insurance policy in Colorado?
2 @COPYRIGHT THEBRIGHT 2025/2026
QUESTIONS AND ANSWERS
If there is suspicion of an unauthorized person engaging in insurance business without being
licensed. - ANS When may the commissioner issue an emergency cease and desist order?
Reviewing and approving license applications - ANS Which of the following is a duty of the
commissioner?
The licensee's total premiums on controlled business exceeded the total premiums on all other
business. - ANS A license is deemed to be used for controlled business if during any 12-
month period...
Selling prepaid legal services - ANS Licensing is required for all of the following except.
It's never okay - ANS In Colorado, which of the following is true regarding the commingling of
an insured'd funds with the funds of the producer?
Corporate executive - ANS Who is not eligible to receive commissions from the sale of an
insurance product?
Describing a universal life policy as a security. - ANS Which of the following is an example of
misrepresentation?
receive a certificate of authority from Colorado - ANS If an insurer is authorized to conduct
business in another state and wishes to conduct business in Colorado, it must..
1 @COPYRIGHT THEBRIGHT 2025/2026
, Certificates - ANS Which of the following documents are not required to mention the
Colorado Fraud Statute
10,000 - ANS What is the maximum amount the commissioner can fine an insurer for each
violation of a cease and desist order?
A non-admitted insurer - ANS A company that has not been authorized to operate in
Colorado is known as
30 days - ANS An insurer that terminates a producer's appointment must inform the
Commissioner within how many days?
replacement - ANS In Colorado, all of the following are considered unfair trade practices
except
100 hours of prelicensing education - ANS To be licensed to sell life, accident, and health
insurance in Colorado, an applicant must complete...
A relationship of special trust and confidence when a person is entrusted with another's funds -
ANS A fiduciary responsibility is defined as
defamation - ANS Circulation of a maliciously critical statement about an insurer's financial
condition meant to damage the insurer's reputation or business is called...
The replacing insurer must maintain copies of all records regarding replacement for at lease 5
years. - ANS Which of the following statements is true regarding the replacement of a life
insurance policy in Colorado?
2 @COPYRIGHT THEBRIGHT 2025/2026
