COLORADO HEALTH LATEST
INSURANCE EXAM
QUESTIONS AND
ANSWERS 2026 - 2027
Which of the following provisions would prevent an insurance
company from paying a reimbursement claim to someone other than
the policyowner?
A. Payment of Claims
B. Entire Contract Clause
C. Change of beneficiary
D. Proof of Loss
A
An insured is receiving hospice care. His insurer will pay for
painkillers but not for an operation to reduce the size of a tumor.
What term best fits this arrangement?
A. Claims Saving
B. Selective Coverage
C. Limited Coverage
D. Cost-containment
D
END OF
PAGE
1
, COLORADO HEALTH LATEST
INSURANCE EXAM
QUESTIONS AND
ANSWERS 2026 - 2027
An insured pays her Major Medical Insurance Premium annually
on March 1. Last March she forgot to mail her premium to the
company. On March 19, she had an accident and broker her leg.
The insurance company would
A. Deny the claim.
B. Pay half of her claim because the insured had an outstanding
premium.
C. Pay the claim.
D. Hold the claim as pending until the end of the grace period.
C
All of the following would be qualified as a dependent under a
Dependent Care Flexible Spending Account, EXCEPT
A. Pete is severely autistic and refuses to take care of his own
personal needs, which are taken care of by his father
B. Joe was paralyzed from the neck down in a car accident and is
cared for by his wife
C. Matt must be constantly watched due to his violent muscle
spasms which often lead to Matt injuring himself
D. Jeremy had to have both legs amputated, but has learned how to
take care of himself to get around in a wheelchair
END OF
PAGE
2
, COLORADO HEALTH LATEST
INSURANCE EXAM
QUESTIONS AND
ANSWERS 2026 - 2027
D
COBRA applies to employers with at least
A. 80 employees
B. 50 employees
C. 60 employees
D. 20 employees
D
What phase begins after a new policy is delivered?
A. Insurability period
B. Elimination period
C. Free-look period
D. Grace period
C
When an insured purchased her disability income policy, she
misstated her age to the agent. She told the agent that she was 30
years old, when in fact, she was 37. If the policy contains the
optional misstatement of age provision,
A. Because the misstatement occurred more than 2 years ago, it has
END OF
PAGE
3
INSURANCE EXAM
QUESTIONS AND
ANSWERS 2026 - 2027
Which of the following provisions would prevent an insurance
company from paying a reimbursement claim to someone other than
the policyowner?
A. Payment of Claims
B. Entire Contract Clause
C. Change of beneficiary
D. Proof of Loss
A
An insured is receiving hospice care. His insurer will pay for
painkillers but not for an operation to reduce the size of a tumor.
What term best fits this arrangement?
A. Claims Saving
B. Selective Coverage
C. Limited Coverage
D. Cost-containment
D
END OF
PAGE
1
, COLORADO HEALTH LATEST
INSURANCE EXAM
QUESTIONS AND
ANSWERS 2026 - 2027
An insured pays her Major Medical Insurance Premium annually
on March 1. Last March she forgot to mail her premium to the
company. On March 19, she had an accident and broker her leg.
The insurance company would
A. Deny the claim.
B. Pay half of her claim because the insured had an outstanding
premium.
C. Pay the claim.
D. Hold the claim as pending until the end of the grace period.
C
All of the following would be qualified as a dependent under a
Dependent Care Flexible Spending Account, EXCEPT
A. Pete is severely autistic and refuses to take care of his own
personal needs, which are taken care of by his father
B. Joe was paralyzed from the neck down in a car accident and is
cared for by his wife
C. Matt must be constantly watched due to his violent muscle
spasms which often lead to Matt injuring himself
D. Jeremy had to have both legs amputated, but has learned how to
take care of himself to get around in a wheelchair
END OF
PAGE
2
, COLORADO HEALTH LATEST
INSURANCE EXAM
QUESTIONS AND
ANSWERS 2026 - 2027
D
COBRA applies to employers with at least
A. 80 employees
B. 50 employees
C. 60 employees
D. 20 employees
D
What phase begins after a new policy is delivered?
A. Insurability period
B. Elimination period
C. Free-look period
D. Grace period
C
When an insured purchased her disability income policy, she
misstated her age to the agent. She told the agent that she was 30
years old, when in fact, she was 37. If the policy contains the
optional misstatement of age provision,
A. Because the misstatement occurred more than 2 years ago, it has
END OF
PAGE
3
