Colorado Life and Health Exam | Questions and Answers with complete

when does a certificate of authority expire - June 30th when do you report administrative actions - within 30 days Penalty for license denial, suspension, or revocation - 3,000 Penalties for falsifying books/documents - maximum fine of 5,000 and between 2-12 months imprisonment Unfair Trade Practices and methods of competition fines - 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 - 60 days Violation of Cease and Desist orders - 500$ maximum for the individual 10,000 maximum for insurer Emergency cease and desist order fine - 25,000$ Minimum age for license - 18 Change of address must be reported in - 30 days Minimum hours required for industry ethics - 3 hoursPrelicensing Requirements -