10/24/24, 12:43 PM
Colorado Surplus Lines Test With Complete Solution
Terms in this set (21)
Not all surplus lines are subject to a False
diligent search. T/F
Each policy renewal is subject to a new True
diligent search. T/F
How often are surplus line producers Monthly, Due on 15th
required to submit an activity report?
Which surplus lines policies are required to All, and some might require additional disclosures if they are claims-made policies,
contain the nonadmitted disclosure automobile policies that do not provide statutory coverages and policies that are
statement? written with insurers that may not be eligible in CO
Only under specific situations, listed in Regulation 1-2-9. Also contains an exemption
Can producers charge fees?
for wholesale producers
If a risk has a home state of Colorado and 100% (Colorado Home State Rules)
exposures are located within the state, how
much of the surplus lines premium tax is
payable to Colorado?
If a risk has a home state of Colorado but 100% (Colorado Home State Rules)
has locations that are located in other
states and all locations are covered on a
nonadmitted policy that includes the
Colorado exposures how much of the
surplus lines premium tax is payable to
Colorado?
In the event that a risk has a home state of no tax shall be payable to Colorado but shall be remitted to the appropriate venue
Colorado but has no exposures in the (Colorado Home State Rules)
state, how much tax is payable to
Colorado?
If a risk has a home state of Colorado but No tax is payable to Colorado. All of surplus lines tax for that location(s) shall be
has a separate location(s), covered by a paid to the state in which the location is situated. (Colorado Home State Rules)
separate non admitted policy, in another
Colorado Surplus Lines Test
state(s) how much of the tax is payable to
Colorado?
1/2
Colorado Surplus Lines Test With Complete Solution
Terms in this set (21)
Not all surplus lines are subject to a False
diligent search. T/F
Each policy renewal is subject to a new True
diligent search. T/F
How often are surplus line producers Monthly, Due on 15th
required to submit an activity report?
Which surplus lines policies are required to All, and some might require additional disclosures if they are claims-made policies,
contain the nonadmitted disclosure automobile policies that do not provide statutory coverages and policies that are
statement? written with insurers that may not be eligible in CO
Only under specific situations, listed in Regulation 1-2-9. Also contains an exemption
Can producers charge fees?
for wholesale producers
If a risk has a home state of Colorado and 100% (Colorado Home State Rules)
exposures are located within the state, how
much of the surplus lines premium tax is
payable to Colorado?
If a risk has a home state of Colorado but 100% (Colorado Home State Rules)
has locations that are located in other
states and all locations are covered on a
nonadmitted policy that includes the
Colorado exposures how much of the
surplus lines premium tax is payable to
Colorado?
In the event that a risk has a home state of no tax shall be payable to Colorado but shall be remitted to the appropriate venue
Colorado but has no exposures in the (Colorado Home State Rules)
state, how much tax is payable to
Colorado?
If a risk has a home state of Colorado but No tax is payable to Colorado. All of surplus lines tax for that location(s) shall be
has a separate location(s), covered by a paid to the state in which the location is situated. (Colorado Home State Rules)
separate non admitted policy, in another
Colorado Surplus Lines Test
state(s) how much of the tax is payable to
Colorado?
1/2
