COLORADO PROPERTY INSURANCE
(LATEST) QUESTIONS WITH CORRECT
ANSWERS GRADED A+
1 of
41
Ter
m
License suspension and revocation: Commissioner may
spend,
revoke, refuse to renew license if any of the following
illegal acts:
Give this one a try
later!
, The Commissioner may
That the agency's partners conduct a hearing if he
should have known about the believes any
violation and failed to report it person has engage in an unfair
method of competition or unfair
act
False statements, violations
of insurance laws,
Gov't official misrepresentation, fraud,
moral turpitude, unfair
practice, cheat, forgery
Don't know?
2 of 41
Term
If an insurer fails to give the appropriate amount of notice
prior to a premium increase on commercial policy, the
company is required to extend the policy for what
additional length of time?
a) 15 days
b) 30 days
c) 45 days
d) 1 year
Give this one a try later!
90 DAYS BEFORE THE DATE
THE POLICY IS WRITTEN
Agency
, 36 MONTHS FOLLOWING THE
LAST TIME the insurer obtained
info
Agency Contract 45 days
Don't know?
3 of 41
Term
SELF INSURANCE: Cert of Authority could be revoked for
Give this one a try later!
1) requiring HO to
provide defnesible space that the agency's partners should
around have known about the violation
structures and failed to report it
2) clean out debris and gutters
3) adding fire supression
system
1) insolvency
2) failure to submit
Gov't official annual report
3) compliance w exams
4) refusal of pay
5) hazard to public
Don't know?
4 of 41
, Term
Summary Disclosure Forms must be received at the time of:
(4 things)
Give this one a try later!
1) requiring HO to False statements, violations
provide defnesible space of insurance laws,
around misrepresentation, fraud,
structures moral turpitude, unfair
practice, cheat, forgery
2) clean out debris and gutters
3) adding fire supression
system
1) Purchase
2) renewal (changes
suspend, revoke the license in major coverages
of the insurance agency if and exclusions)
anyone should have known 3) Cancellation,
about it nonrenewal, premium
increase
4) Ho must receive annually
Don't know?
5 of 41
Term
The Commissioner may issue an emergency C&D order
without holding a hearing if:
Give this one a try later!
(LATEST) QUESTIONS WITH CORRECT
ANSWERS GRADED A+
1 of
41
Ter
m
License suspension and revocation: Commissioner may
spend,
revoke, refuse to renew license if any of the following
illegal acts:
Give this one a try
later!
, The Commissioner may
That the agency's partners conduct a hearing if he
should have known about the believes any
violation and failed to report it person has engage in an unfair
method of competition or unfair
act
False statements, violations
of insurance laws,
Gov't official misrepresentation, fraud,
moral turpitude, unfair
practice, cheat, forgery
Don't know?
2 of 41
Term
If an insurer fails to give the appropriate amount of notice
prior to a premium increase on commercial policy, the
company is required to extend the policy for what
additional length of time?
a) 15 days
b) 30 days
c) 45 days
d) 1 year
Give this one a try later!
90 DAYS BEFORE THE DATE
THE POLICY IS WRITTEN
Agency
, 36 MONTHS FOLLOWING THE
LAST TIME the insurer obtained
info
Agency Contract 45 days
Don't know?
3 of 41
Term
SELF INSURANCE: Cert of Authority could be revoked for
Give this one a try later!
1) requiring HO to
provide defnesible space that the agency's partners should
around have known about the violation
structures and failed to report it
2) clean out debris and gutters
3) adding fire supression
system
1) insolvency
2) failure to submit
Gov't official annual report
3) compliance w exams
4) refusal of pay
5) hazard to public
Don't know?
4 of 41
, Term
Summary Disclosure Forms must be received at the time of:
(4 things)
Give this one a try later!
1) requiring HO to False statements, violations
provide defnesible space of insurance laws,
around misrepresentation, fraud,
structures moral turpitude, unfair
practice, cheat, forgery
2) clean out debris and gutters
3) adding fire supression
system
1) Purchase
2) renewal (changes
suspend, revoke the license in major coverages
of the insurance agency if and exclusions)
anyone should have known 3) Cancellation,
about it nonrenewal, premium
increase
4) Ho must receive annually
Don't know?
5 of 41
Term
The Commissioner may issue an emergency C&D order
without holding a hearing if:
Give this one a try later!
