COLORADO PROPERTY INSURANCE
EXAM 2025 QUESTIONS AND ANSWERS
When a Homeowner's insurance policy is cancelled for nonpayment of premium, how many
days' notice must be provided to the insured?
a) 10
b) 20
c) 30
d) 45 - ANS 10
Under the CO Fraudulent Claims and Arson Information Reporting Act, no person or authorized
agency may:
a) make statements or serve as a witness when reporting suspected arson cases
b) intentionally withhold relevant information requested by an authorized agency
c) disclose any material information to a law enforcement officer
d) participate in a criminal proceeding against an insured who is suspected of arson -
ANS Intentionally withhold relevant information requested by an authorized agency
An insurer may not cancel or refuse to renew a homeowner's insurance policy unless the
insurer gives the insured at least how many days' advance notice?
a) 10
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b) 30
@COPYRIGHT THESTAR 2025/2026
, c) 45
d) 90 - ANS 30
Which of the following statements regarding insurance and loans secured by real property is
CORRECT?
a) A lender may require a borrower who has a loan secured by real property to provide
property insurance greater than the replacement value of the property
b) A lender may not require a borrower who has a loan secured by real property to provide to
provide property insurance in excess of the replacement value of the property
c) It is up to the borrower to determine the amount of insurance
d) The Lender has no restrictions on the amount of property insurance it may require a
borrower to purchase - ANS A lender may not require a borrower who has a loan secured by
real property to provide insurance in excess of the replacement value of the property
What should an insurer do if it suspects that a fire causing a loss to its insured property may
have been caused by arson?
a)notify an authorized agency to have the fire loss or claim investigated
b) investigate the fire itself
c) require the insured to pay for an investigation
d) cancel the insured's policy and refuse to issue a new one - ANS notify an authorized
agency to have the fire loss or claim investigated
Under the Fraudulent Claims and Arson Information Reporting Act, which of the following is
considered an authorized agency?
a) an insurance agency authorized to transact insurance business in Colorado
b) an insurance agency in which all employees are licensed
2
Page
c) The Colorado Bureau of Investigation
@COPYRIGHT THESTAR 2025/2026
EXAM 2025 QUESTIONS AND ANSWERS
When a Homeowner's insurance policy is cancelled for nonpayment of premium, how many
days' notice must be provided to the insured?
a) 10
b) 20
c) 30
d) 45 - ANS 10
Under the CO Fraudulent Claims and Arson Information Reporting Act, no person or authorized
agency may:
a) make statements or serve as a witness when reporting suspected arson cases
b) intentionally withhold relevant information requested by an authorized agency
c) disclose any material information to a law enforcement officer
d) participate in a criminal proceeding against an insured who is suspected of arson -
ANS Intentionally withhold relevant information requested by an authorized agency
An insurer may not cancel or refuse to renew a homeowner's insurance policy unless the
insurer gives the insured at least how many days' advance notice?
a) 10
1
Page
b) 30
@COPYRIGHT THESTAR 2025/2026
, c) 45
d) 90 - ANS 30
Which of the following statements regarding insurance and loans secured by real property is
CORRECT?
a) A lender may require a borrower who has a loan secured by real property to provide
property insurance greater than the replacement value of the property
b) A lender may not require a borrower who has a loan secured by real property to provide to
provide property insurance in excess of the replacement value of the property
c) It is up to the borrower to determine the amount of insurance
d) The Lender has no restrictions on the amount of property insurance it may require a
borrower to purchase - ANS A lender may not require a borrower who has a loan secured by
real property to provide insurance in excess of the replacement value of the property
What should an insurer do if it suspects that a fire causing a loss to its insured property may
have been caused by arson?
a)notify an authorized agency to have the fire loss or claim investigated
b) investigate the fire itself
c) require the insured to pay for an investigation
d) cancel the insured's policy and refuse to issue a new one - ANS notify an authorized
agency to have the fire loss or claim investigated
Under the Fraudulent Claims and Arson Information Reporting Act, which of the following is
considered an authorized agency?
a) an insurance agency authorized to transact insurance business in Colorado
b) an insurance agency in which all employees are licensed
2
Page
c) The Colorado Bureau of Investigation
@COPYRIGHT THESTAR 2025/2026
