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Colorado Surplus Lines Test Questions
and Answers Latest 2026
Not all surplus lines are subject to a diligent search. T/F
Ans: False
Each policy renewal is subject to a new diligent search.
T/F Ans: True
How often are surplus line producers required to submit
an activity report? Ans: Monthly, Due on 15th
Which surplus lines policies are required to contain the
nonadmitted disclosure statement? Ans: All, and some
might require additional disclosures if they are claims-
made policies, automobile policies that do not provide
statutory coverages and policies that are written with
insurers that may not be eligible in CO
Can producers charge fees? Ans: Only under specific
situations, listed in Regulation 1-2-9. Also contains an
exemption for wholesale producers
If a risk has a home state of Colorado and exposures are
located within the state, how much of the surplus lines
premium tax is payable to Colorado? Ans: 100%
(Colorado Home State Rules)
If a risk has a home state of Colorado but has locations
that are located in other states and all locations are
© 2025 All rights reserved
Colorado Surplus Lines Test Questions
and Answers Latest 2026
Not all surplus lines are subject to a diligent search. T/F
Ans: False
Each policy renewal is subject to a new diligent search.
T/F Ans: True
How often are surplus line producers required to submit
an activity report? Ans: Monthly, Due on 15th
Which surplus lines policies are required to contain the
nonadmitted disclosure statement? Ans: All, and some
might require additional disclosures if they are claims-
made policies, automobile policies that do not provide
statutory coverages and policies that are written with
insurers that may not be eligible in CO
Can producers charge fees? Ans: Only under specific
situations, listed in Regulation 1-2-9. Also contains an
exemption for wholesale producers
If a risk has a home state of Colorado and exposures are
located within the state, how much of the surplus lines
premium tax is payable to Colorado? Ans: 100%
(Colorado Home State Rules)
If a risk has a home state of Colorado but has locations
that are located in other states and all locations are
© 2025 All rights reserved
