Colorado Licensing Rules /
Regulations Questions with Accurate
Answers
Applicant's min age complete pre-licensing education requirement. Pass the licensing exam/ Pay
required licensing fee correct answer Age 18
Producer's time to notify the DOI of name or address change correct answer 30 days
A producer license is not required of a fraternal benefit society representative if the representative did
not receive sales compensation and: In the preceding calendar year, the representative sold the society
life insurance contracts w a face amount of $_____ or less; OR sold any other kind of insurance on
behalf of the society to _____ or fewer individuals and received no compensation from these policies
correct answer $50,
Number of required Pre-licensing Education Hours P&C Insurance Producer correct answer 50 hours
Number of required Pre-Licensing Education Hours -- of each 50 hour course ____ hours must cover
industry ethics correct answer 3 hours
Appt Termination - When terminating a PRODUCER appt for cause, an insurer must inform the
Commissioner within _____ days of the termination correct answer 30
The INSURER has an additional ____ days to notify the PRODUCER of appointment termination correct
answer 15 DAYS
Within ____ days of notification the PRODUCER may file a written response w the Commissioner for
appt termination correct answer 30 days
Appointment Termination: The INSURER has an additional ______ days to notify the producer. correct
answer 15 days
, Appointment Termination: Within ____ days of notification, the PRODUCER may file a written response
with the Commissioner correct answer 30 days
FIDUCIARY: A PRODUCER must REMIT premiums to insurer within ____ days after the receipt correct
answer 45 days after the receipt
FIDUCIARY: A PRODUCER must RETURN all premiums to insured within ____ days correct answer 30
days
PRODUCER'S LICENSE RENEWAL PERIOD: The license may be continually renewed as long as the proper
fees are paid and continuing education requirements are met correct answer 2 years
CONTINUING EDUCATION: Requirements for each 2 year CE term correct answer 24 credit hours
CONTINUING EDUCATION: Number of hours required of ethics CE correct answer 3 hours in ethics
CONTINUING EDUCATION: Number of hours in the lines of insurance for which the PRODUCER is
licensed correct answer 18 hours
CONTINUING EDUCATION: Number of hours a property or personal lines producer must complete on
homeowners insurance coverage correct answer 3 hours
CONTINUING EDUCATION: Number of hours on subjects designated by the Commissioner correct
answer 6 hours
CONTINUING EDUCATION: Number of hours a producer can accumulate and apply to the next CE period
correct answer 12 hours
CONTINUING EDUCATION: Length of CE extension from the commissioner for good cause correct answer
1 year
Regulations Questions with Accurate
Answers
Applicant's min age complete pre-licensing education requirement. Pass the licensing exam/ Pay
required licensing fee correct answer Age 18
Producer's time to notify the DOI of name or address change correct answer 30 days
A producer license is not required of a fraternal benefit society representative if the representative did
not receive sales compensation and: In the preceding calendar year, the representative sold the society
life insurance contracts w a face amount of $_____ or less; OR sold any other kind of insurance on
behalf of the society to _____ or fewer individuals and received no compensation from these policies
correct answer $50,
Number of required Pre-licensing Education Hours P&C Insurance Producer correct answer 50 hours
Number of required Pre-Licensing Education Hours -- of each 50 hour course ____ hours must cover
industry ethics correct answer 3 hours
Appt Termination - When terminating a PRODUCER appt for cause, an insurer must inform the
Commissioner within _____ days of the termination correct answer 30
The INSURER has an additional ____ days to notify the PRODUCER of appointment termination correct
answer 15 DAYS
Within ____ days of notification the PRODUCER may file a written response w the Commissioner for
appt termination correct answer 30 days
Appointment Termination: The INSURER has an additional ______ days to notify the producer. correct
answer 15 days
, Appointment Termination: Within ____ days of notification, the PRODUCER may file a written response
with the Commissioner correct answer 30 days
FIDUCIARY: A PRODUCER must REMIT premiums to insurer within ____ days after the receipt correct
answer 45 days after the receipt
FIDUCIARY: A PRODUCER must RETURN all premiums to insured within ____ days correct answer 30
days
PRODUCER'S LICENSE RENEWAL PERIOD: The license may be continually renewed as long as the proper
fees are paid and continuing education requirements are met correct answer 2 years
CONTINUING EDUCATION: Requirements for each 2 year CE term correct answer 24 credit hours
CONTINUING EDUCATION: Number of hours required of ethics CE correct answer 3 hours in ethics
CONTINUING EDUCATION: Number of hours in the lines of insurance for which the PRODUCER is
licensed correct answer 18 hours
CONTINUING EDUCATION: Number of hours a property or personal lines producer must complete on
homeowners insurance coverage correct answer 3 hours
CONTINUING EDUCATION: Number of hours on subjects designated by the Commissioner correct
answer 6 hours
CONTINUING EDUCATION: Number of hours a producer can accumulate and apply to the next CE period
correct answer 12 hours
CONTINUING EDUCATION: Length of CE extension from the commissioner for good cause correct answer
1 year
