COLORADO LIFE & HEALTH INSURANCE STATE LAW
SUPPLEMENT PRACTICE EXAM
What is the maximum amount the commissioner can fine an insurer for each violation of
a cease-and-desist order? - Answers -$10,000
When appropriate the commissioner reports a violation of insurance law to - Answers -
The district attorney
A company that has not been authorized to operate in Colorado is known as - Answers -
A nonadmitted insurer
An insurer that terminates the producers appointment must inform the commissioner
within how many days? - Answers -30
All of the following are duties of the commissioner except: a. keeping records of the
insurers that he has examined b. adopting rules and regulations c. writing insurance
laws d. submitting an annual report to the General assembly - Answers -See. Writing
insurance laws
When an insurer terminates a producer's appointment, the insurer must notify - Answers
-The commissioner and producer
An insurance producer who solicits insurance on behalf of an insurer represents the -
Answers -Insurer
The commissioner may... - Answers -Conduct investigations and subpoena witnesses
whenever he deems it necessary
The commissioner gives approval to an insurer to do business in Colorado in a
certificate of - Answers -Authority
Which of the following is not a problem when existing life insurance is replaced with new
coverage? - Answers -B. Comprehensive coverage may increase under the new policy.
When an employee's coverage terminates under a group health policy, the employee
must be offered continuation coverage for: - Answers -18 months
Accident and health policies that provide coverage on an expense incurred basis for a
family member of the insured: - Answers -Must cover a newborn child from the moment
of birth
, An individual accident and health policy whose premiums are paid on a quarterly basis,
without any subsidy assistance, must contain a grace period of at least how many
days? - Answers -31
Which of the following coverage exclusions or limitations is permitted under a long-term
care policy issued in Colorado? A. Pre-existing conditions B. Alzheimer's disease C.
Senile dementia D. Parkinson's disease - Answers -Pre-existing conditions
All accident and health policies issued in Colorado they provide a major medical
services must offer policyholders the opportunity to purchase: a. Disability coverage B.
Double indemnity coverage C. Home health care coverage D. Supplemental coverage -
Answers -C. Home health care coverage
Which of the following is not considered an essential health benefit? A. Emergency
services B. Long term care services C. Maternity and newborn care D. Prescription
drugs - Answers -B. Long-term care services
An insurer providing group health coverage may not be required to issue a converted
policy to: - Answers -Anyone covered by Medicare
Which of the following statements about a Medicare supplement policy is correct: a. The
insurer may cancel it on the grounds of the insured's health status alone. B. The insurer
may cancel it because the insured has not paid the premiums C. It can indemnify
against losses resulting from sickness on a different bases from claims resulting from
accidents D. The insurer may cancel it on the grounds of the insured's geographic
location - Answers -B. The insurer may cancel it because the insured has not paid the
premiums
An insurance policy that increases benefits to keep up with anticipated cost increases
for long-term care services is said to have: - Answers -Inflation protection
How often must an individual accident and health insurance policy pay for the
mammograms of a 56-year-old Colorado woman? - Answers -Once every year
Suppose that an insurance producer urges an elderly applicant to buy a second
Medicare supplement policy just to be sure our potential medical expenses are covered.
This sale is: - Answers -Prohibited because the sale of a supplement which will provide
a person with more than one Medicare supplement is illegal
Long-term care policies can limit or exclude coverage for all of the following
circumstances except: A. Pre-existing conditions or diseases B. Family history of heart
condition before the effective date of coverage C. Treatment provided in a government
facility which is not required by law D. Services provided by a member of the insured's
family - Answers -Family history of heart condition before the effective date of coverage
SUPPLEMENT PRACTICE EXAM
What is the maximum amount the commissioner can fine an insurer for each violation of
a cease-and-desist order? - Answers -$10,000
When appropriate the commissioner reports a violation of insurance law to - Answers -
The district attorney
A company that has not been authorized to operate in Colorado is known as - Answers -
A nonadmitted insurer
An insurer that terminates the producers appointment must inform the commissioner
within how many days? - Answers -30
All of the following are duties of the commissioner except: a. keeping records of the
insurers that he has examined b. adopting rules and regulations c. writing insurance
laws d. submitting an annual report to the General assembly - Answers -See. Writing
insurance laws
When an insurer terminates a producer's appointment, the insurer must notify - Answers
-The commissioner and producer
An insurance producer who solicits insurance on behalf of an insurer represents the -
Answers -Insurer
The commissioner may... - Answers -Conduct investigations and subpoena witnesses
whenever he deems it necessary
The commissioner gives approval to an insurer to do business in Colorado in a
certificate of - Answers -Authority
Which of the following is not a problem when existing life insurance is replaced with new
coverage? - Answers -B. Comprehensive coverage may increase under the new policy.
When an employee's coverage terminates under a group health policy, the employee
must be offered continuation coverage for: - Answers -18 months
Accident and health policies that provide coverage on an expense incurred basis for a
family member of the insured: - Answers -Must cover a newborn child from the moment
of birth
, An individual accident and health policy whose premiums are paid on a quarterly basis,
without any subsidy assistance, must contain a grace period of at least how many
days? - Answers -31
Which of the following coverage exclusions or limitations is permitted under a long-term
care policy issued in Colorado? A. Pre-existing conditions B. Alzheimer's disease C.
Senile dementia D. Parkinson's disease - Answers -Pre-existing conditions
All accident and health policies issued in Colorado they provide a major medical
services must offer policyholders the opportunity to purchase: a. Disability coverage B.
Double indemnity coverage C. Home health care coverage D. Supplemental coverage -
Answers -C. Home health care coverage
Which of the following is not considered an essential health benefit? A. Emergency
services B. Long term care services C. Maternity and newborn care D. Prescription
drugs - Answers -B. Long-term care services
An insurer providing group health coverage may not be required to issue a converted
policy to: - Answers -Anyone covered by Medicare
Which of the following statements about a Medicare supplement policy is correct: a. The
insurer may cancel it on the grounds of the insured's health status alone. B. The insurer
may cancel it because the insured has not paid the premiums C. It can indemnify
against losses resulting from sickness on a different bases from claims resulting from
accidents D. The insurer may cancel it on the grounds of the insured's geographic
location - Answers -B. The insurer may cancel it because the insured has not paid the
premiums
An insurance policy that increases benefits to keep up with anticipated cost increases
for long-term care services is said to have: - Answers -Inflation protection
How often must an individual accident and health insurance policy pay for the
mammograms of a 56-year-old Colorado woman? - Answers -Once every year
Suppose that an insurance producer urges an elderly applicant to buy a second
Medicare supplement policy just to be sure our potential medical expenses are covered.
This sale is: - Answers -Prohibited because the sale of a supplement which will provide
a person with more than one Medicare supplement is illegal
Long-term care policies can limit or exclude coverage for all of the following
circumstances except: A. Pre-existing conditions or diseases B. Family history of heart
condition before the effective date of coverage C. Treatment provided in a government
facility which is not required by law D. Services provided by a member of the insured's
family - Answers -Family history of heart condition before the effective date of coverage
