Colorado Health exam with answers
How often will the Commissioner examine domestic insurers in this state?- Answers✔✔🔰
Every 5 years
Which of the following reasons would allow a small employer carrier to terminate or fail to
renew its contract or agreement with a producer?- Answers✔✔🔰Failure to pay premiums
An individual seeking a license to sell insurance must complete a prelicensing program that
includes how many hours pertaining specifically to state laws related to the line of
authority?- Answers✔✔🔰4 hours
All of the following are regulations for producers using an assumed name EXCEPT
a)The name may not be identical to the name of a producer whose license has been revoked.
b)The name must be registered with the Commissioner.
c)The name must not be misleading to the public.
d)The name may be similar to another name currently on file.- Answers✔✔🔰The name
may be similar to another name currently on file.
An insurer must process a clean electronically submitted health claim within-
Answers✔✔🔰30 days.
A producer is required to remit premiums from a trust account to the insurer within how
many days of receipt?- Answers✔✔🔰45 days
A Medicare supplement must have a free–look period of at least- Answers✔✔🔰30 days.
, What is the initial period of time specified in a disability income policy that must pass, after
the policy is in force, before a loss can be covered?- Answers✔✔🔰Probationary period
An insured is involved in an accident that renders him permanently deaf, although he does
not sustain any other major injuries. The insured is still able to perform his current job. To
what extent will he receive Presumptive Disability benefits?- Answers✔✔🔰Full benefits
The provision which prevents the insured from bringing any legal action against the
company for at least 60 days after proof of loss is known as- Answers✔✔🔰Legal actions.
Contracts that are prepared by one party and submitted to the other party on a take–it–or–
leave–it basis are classified as- Answers✔✔🔰Contracts of adhesion.
Is Routine Dental care provided under part B insurance?- Answers✔✔🔰No
An HSA holder who is 65 years old decides to use the money in the account for a nonhealth
expense. Which of the following is true?- Answers✔✔🔰There will be a tax.
Which of the following is NOT a feature of a noncancellable policy?
a)The guarantee to renew coverage usually applies until the insured reaches certain age.
b)The insured has the right to renew the policy for the life of the contract.
c)The insurer may terminate the contract only at renewal for certain conditions.
d)The premiums cannot be increased beyond the amount stated in the policy.-
Answers✔✔🔰c) The insurer may terminate the contract only at renewal for certain
conditions.
An individual is insured under his employer's group Disability Income policy. The insured
suffered an accident while on vacation that left him unable to work for 4 months. If the
disability income policy pays the benefit, which of the following would be true?
How often will the Commissioner examine domestic insurers in this state?- Answers✔✔🔰
Every 5 years
Which of the following reasons would allow a small employer carrier to terminate or fail to
renew its contract or agreement with a producer?- Answers✔✔🔰Failure to pay premiums
An individual seeking a license to sell insurance must complete a prelicensing program that
includes how many hours pertaining specifically to state laws related to the line of
authority?- Answers✔✔🔰4 hours
All of the following are regulations for producers using an assumed name EXCEPT
a)The name may not be identical to the name of a producer whose license has been revoked.
b)The name must be registered with the Commissioner.
c)The name must not be misleading to the public.
d)The name may be similar to another name currently on file.- Answers✔✔🔰The name
may be similar to another name currently on file.
An insurer must process a clean electronically submitted health claim within-
Answers✔✔🔰30 days.
A producer is required to remit premiums from a trust account to the insurer within how
many days of receipt?- Answers✔✔🔰45 days
A Medicare supplement must have a free–look period of at least- Answers✔✔🔰30 days.
, What is the initial period of time specified in a disability income policy that must pass, after
the policy is in force, before a loss can be covered?- Answers✔✔🔰Probationary period
An insured is involved in an accident that renders him permanently deaf, although he does
not sustain any other major injuries. The insured is still able to perform his current job. To
what extent will he receive Presumptive Disability benefits?- Answers✔✔🔰Full benefits
The provision which prevents the insured from bringing any legal action against the
company for at least 60 days after proof of loss is known as- Answers✔✔🔰Legal actions.
Contracts that are prepared by one party and submitted to the other party on a take–it–or–
leave–it basis are classified as- Answers✔✔🔰Contracts of adhesion.
Is Routine Dental care provided under part B insurance?- Answers✔✔🔰No
An HSA holder who is 65 years old decides to use the money in the account for a nonhealth
expense. Which of the following is true?- Answers✔✔🔰There will be a tax.
Which of the following is NOT a feature of a noncancellable policy?
a)The guarantee to renew coverage usually applies until the insured reaches certain age.
b)The insured has the right to renew the policy for the life of the contract.
c)The insurer may terminate the contract only at renewal for certain conditions.
d)The premiums cannot be increased beyond the amount stated in the policy.-
Answers✔✔🔰c) The insurer may terminate the contract only at renewal for certain
conditions.
An individual is insured under his employer's group Disability Income policy. The insured
suffered an accident while on vacation that left him unable to work for 4 months. If the
disability income policy pays the benefit, which of the following would be true?
