Colorado Life & Health Insurance State
Law Supplement Practice Exam
questions with correct answers 2025
WhatZisZtheZmaximumZamountZtheZcommissionerZcanZfineZanZinsurerZforZeachZviolationZofZaZcease-and-
desistZorder?Z-ZCORRECTZANSWERZ-$10,000
WhenZappropriateZtheZcommissionerZreportsZaZviolationZofZinsuranceZlawZtoZ-ZCORRECTZANSWERZ-
TheZdistrictZattorney
AZcompanyZthatZhasZnotZbeenZauthorizedZtoZoperateZinZColoradoZisZknownZasZ-ZCORRECTZANSWERZ-
AZnonadmittedZinsurer
AnZinsurerZthatZterminatesZtheZproducersZappointmentZmustZinformZtheZcommissionerZwithinZhowZmanyZ
days?Z-ZCORRECTZANSWERZ-30
AllZofZtheZfollowingZareZdutiesZofZtheZcommissionerZexcept:Za.ZkeepingZrecordsZofZtheZinsurersZthatZheZhasZ
examinedZb.ZadoptingZrulesZandZregulationsZc.ZwritingZinsuranceZlawsZd.ZsubmittingZanZannualZreportZtoZth
eZGeneralZassemblyZ-ZCORRECTZANSWERZ-See.ZWritingZinsuranceZlaws
WhenZanZinsurerZterminatesZaZproducer'sZappointment,ZtheZinsurerZmustZnotifyZ-ZCORRECTZANSWERZ-
TheZcommissionerZandZproducer
AnZinsuranceZproducerZwhoZsolicitsZinsuranceZonZbehalfZofZanZinsurerZrepresentsZtheZ-
ZCORRECTZANSWERZ-Insurer
TheZcommissionerZmay...Z-ZCORRECTZANSWERZ-
ConductZinvestigationsZandZsubpoenaZwitnessesZwheneverZheZdeemsZitZnecessary
TheZcommissionerZgivesZapprovalZtoZanZinsurerZtoZdoZbusinessZinZColoradoZinZaZcertificateZofZ-
ZCORRECTZANSWERZ-Authority
, InZColoradoZallZofZtheZfollowingZareZconsideredZunfairZtradeZpracticesZexcept:Za.ZMisrepresentationZb.ZReba
tingZc..ZReplacementZD.ZCoercionZ-ZCORRECTZANSWERZ-C.ZReplacement
AllZofZtheZfollowingZareZviolationsZofZColoradoZinsuranceZlawZexcept:Za.ZChargingZindividualsZofZtheZsameZcl
assZdifferentZpremiumZratesZb.ZOfferingZticketsZtoZaZfootballZgameZasZanZincentiveZtoZpurchaseZaZpolicyZc.ZIn
ZformingZaZnewZpolicyZholderZthatZhisZnewZpolicy,ZifZlapsedZforZnonpaymentZofZpremium,ZcouldZbeZreinstate
dZuponZreapplicationZd.ZHavingZanZarrangementZtoZsellZstockZtoZaZpersonZcontingentZuponZtheZpurchaseZofZ
anZannuityZ-ZCORRECTZANSWERZ-
C.ZInZformingZaZnewZpolicyZholderZthatZhisZnewZpolicy,ZifZlapsedZforZnonpaymentZofZpremium,ZcouldZbeZrein
statedZuponZreapplication
AllZofZtheZfollowingZinsuranceZpracticesZareZillegalZinZColoradoZexcept:ZA.ZSolicitingZorZprocuringZinsuranceZ
withoutZaZlicenseZB.ZPayingZaZfeeZforZservicesZasZanZinsuranceZproducerZtoZanyoneZwhoZisZnotZproperlyZlice
nsedZC.ZInquiringZaboutZanZapplicantZsexualZorientationZinZconnectionZwithZanZapplicationZD.ZReplacingZon
eZlifeZinsuranceZpolicyZwithZanotherZ-ZCORRECTZANSWERZ-
D.ZReplacingZoneZlifeZinsuranceZpolicyZwithZanother
HowZmanyZhoursZofZcontinuingZeducationZmustZbeZinZcoursesZassociatedZwithZtheZlinesZofZinsuranceZforZwh
ichZtheZproducerZisZlicensed?Z-ZCORRECTZANSWERZ-18
AllZofZtheZfollowingZareZexamplesZofZunfairZclaimsZsettlementZpracticesZexcept:ZA.ZPayingZtheZclaimZwithout
ZconductingZanZinvestigationZB.ZDenyingZaZclaimZpromptlyZbutZwithoutZexplainingZtheZcoverageZorZlawsZonZ
whichZtheZdenialZisZbasedZC.ZPayingZaZclaimZpromptlyZbutZwithoutZexplainingZtheZcoverageZorZlawsZonZwhic
hZtheZpaymentZisZbasedZD.ZDenyingZtheZclaimZwithoutZmakingZanZinvestigationZ-ZCORRECTZANSWERZ-
A.ZPayingZaZclaimZwithoutZconductingZanZinvestigation
AZproducerZhasZhowZmanyZdaysZtoZfileZaZwrittenZappealZtoZtheZcommissionerZafterZheZhasZbeenZterminated
ZbyZhisZappointingZinsurer?Z-ZCORRECTZANSWERZ-30
AZfraternalZbenefitZsocietyZrepresentativeZneedZnotZbeZlicensedZasZaZproducerZifZheZsellsZlifeZinsuranceZwith
ZtheZfaceZamountZequalZtoZorZlessZthan:Z-ZCORRECTZANSWERZ-50,000
ToZbeZlicensedZtoZsellZlife,ZaccidentZandZhealthZinsuranceZinZColorado,ZandZapplicantZmustZcomplete:Z-
ZCORRECTZANSWERZ-100ZhoursZofZpre-licensingZeducation
Law Supplement Practice Exam
questions with correct answers 2025
WhatZisZtheZmaximumZamountZtheZcommissionerZcanZfineZanZinsurerZforZeachZviolationZofZaZcease-and-
desistZorder?Z-ZCORRECTZANSWERZ-$10,000
WhenZappropriateZtheZcommissionerZreportsZaZviolationZofZinsuranceZlawZtoZ-ZCORRECTZANSWERZ-
TheZdistrictZattorney
AZcompanyZthatZhasZnotZbeenZauthorizedZtoZoperateZinZColoradoZisZknownZasZ-ZCORRECTZANSWERZ-
AZnonadmittedZinsurer
AnZinsurerZthatZterminatesZtheZproducersZappointmentZmustZinformZtheZcommissionerZwithinZhowZmanyZ
days?Z-ZCORRECTZANSWERZ-30
AllZofZtheZfollowingZareZdutiesZofZtheZcommissionerZexcept:Za.ZkeepingZrecordsZofZtheZinsurersZthatZheZhasZ
examinedZb.ZadoptingZrulesZandZregulationsZc.ZwritingZinsuranceZlawsZd.ZsubmittingZanZannualZreportZtoZth
eZGeneralZassemblyZ-ZCORRECTZANSWERZ-See.ZWritingZinsuranceZlaws
WhenZanZinsurerZterminatesZaZproducer'sZappointment,ZtheZinsurerZmustZnotifyZ-ZCORRECTZANSWERZ-
TheZcommissionerZandZproducer
AnZinsuranceZproducerZwhoZsolicitsZinsuranceZonZbehalfZofZanZinsurerZrepresentsZtheZ-
ZCORRECTZANSWERZ-Insurer
TheZcommissionerZmay...Z-ZCORRECTZANSWERZ-
ConductZinvestigationsZandZsubpoenaZwitnessesZwheneverZheZdeemsZitZnecessary
TheZcommissionerZgivesZapprovalZtoZanZinsurerZtoZdoZbusinessZinZColoradoZinZaZcertificateZofZ-
ZCORRECTZANSWERZ-Authority
, InZColoradoZallZofZtheZfollowingZareZconsideredZunfairZtradeZpracticesZexcept:Za.ZMisrepresentationZb.ZReba
tingZc..ZReplacementZD.ZCoercionZ-ZCORRECTZANSWERZ-C.ZReplacement
AllZofZtheZfollowingZareZviolationsZofZColoradoZinsuranceZlawZexcept:Za.ZChargingZindividualsZofZtheZsameZcl
assZdifferentZpremiumZratesZb.ZOfferingZticketsZtoZaZfootballZgameZasZanZincentiveZtoZpurchaseZaZpolicyZc.ZIn
ZformingZaZnewZpolicyZholderZthatZhisZnewZpolicy,ZifZlapsedZforZnonpaymentZofZpremium,ZcouldZbeZreinstate
dZuponZreapplicationZd.ZHavingZanZarrangementZtoZsellZstockZtoZaZpersonZcontingentZuponZtheZpurchaseZofZ
anZannuityZ-ZCORRECTZANSWERZ-
C.ZInZformingZaZnewZpolicyZholderZthatZhisZnewZpolicy,ZifZlapsedZforZnonpaymentZofZpremium,ZcouldZbeZrein
statedZuponZreapplication
AllZofZtheZfollowingZinsuranceZpracticesZareZillegalZinZColoradoZexcept:ZA.ZSolicitingZorZprocuringZinsuranceZ
withoutZaZlicenseZB.ZPayingZaZfeeZforZservicesZasZanZinsuranceZproducerZtoZanyoneZwhoZisZnotZproperlyZlice
nsedZC.ZInquiringZaboutZanZapplicantZsexualZorientationZinZconnectionZwithZanZapplicationZD.ZReplacingZon
eZlifeZinsuranceZpolicyZwithZanotherZ-ZCORRECTZANSWERZ-
D.ZReplacingZoneZlifeZinsuranceZpolicyZwithZanother
HowZmanyZhoursZofZcontinuingZeducationZmustZbeZinZcoursesZassociatedZwithZtheZlinesZofZinsuranceZforZwh
ichZtheZproducerZisZlicensed?Z-ZCORRECTZANSWERZ-18
AllZofZtheZfollowingZareZexamplesZofZunfairZclaimsZsettlementZpracticesZexcept:ZA.ZPayingZtheZclaimZwithout
ZconductingZanZinvestigationZB.ZDenyingZaZclaimZpromptlyZbutZwithoutZexplainingZtheZcoverageZorZlawsZonZ
whichZtheZdenialZisZbasedZC.ZPayingZaZclaimZpromptlyZbutZwithoutZexplainingZtheZcoverageZorZlawsZonZwhic
hZtheZpaymentZisZbasedZD.ZDenyingZtheZclaimZwithoutZmakingZanZinvestigationZ-ZCORRECTZANSWERZ-
A.ZPayingZaZclaimZwithoutZconductingZanZinvestigation
AZproducerZhasZhowZmanyZdaysZtoZfileZaZwrittenZappealZtoZtheZcommissionerZafterZheZhasZbeenZterminated
ZbyZhisZappointingZinsurer?Z-ZCORRECTZANSWERZ-30
AZfraternalZbenefitZsocietyZrepresentativeZneedZnotZbeZlicensedZasZaZproducerZifZheZsellsZlifeZinsuranceZwith
ZtheZfaceZamountZequalZtoZorZlessZthan:Z-ZCORRECTZANSWERZ-50,000
ToZbeZlicensedZtoZsellZlife,ZaccidentZandZhealthZinsuranceZinZColorado,ZandZapplicantZmustZcomplete:Z-
ZCORRECTZANSWERZ-100ZhoursZofZpre-licensingZeducation
