Insurance

Uninsured/Underinsured Motorist coverage in Colorado is?

Insurers must give at least ___ days' advance notice when canceling or non-renewing a personal auto policy.

If an auto policy is being cancelled for nonpayment of premium, ____ days' advance written notice is required.

The producer and insurer must maintain adequate evidence of the insured's consent to additional optional coverage for ___ years.

Insurers may not cancel or refuse to renew a Homeowners policy unless the insurer mails a notice of it intended action that specifically states the reasons at least ____ days in advance.

When cancellation is for nonpayment of premium, an insurer must give at least ____ days' notice of cancellation, accompanied by the reason.

The insurer may not use credit information unless, no later than ___ months after the insurer obtained current information for the consumer, the insurer recalculates the consumer's insurance score or obtains an updated credit report.

Insureds may request that insurers pull their credit reports ____ and re-underwrite and rerate the policy based on the current information.

If the insurer receives notice that the credit information of a current insured was incorrect or incomplete, the insurer must re-underwrite and rerate the consumer within ___ days of receiving that notice.

Other than nonpayment of premium, commercial insurance policies may not be canceled unless the insurer gives ___ days' notice.

Producers must remit premium from the insured to the insurer within __ days of receipt.

All returned premiums received by producers from insurers who decline to write a new application must be returned to the applicant within ___ days.

Individual and agency producers must notify the Commissioner, in writing, of any change of name or address within ___ days.

The Commissioner must audit all admitted insurance companies at least once every ___ years.

If an insurer violates a cease and desist order, the Insurance Commissioner may fine the insurer _____ for each and every act.

If a producer violates a cease and desist order, the Insurance Commissioner may fine the producer ____ for each and every act.

New licensees do not need to comply with continuing education requirements until their ____ renewal.

Producer licenses are due to be renewed at the end of the month of their birthday in the _____ year after date of issuance.

Producers must obtain ___ hours of continuing education credits every ___ years, ____ hours of which must be ethics.

Multi-lines producers (those who have both L&H and P&C licenses) do not need to report ____ hours of CE per license - it is a TOTAL of ____ hours every ___ years.

Property producers, as well as Personal Lines producers, must complete ___ hours of Homeowners Insurance Coverage CE within the ___ required CE hours.

The maximum coverage permitted under the regular NFIP program is ____ for a single family home.

The ____ was created specifically for older homes.

_____ does not cover common area buildings.

On ____ policy, contents coverage is named perils.

____ are property policies issued to tenants to cover contents extend coverage to losses caused by a covered peril to improvements, alterations and additions made to the described location at the tenant's expense.

In the ___ special form policy, theft of personal property of a resident employee is covered.

____ is all-risk on a dwelling, but named peril on its contents.

____ is named peril on both the dwelling and contents.

An HO policy covers contents in full while moving, for up to ___ days.

Section II (liability) provides additional coverage for damage to the property of others up to ____ per occurrence.

All HO policies exclude coverage for all of the following EXCEPT:

The most a policy will pay under the liability section is known as the ____ of liability.

All HO policies are package policies combining ____ and _____ coverages.

When a dwelling policy is referred to as ____ , it is referring to the Dwelling Property Broad Form Policy.

Although the ____ Basic Form does not provide coverage for trees, shrubs, plants and lawns, both the ____ and ____ do.

The ____ policy will provide the same coverage as the ____ for personal property coverage, should coverage for contents be declared.

On a ____ broad form, Coverage B (other structures) is in addition to other coverage limits.

On the dwelling broad form _____ building structures (Coverage A and B) are written with an 80% coinsurance requirement.

A ____ Broad Form Policy is named perils on both the dwelling and the contents.

The Extended Coverage Endorsement is added to the Standard Fire Policy to create the ____.

The ____ basic form does not provide additional living expense under coverage D; only fair rental value is provided.

The Basic dwelling form ____ is a named or specified peril policy.

DP policies do not cover breakage of glass after ____ days of vacancy.

The following are parts of a policy EXCEPT:

The limits of liability are found on the ____ page of the policy.

The ____ page of the policy describes the coverages provided.

The limits of liability are found on the ____ page of the policy.

The declarations list the following EXCEPT:

The exclusions list the ___ that are not covered.

The conditions list the obligations of both parties, the ____ and the ____.

Insurers who issue liability insurance must include at least ____ coverage for medical payments for bodily injury, sickness or disease resulting from the ownership, maintenance or use of a motor vehicle.

Insurers must keep a record of coverage rejection for at least ___ years after the date of the rejection.

The insurer or producer must maintain adequate evidence of the insured's consent for ___ years, and must record whether the optional or enhanced coverage was recommended by the insurer or producer and consented to by the insured and an explanation of why the coverage was changed.

In regards to TNC, coverage for incidents involving a driver during a prearranged ride must be at least _____ per occurrence.

No insurer can refuse to renew a policy unless the insurer or its agent mails or delivers to the named insured, at the address shown in the policy, at least ____ days' advance notice of its intention not to renew.

Cancellation for nonpayment of premium requires _____ days' advance notice to the insured. Other allowable reasons require ____ days' advance notice to the insured.

Any person who fails to comply with the regulations regarding HIV testing and limitations on disclosure of test results is guilty of a _____ and, upon conviction, may be subject to a fine between ____ and ____ , or imprisonment in the county jail from __ to ___ months, or both.

Any person in violation of the provision on defamation of other companies transacting insurance in this state is guilty of a misdemeanor and will be punished by a fine up to _____ or by imprisonment in the county jail up to _____ year(s), or by both.

In Colorado a producer's license will be deemed to have been, or intended to be, used for the purpose of writing controlled business, if during any _____ month period the aggregate amount of premiums on controlled business exceed the aggregate amount of premiums on all other insurance business of the applicant or licensee.

If, after a hearing, the Commissioner determines that a cease and desist order has been violated, the Commissioner may impose a civil penalty of ______ per violation against the violating person.

The insurance producer must retain a copy of the disclosure statement for not less than ____ years after completion of services and a copy will be available to the Commissioner upon request.

All premiums received (minus applicable commissions) must be remitted to the insurer within ____ days after receipt.

All returned premiums received from insurers or credited by insurers to the account of the licensee must be remitted to or credited to the account of the person entitled within ____ days after such receipt or credit.

The insurance producer must retain a copy of the disclosure statement for not less than ____ years after completion of services and a copy will be available to the Commissioner upon request.

Within ____ days after making the notification to the Commissioner, the insurer will mail a copy of the notification to the producer at the producer's last-known address for termination notification.

Within ____ days after the producer has received the original or additional notification, the producer may file written comments concerning the substance of the notification with the Commissioner in regards to the termination notification.

An insurer or authorized representative of the insurer that terminates employment with a producer must notify the Commissioner within ____ days following the effective date of the termination, using a format prescribed by the Commissioner.

It is the responsibility of the producer to maintain records sufficient to document successful completion of CE credit hours on a biennial basis. Supporting documentation must be maintained by the producer for ___ years following license continuation, and must be available for audit by the Division of Insurance or the Continuing Education Administrator. In no instance may a producer count as part of the ___ hours, a course taught by an immediate supervisor or employee of the producer acting in the capacity of supervisor or employee.

Individual and insurance agency producer licensees will inform the Commissioner in writing, in a form prescribed by the Commissioner, of any change of address within ____ days after the change.

It is the responsibility of the producer or business entity to report to the Commissioner any administrative action taken in another jurisdiction or by another governmental agency in this state within ____ days after the final disposition of the matter.

The producer is responsible for paying the continuation fee associated with the authority. If the insurance producer fails to meet the license continuation requirements, his or her license will be cancelled. The producer may reinstate the license within ____ year(s) after cancellation.

To renew a license, the producer must pay a renewal fee by the last day of his or her birth month during the ____ year after issuance of the license.

Afterwards, this fee will be due by the ____ day of the producer's birth month every ___ year(s).

The Commissioner will notify the producer of the requirements to continue the license ____ days prior to the month the license expires.

In Colorado, the required CE training must be completed within ____ months after the producer's license renewal date.

For continuing education requirements for producers in Colorado, up to ____ hours of instruction must be competed by attending CE courses or programs of instruction approved by the Commissioner.

For continuing education requirements for producers in Colorado, out of the 24 CE hours, ___ credit hours must be courses in ethics.

For continuing education requirements for producers in Colorado, for producer authorized to sell property or personal lines insurance, at least ____ hours must be for courses in homeowners insurance coverage.

For continuing education requirements for producers in Colorado, at least ___ of the 24 credit hours must be in approved courses in the authorities for which the producer is licensed.

For continuing education requirements for producers in Colorado, up to ____ CE hours may be carried over to the next licensing period if completed within ____ days before the license continuation date.

For continuing education requirements for producers in Colorado, if a producer holds more than ____ license(s) in this state, the required CE hours must be completed within ____ months after the date of the first license renewal.

For continuing education requirements for producers in Colorado, for good reason shown, the Commissioner may grant an _____ of time, up to ____ year(s), within which to comply with the requirements of this regulation.

A nonresident producer who moves from one state to another state or a resident producer who moves from this state to another state must file a change of address and provide certification from the new resident state within ____ days after the change of legal residence. No fee or license application is required.

Solicited and procured life insurance contracts on behalf of any society in a face amount of insurance not exceeding ____ in the preceding calendar year.

Applicants must receive certificates of completion before taking their licensing exams. These certificates are valid for ___ year(s) from the date of completion.

An individual seeking insurance producer licensure authority must complete at _____ hours of an approved prelicensing course or program for certification in their line of authority (Life, Health, Property, Casualty, Property and Casualty, or Personal Lines), including at least ____ hours pertaining specifically to insurance industry ethics and ____ hours pertaining specifically to state laws related to the line of authority.