Colorado state laws
an accident and health policy notice of claim provision requires that an insured give written notice to the insurer within a maximum of how many days after a loss
20 days
Which of the following definitions of disability would cover a permanent partial disability?
Presumptive disability
In an accidental death and dismemberment policy, the term "capital sum" refers to:
The monthly disability income paid if an insured loses a limb or the sight in one or both eyes
Which of the following health policies requires a beneficiary designation?
Travel Accident
An insurer can deny a claim under a long-term care insurance policy for any material misrepresentation made by the insured if it has been in effect for
fewer than 6 months
Upon request, when must the Colorado Supplement to the Summary of Benefits and Coverage Form be provided?
within 7 business days
An applicant for insurance submits an application to an insurer for underwriting but does not forward any premium payment with the application. Legally, the applicant is making:
an inquiry for an offer
An insured becomes disabled three years after his Disability Income policy is issued. The disability is caused by a condition that existed prior to the policy issue date, but was not excluded from coverage. In this situation, the insurer will most likely take which of the following actions?
pay the full claim
Which of the following provisions explains that a producer does not have the authority to waive the provisions of an insurance contract?
Entire Contract
The insurance policy clause that identifies the contracting parties and defines the scope and limits of coverage is called the:
Insuring clause
A fiduciary responsibility is defined as
a relationship of special trust and confidence when a person is entrusted with another's funds
An insurer must provide claim forms to an insured within a maximum of how many days after receiving notice of an accident and health claim?
fifteen
A license is deemed to be used for controlled business if...
the licensee's total premiums on controlled business exceeded the total premiums on all other business