Colorado Life And Health Exam | Questions And Answers With Complete

How long must replacing insurers retain documents after policy expires/terminated {Ans: 5 years}Terminating an appointment {Ans: the commissioner must be notified in 30 days Insurer has 15 days to notify the producer}Replacing insurer must notify other insurers how many days after receiving application {Ans: 5 days}Inflation protection cannot be less than {Ans: 5%}Division of insurance inquiries must be answered in {Ans: 20 days}How long must insurers maintain files of advertisements {Ans: 5 years}If required, notification of birth and premium must be paid in how many days {Ans: 31 days}when does a certificate of authority expire {Ans: June 30th}Claims must be paid by insurers within {Ans: 60 days}A producer must return all premium to insured within {Ans: 30 days}Maximum preexisting exclusion period {Ans: 6 months}when do you report administrative actions {Ans: within 30 days}If no beneficiary, how much can the insurer pay the person who incurs funeral expenses {Ans: 5,000}Penalty for license denial, suspension, or revocation {Ans: 3,000}Open enrollment lasts how long after individual is 65 and is first enrolled in Medicare part B {Ans: 6 months}Prelicensing Requirements {Ans: 50 hours}How long is the annuity