All of the following are duties of the commissioner except: a. keeping records of the insurers that 

he has examined b. adopting rules and regulations c. writing insurance laws d. submitting an 

annual report to the General assembly

See. Writing insurance laws

When an insurer terminates a producer's appointment, the insurer must notify

The commissioner and producer

An insurance producer who solicits insurance on behalf of an insurer represents the

Insurer

The commissioner may...

Conduct investigations and subpoena witnesses whenever he deems it necessary

What is the maximum amount the commissioner can fine an insurer for each violation of a ceaseand-desist order?

$10,000

When appropriate the commissioner reports a violation of insurance law to

The district attorney

A company that has not been authorized to operate in Colorado is known as

A no admitted insurer

An insurer that terminates the producers appointment must inform the commissioner within how 

many days?

30

The commissioner gives approval to an insurer to do business in Colorado in a certificate of

Authority

In Colorado all of the following are considered unfair trade practices except: a. 

Misrepresentation b. Rebating c.. Replacement D. Coercion

C. Replacement

All of the following are violations of Colorado insurance law except: a. Charging individuals of 

the same class different premium rates b. Offering tickets to a football game as an incentive to 

purchase a policy c. In forming a new policy holder that his new policy, if lapsed for 

nonpayment of premium, could be reinstated upon reapplication d. Having an arrangement to sell 

stock to a person contingent upon the purchase of an annuity

C. In forming a new policy holder that his new policy, if lapsed for nonpayment of premium, 

could be reinstated upon reapplication

All of the following insurance practices are illegal in Colorado except: A. Soliciting or procuring 

insurance without a license B. Paying a fee for services as an insurance producer to anyone who 

is not properly licensed C. Inquiring about an applicant sexual orientation in connection with an 

application D. Replacing one life insurance policy with another

D. Replacing one life insurance policy with another

How many hours of continuing education must be in courses associated with the lines of 

insurance for which the producer is licensed?

18

All of the following are examples of unfair claims settlement practices except: A. Paying the 

claim without conducting an investigation B. Denying a claim promptly but without explaining 

the coverage or laws on which the denial is based C. Paying a claim promptly but without 

explaining the coverage or laws on which the payment is based D. Denying the claim without 

making an investigation

A. Paying a claim without conducting an investigation

A producer has how many days to file a written appeal to the commissioner after he has been 

terminated by his appointing insurer?

30

A fraternal benefit society representative need not be licensed as a producer if he sells life 

insurance with the face amount equal to or less than:

50,000