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Life and Health Insurance Producer Exam

Conduct (CO): practice questions

Our Life & Health Insurance bank has 5 questions on this topic. Here are 3 of them with answers; the full mock exam draws from every topic, like the real one.

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Question 1 · Colorado

Circulating a false or maliciously critical statement about an insurer's finances, meant to injure it, is which Colorado unfair practice?

  1. Unlawful boycott
  2. Defamation
  3. Twisting
  4. Rebating
Show the answer

B. Defamation — C.R.S. 10-3-1104(1)(c).

Question 2 · Colorado

Except for a value-added product or service, which advertising practice does Colorado law ban for insurers and producers?

  1. Using the words 'free' or 'no cost' or similar words in an advertisement
  2. Naming the insurer, its full legal name, and its home office address in the advertisement
  3. Stating the producer's license number in printed promotional material
  4. Comparing two policies factually in writing to aid an informed choice
Show the answer

A. Using the words 'free' or 'no cost' or similar words in an advertisement — C.R.S. 10-3-1104(2.7)(b) (SB 25-058); 10-3-1104(1)(a)(IX).

Question 3 · Colorado

Under Colorado's gift rules added by SB 25-058, what may a producer NOT do when offering a customer a gift or meal?

  1. Require the customer to buy, keep, or renew a policy in exchange for it
  2. Make a charitable donation for the customer as a marketing gift
  3. Offer it to a commercial or institutional customer, if the cost is reasonable for the premium
  4. Give it in connection with keeping an existing policy rather than a sale
Show the answer

A. Require the customer to buy, keep, or renew a policy in exchange for it — C.R.S. 10-3-1104(2.6)(a), (2.6)(b)(II) (SB 25-058).

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