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					                   Colorado                                          Examination Content Outlines
        Insurance Supplement                                                             Effective Date: January 1, 2012
                                                                                                      4. Consideration
                                                                                                      5. Owner’s rights
                LIFE – GENERAL KNOWLEDGE
                                                                                                      6. Beneficiary designations
                      CONTENT OUTLINE
                                                                                                         a. Primary and contingent
          Product Knowledge, Terms, and Concepts                                                         b. Revocable and irrevocable
                                                                                                         c. Changes
      (50 scoreable questions plus 10 pretest questions)
                                                                                                         d. Common disaster
I. TYPES OF POLICIES.......................................................... 12                        e. Minor beneficiaries
    A. Traditional whole life products                                                                7. Premium Payment
        1. Ordinary (straight) life                                                                      a. Modes
        2. Limited-pay and single-premium life                                                           b. Grace period
        3. Adjustable life                                                                               c. Automatic premium loan
    B. Interest/market-sensitive life products                                                           d. Level or flexible
        1. Universal life                                                                             8. Reinstatement
        2. Variable whole life                                                                        9. Policy loans, withdrawals, partial surrenders
        3. Variable universal life                                                                   10. Non-forfeiture options
        4. Interest-sensitive whole life                                                             11. Dividends and dividend options
        5. Equity-indexed life                                                                       12. Incontestability
    C. Term life                                                                                     13. Assignments
        1. Types                                                                                     14. Suicide
           a. Level                                                                                  15. Misstatement of age and gender
           b. Decreasing                                                                             16. Settlement options
           c. Return of premium                                                                      17. Accelerated death benefits
           d. Annually renewable                                                                   C. Policy exclusions
           e. Increasing term
                                                                                               III. COMPLETING THE APPLICATION, UNDERWRITING, AND
        2. Special features
                                                                                                    DELIVERING THE POLICY ...............................................11
           a. Renewable                                                                             A. Completing the application
           b. Convertible                                                                              1. Required signatures
    D. Annuities                                                                                       2. Changes in the application
        1. Single and flexible premium                                                                 3. Consequences of incomplete applications
        2. Immediate and deferred                                                                      4. Warranties and representations
        3. Fixed and variable                                                                          5. Collecting the initial premium and issuing the receipt
        4. Indexed                                                                                     6. Replacement
    E. Combination plans and variations                                                                7. Disclosures at point of sale (e.g., HIPAA, HIV consent)
        1. Joint life                                                                                  8. USA PATRIOT Act/anti-money laundering
        2. Survivorship life (second to die)                                                        B. Underwriting
II. POLICY RIDERS, PROVISIONS, OPTIONS, AND                                                            1. Insurable interest
    EXCLUSIONS .................................................................... 19                 2. Medical information and consumer reports
    A. Policy riders                                                                                   3. Fair Credit Reporting Act
       1. Waiver of premium and waiver of premium with disability                                      4. Risk classification
          income                                                                                       5. Stranger-originated life insurance (STOLI)
       2. Guaranteed insurability                                                                      6. Investor-originated life insurance (IOLI)
       3. Payor benefit                                                                             C. Delivering the policy
       4. Accidental death and/or accidental death and                                                 1. When coverage begins
          dismemberment                                                                                2. Explaining the policy and its provisions, riders,
       5. Term riders                                                                                     exclusions, and ratings to the client
       6. Other insureds (e.g., spouse, children, nonfamily)
                                                                                               IV. TAXES, RETIREMENT, AND OTHER INSURANCE
       7. Long term care
                                                                                                  CONCEPTS........................................................................8
       8. Return of premium                                                                        A. Third-party ownership
    B. Policy provisions and options                                                               B. Group life insurance
       1. Entire contract                                                                             1. Conversion privilege
       2. Insuring clause                                                                             2. Contributory vs. noncontributory
       3. Free look                                                                                C. Retirement plans

COLORADO Insurance - Examination Content Outlines                                                                                           Effective Date: January 1, 2012



                                                                                          S1
        1. Tax-qualified plans                                                                Ref: 10-3-1104(1)(g)
        2. Nonqualified plans                                                              7. Unfair claims practices
     D. Life insurance needs analysis/suitability                                             Ref: 10-3-1104(1)(h); Reg. 5-1-14 (P&C only)
        1. Personal insurance needs                                                        8. Colorado Fraud Statute
        2. Business insurance needs                                                           Ref: 10-1-128; 10-1-129
           a. Key person
     E. Social Security benefits and taxes                                      II.   COLORADO STATUTES, RULES, AND REGULATIONS
     F. Tax treatment of insurance premiums, proceeds, and                            PERTINENT TO LIFE INSURANCE ONLY....................10
                                                                                      A. Policy replacement .................................................(3-4)
        dividends
                                                                                         1. Replacement forms
        1. Individual life
                                                                                             Ref: Reg. 4-1-4
        2. Group life
                                                                                         2. Disclosure
        3. Modified Endowment Contracts (MECs)
                                                                                             Ref: 10-7-302; Reg. 4-1-4
                                                                                         3. Record keeping of replacements
                        LIFE                                                                 Ref: Reg. 4-1-4
                  COLORADO SPECIFIC                                                   B. Group Life ................................................................(2-3)
                      CONTENT OUTLINE                                                    Ref: 10-7-106; 10-7-201 through 207
           State Statutes, Rules and Regulations
                                                                                      C. Suicide .....................................................................(0-1)
      (30 scoreable questions plus 5 pretest questions)                                  Ref: 10-7-109
                                                                                      D. Free Look period .....................................................(0-1)
I.    COLORADO STATUTES, RULES, AND REGULATIONS
      COMMON TO LIFE, SICKNESS AND ACCIDENT,                                             Ref: 10-7-302; Reg. 4-1-4
      PROPERTY (FIRE), AND CASUALTY INSURANCE.... 20                                  E. Interest on Proceeds...............................................(0-1)
      A. Insurance Commissioner....................................... 4                 Ref: 10-7-112
         1. Power and duties                                                          F. Sales and Marketing of Life and Annuities...........(2-3)
            Ref: 10-1-104; 10-1-105; 10-1-108; 10-1-109; 10-1-201                        Ref: Reg. 1-2-18; 4-1-2; 4-1-11; 4-1-12
            through 204; 10-3-105; 10-3-208; 10-3-1106                                   1. Unfair trade practices
         2. Hearings and penalties                                                       2. Suitability requirements
            Ref: 10-2-801; 10-2-804; 10-3-1104; 10-3-1107 through                        3. Disclosures
            1109; 10-3-1111                                                           G. Insurable Interest ....................................................(0-1)
         3. License suspension and revocation                                            Ref: 10-7-701 through 710
            Ref: 10-2-401; 10-2-801 through 804; 10-3-904.6;
            10-3-904.7; 10-3-1108                                               ACCIDENT & HEALTH – GENERAL KNOWLEDGE
      B. Licensing and producers’ legal responsibility .... 8                               CONTENT OUTLINE
         1. Persons required to be licensed
                                                                                         Product Knowledge, Terms, and Concepts
            Ref: 10-2-103(6); 10-2-105; 10-2-201; 10-2-401;
            10-2-404; 10-2-407; 10-2-408; 10-2-412;                                   (50 scoreable questions plus 10 pretest questions)
            10-2-416; 10-2-701; 10-2-702; 10-2-801; Reg. 1-2-10
                                                                                I. TYPES OF POLICIES ..........................................................14
         2. Payment and acceptance of commissions/fees
                                                                                    A. Disability income
            Ref: 10-2-401; 10-2-702; Reg. 1-2-9
                                                                                       1. Individual disability income policy
         3. Fiduciary/commingling
                                                                                       2. Business overhead expense policy
            Ref: 10-2-704; Reg. 1-2-1
                                                                                       3. Business disability buyout policy
         4. Continuing education
                                                                                       4. Group disability income policy
            Ref: 10-2-301; Reg. 1-2-4
                                                                                       5. Key employee/partner policies
         5. Unauthorized entities
                                                                                    B. Accidental death and dismemberment
            Ref: 10-3-903 through 10-3-904.5, 10-3- 906, 10-3-908
                                                                                    C. Medical expense insurance
      C. Unfair competition and deceptive practices ........ 8
                                                                                       1. Basic hospital, medical, and surgical policies
         1. Coercion
                                                                                       2. Major medical policies
            Ref: 10-3-1104(1)(d); 10-3-1105
                                                                                       3. Health Maintenance Organizations (HMOs)
         2. Misrepresentation
                                                                                       4. Preferred Provider Organizations (PPOs)
            Ref: 10-3-1104(1)(a); 10-1-128
                                                                                       5. Point of Service (POS) plans
         3. Unfair discrimination
                                                                                       6. Flexible Spending Accounts (FSAs)
            Ref: 10-3-1104(1)(f); 10-3-1104.5
                                                                                       7. Health Reimbursement Accounts (HRAs)
         4. Controlled business
                                                                                       8. High Deductible Health Plans (HDHPs) and related
            Ref: 10-2-401(4)
                                                                                          Health Savings Accounts (HSAs)
         5. Defamation
                                                                                       9. Stop loss
            Ref: 10-1-116; 10-3-1104(1)(c)
                                                                                    D. Medicare supplement policies
         6. Rebates
                                                                                    E. Group insurance

COLORADO Insurance - Examination Content Outlines                                                                            Effective Date: January 1, 2012



                                                                           S2
      1. Group conversion                                                       4. Conditionally renewable
      2. Differences between individual and group contracts                     5. Optionally renewable
      3. General concepts                                                       6. Period of time for renewal
      4. COBRA
                                                                        III. SOCIAL INSURANCE........................................................3
      5. HIPAA
                                                                             A. Medicare
   F. Long Term Care (LTC)
                                                                                1. Primary, secondary payor
      1. Individual LTC contracts
                                                                                2. Medicare Parts A, B, C, D
      2. Group/voluntary LTC contracts
                                                                             B. Medicaid
   G. Limited Benefit Plans
                                                                             C. Social Security benefits
      1. Cancer (or specified diseases) plans
      2. Critical illness plans                                         IV. OTHER INSURANCE CONCEPTS ...................................4
      3. Worksite (employer-sponsored) plans                                A. Total, partial, and residual disability
      4. Hospital indemnity plans                                           B. Owner’s rights
      5. Dental                                                             C. Dependent children benefits
      6. Vision                                                             D. Primary and contingent beneficiaries
                                                                            E. Modes of premium payments (annual, semiannual, etc.)
II. POLICY PROVISIONS, CLAUSES, AND RIDERS............ 20
                                                                            F. Nonduplication and coordination of benefits (e.g.,
    A. Mandatory provisions
                                                                                primary vs. excess)
        1. Entire contract
                                                                            G. Occupational vs. non-occupational
        2. Time limit on certain defenses (incontestable)
                                                                            H. Tax treatment of premiums and proceeds of insurance
        3. Grace period
                                                                                contracts (e.g., disability income and medical
        4. Reinstatement
                                                                                expenses, etc.)
        5. Notice of claim
                                                                             I. Managed care
        6. Claim forms
                                                                            J. Workers Compensation
        7. Proof of loss
                                                                            K. Subrogation
        8. Time of payment of claims
        9. Payment of claims                                            V. FIELD UNDERWRITING PROCEDURES ..........................9
       10. Physical examination and autopsy                                A. Completing application and obtaining necessary
       11. Legal actions                                                       signatures
       12. Change of beneficiary                                           B. Explaining sources of insurability information (e.g., MIB
       13. Misstatement of age                                                 Report, Fair Credit Reporting Act, etc.)
    B. Optional provisions                                                 C. Initial premium payment and receipt and consequences
    C. Other provisions and clauses                                            of the receipt (e.g., medical examination, etc.)
        1. Insuring clause                                                 D. Submitting application (and initial premium if collected)
        2. Free look                                                           to company for underwriting
        3. Consideration clause                                            E. Ensuring delivery of policy and related documents to
        4. Probationary period                                                 client
        5. Elimination period                                               F. Explaining policy and its provisions, riders, exclusions,
        6. Waiver of premium                                                   and ratings to clients
        7. Exclusions                                                      G. Replacement
        8. Preexisting conditions                                          H. Contract law
        9. Recurrent disability                                                 1. Elements of a contract
       10. Coinsurance                                                          2. Insurable interest
       11. Deductibles                                                          3. Warranties and representations
       12. Eligible expenses                                                    4. Unique aspects of the health contract
       13. Copayments                                                              a. Conditional
       14. Pre-authorizations and prior approval requirements                      b. Unilateral
       15. Usual, reasonable, and customary (URC) charges                          c. Adhesion
       16. Lifetime, annual, or per cause maximum benefit limits
    D. Riders                                                                               ACCIDENT & HEALTH
        1. Impairment/exclusions                                                            COLORADO SPECIFIC
        2. Guaranteed insurability                                                              CONTENT OUTLINE
        3. Multiple indemnity (double, triple)
                                                                                    State Statutes, Rules and Regulations
     E. Rights of renewability
        1. Noncancellable                                                      (30 scoreable questions plus 6 pretest questions)
        2. Cancellable
        3. Guaranteed renewable


COLORADO Insurance - Examination Content Outlines                                                                Effective Date: January 1, 2012



                                                                   S3
I.    COLORADO STATUTES, RULES, AND REGULATIONS                                                      5. Diabetes
      COMMON TO LIFE, SICKNESS AND ACCIDENT,                                                             Ref: 10-16-104(13)
      PROPERTY (FIRE), AND CASUALTY INSURANCE.... 19                                                 6. Hospice/home health care offering
      A. Insurance Commissioner....................................... 3                                 Ref: 10-16-104(8); Reg. 4-2-8
         1. Power and duties                                                                         7. Guaranteed renewability
            Ref: 10-1-104; 10-1-108; 10-1-109; 10-1-201 through                                          Ref: 10-16-201.5
            204; 10-3-105; 10-3-208;10-3-1106                                                        8. Prompt pay
         2. Hearings and penalties                                                                       Ref: 10-16-103.5; 10-16-106.5
            Ref: 10-2-801; 10-2-804; 10-3-1104; 10-3-1107; 10-3-                                     9. Utilization review
             1111; 10-3-1108; 10-3-1109                                                                  Ref: 10-16-113, 10-16-113.5; Reg. 4-2-17; 4-2-21
         3. License suspension and revocation                                                        10. Mandated benefits
            Ref: 10-2-801; 10-2-803; 10-3-1108                                                           Ref: 10-16-104; Reg. 4-6-5; 4-2-28; 4-2-30
      B. Licensing and producers’ legal responsibility .... 8                                        11. Commission disclosure
         1. Persons required to be licensed                                                              Ref: 10-16-133; Reg. 1-2-17
            Ref: 10-2-103(6); 10-2-105; 10-2-201; 10-2-401;                                       B. Individual coverage.................................................2
            10-2-404; 10-2-407; 10-2-408; 10-2-412                                                   1. Required provisions
            10-2-416; 10-2-701; Reg. 1-2-10                                                              Ref: 10-16-202
         2. Payment and acceptance of commissions/fees                                               2. Replacement
            Ref: 10-2-401; 10-2-702; Reg. 1-2-9                                                          Ref: 10-16-202; Reg.4-2-1
         3. Fiduciary/commingling                                                                    3. Pre-existing condition limitations
            Ref: 10-2-704; Reg. 1-2-1                                                                    Ref: 10-16-118(1)(a)
         4. Continuing education                                                                     4. Sale to self-employed individuals
            Ref: 10-2-301; Reg. 1-2-4                                                                    Ref: 10-16-102(6); 10-16-105; Reg. 4-2-19; 4-6-5
         5. Unauthorized entities                                                                 C. Group coverage.......................................................2
            Ref: 10-3-903 through 904.5; 10-3-906; 10-3-908                                          1. Continuation
      C. Unfair competition and deceptive practices ........ 8                                           Ref: 10-16-108(1)(b); 10-16-108(1)(d)(XVII); 10-16-
         1. Coercion                                                                                     108(1)(e); 10-16-108(1)(f)
            Ref: 10-3-1104(1)(d); 10-3-1105                                                          2. Conversion
         2. Misrepresentation                                                                            Ref: 10-16-108(1)(a); 10-16-108(1)(c); 10-16-108(1)(d)
            Ref: 10-3-1104(1)(a); 10-1-128                                                           3. Maternity
         3. Unfair discrimination                                                                        Ref: 10-16-104(3)
            Ref: 10-3-1104(1)(f); 10-3-1104.5                                                        4. Mental health
         4. Controlled business                                                                          Ref: 10-16-104(5); 10-16-104 (5.5); Reg. 4-6-12
            Ref: 10-2-401(4)                                                                         5. Preexisting condition limitation
         5. Defamation                                                                                   Ref: 10-16-118(1)(a)
            Ref: 10-1-116; 10-3-1104(1)(c)                                                           6. Leasing companies
         6. Rebates                                                                                      Ref: 10-16-214(5); Reg. 4-6-10
            Ref: 10-3-1104(1)(g)                                                                     7. Late enrollee
         7. Unfair claims practices                                                                      Ref: 10-16-102(26)
            Ref: 10-3-1104(1)(h); 10-16-214                                                       D. Small group coverage.............................................(2-3)
            Reg. 5-1-14 (P&C only)                                                                   1. Definitions
         8. Colorado Fraud Statute                                                                       Ref: 10-16-102, 10-16-102(6), 10-16-102(31), 10-16-
            Ref: 10-1-128; 10-1-129; Reg. 6-5-1                                                          102(40), 10-16-102(41), 10-16-102(42); 10-16-105.2;
II.   COLORADO STATUTES, RULES, AND REGULATIONS                                                          Reg. 4-6-8
      PERTINENT TO SICKNESS AND ACCIDENT INSURANCE                                                       a. small employer
      ONLY ............................................................................ 11               b. eligible employee
      A. Common requirements for Sickness and                                                            c. business group of one
          Accident................................................................. 2                2. Guaranteed issue
         1. Portability (Credit for preexisting conditions)                                              Ref: 10-16-105(7.3)(a); 10-16-105(7.3)(c)
            Ref: 10-16-102(13.7); 10-16-105; 10-16-118(1)(b); 10-16-                                 3. Underwriting restrictions
            214                                                                                          Ref: 10-16-105(7)
         2. Maternity/newborn coverage                                                               4. Rating factors
            Ref: 10-16-104(1); 10-16-104(3)                                                              Ref: 10-16-105(8)(c); 10-16-105(8)(e); 10-16-105(13-15);
         3. Complications of pregnancy                                                                   10-16-105(8.5);Reg. 4-6-7
            Ref: 10-16-104(2)                                                                        5. Participation requirements
         4. Mammography/prostate screenings                                                              Ref: 10-16-102(40)(a);10-16-105(7.4); Reg. 4-6-8
            Ref: 10-16-104(10); 10-16-104(18)                                                        6. Basic and standard benefit health plans

COLORADO Insurance - Examination Content Outlines                                                                                   Effective Date: January 1, 2012



                                                                                             S4
                  Ref: 10-16-102(4); 10-16-102(43); 10-16-105(7.2); Reg.                            F. Others
4-6-5                                                                                                  1. Earthquake
              7. Wellness programs                                                                     2. Mobile Homes
                  Ref: 10-16-136                                                                       3. Watercraft
        E.    Fair marketing standards....................................... (0-1)                    4. Farm Owners
              Ref: 10-16-108.5; Reg. 4-2-20                                                            5. Crop/hail
        F.    Specified products ................................................. (1-2)               6. Windstorm
              1. Medicare Supplement
                                                                                                 II. INSURANCE TERMS AND RELATED CONCEPTS..........14
                  Ref: 10-18-101(4); 10-18-103; 10-18-106(1); 10-18-
                                                                                                      A. Insurance
                  106(2); 10-18-107; 10-18-108; 10-18-109; Reg. 4-3-1
                                                                                                          1. Law of Large Numbers
              2. Long Term Care
                                                                                                      B. Insurable interest
                  Ref: 10-19-101 through 115; Reg. 4-4-1, 4-4-4
                                                                                                      C. Risk
              3. Basic and Standard Plans
                                                                                                          1. Pure vs. Speculative Risk
                  Ref: 10-16-105 (7.2)(b); Reg. 4-6-5 Section (4)(A
                                                                                                      D. Hazard
                  through L) and Policy Requirements section
                                                                                                          1. Moral
              4. Benefit Description Plan
                                                                                                          2. Morale
                  Ref: 10-16-105; 10-16-108.5(11); Reg. 4-2-20
                                                                                                          3. Physical
        G.    CoverColorado........................................................ (0-1)
                                                                                                      E. Peril
              Ref: 10-3-1108; 10-8-501, 10-8-513, 10-8-516; 10-16-105.5;
                                                                                                      F. Loss
              Reg. 4-6-3
                                                                                                          1. Direct
        H.    Commission Disclosure......................................... (0-1)
                                                                                                          2. Indirect
              Ref: 10-16-133; Reg. 1-2-17
                                                                                                      G. Loss Valuation
                                                                                                          1. Actual cash value
                                                                                                          2. Replacement cost
         PROPERTY – GENERAL KNOWLEDGE                                                                     3. Market value
               CONTENT OUTLINE                                                                            4. Stated value
             Product Knowledge, Terms, and Concepts                                                       5. Salvage value
                                                                                                      H. Proximate cause
     (50 scoreable questions plus 10 pretest questions)                                                I. Deductible
I. TYPES OF POLICIES.......................................................... 25                     J. Indemnity
    A. Homeowners                                                                                     K. Limits of liability
        1. HO-2                                                                                       L. Coinsurance/Insurance to value
        2. HO-3                                                                                       M. Occurrence
        3. HO-4                                                                                       N. Cancellation
        4. HO-5                                                                                       O. Nonrenewal
        5. HO-6                                                                                       P. Vacancy and unoccupancy
        6. HO-8                                                                                       Q. Liability
    B. Dwelling policies                                                                                  1. Absolute
        1. DP-1                                                                                           2. Strict
        2. DP-2                                                                                           3. Vicarious
        3. DP-3                                                                                       R. Negligence
    C. Commercial lines                                                                               S. Binder
        1. Commercial Package Policy (CPP)                                                            T. Endorsements
        2. Commercial property                                                                        U. Medical Payments
           a. Commercial building and business personal property                                      V. Blanket vs. Specific
              form                                                                                   W. Burglary, Robbery, Theft, and Mysterious
           b. Causes of loss forms                                                                        Disappearance
           c. Business income                                                                    III. POLICY PROVISIONS AND CONTRACT LAW ...............11
           d. Extra expense                                                                           A. Declarations
        3. Business Owners Policy (BOP)                                                               B. Insuring agreement
        4. Builders Risk                                                                              C. Conditions
    D. Inland marine                                                                                  D. Exclusions
        1. Personal Articles floaters                                                                 E. Definition of the insured
        2. Commercial Property floaters                                                               F. Duties of the insured
        3. Nationwide Definition                                                                      G. Obligations of the insurance company
    E. National Flood Insurance Program                                                               H. Mortgagee rights

COLORADO Insurance - Examination Content Outlines                                                                              Effective Date: January 1, 2012



                                                                                            S5
      I. Proof of loss                                                                         6. Rebates
     J. Notice of claim                                                                           Ref: 10-3-1104(1)(g)
     K. Appraisal                                                                              7. Unfair claims practices
     L. Other Insurance Provision                                                                 Ref: 10-3-1104(1)(h); Reg. 5-1-14
     M. Assignment                                                                             8. Colorado Fraud Statute
     N. Subrogation                                                                               Ref: 10-1-128; Reg. 6-5-1
     O. Elements of a contract
     P. Warranties, representations, and concealment                        II.   COLORADO STATUTES, RULES, AND, REGULATIONS
     Q. Sources of underwriting information                                       COMMON TO PROPERTY AND CASUALTY INSURANCE
                                                                                  ONLY.......................................................................................4
     R. Fair Credit Reporting Act
     S. Privacy Protection (Gramm Leach Bliley)
     T. Policy Application                                                               A. Rate regulations ......................................................1
     U. Terrorism Risk Insurance Act (TRIA)                                                 Ref: 10-4-401; 10-4-403; 10-4-416
                                                                                            1. Misquotes
                                                                                         B. Summary disclosure form......................................1
        PROPERTY-COLORADO SPECIFIC
                                                                                            Ref: 10-4-111; 10-4-636; Reg. 5-2-16
                      CONTENT OUTLINE
                                                                                         C. Commercial policy requirements ..........................1
           State Statutes, Rules and Regulations                                            Ref: 10-4-109.5; 10-4-109.7; 10-4-110; 10-4-110.5; 10-4-
       (25 scoreable questions plus 5 pretest questions)                                    1401 through 10-4-1404; Reg. 5-1-13
                                                                                         D. Use of Credit Information .......................................1
I.    COLORADO STATUTES, RULES, AND REGULATIONS                                              Ref: 10-4-116
      COMMON TO LIFE, SICKNESS AND ACCIDENT,
      PROPERTY (FIRE), AND CASUALTY INSURANCE.... 19                              III.   COLORADO STATUTES, RULES, AND REGULATIONS
      A. Insurance Commissioner....................................... 3                 PERTINENT TO PROPERTY INSURANCE
         1. Power and duties                                                             ONLY .............................................................................2
            Ref: 10-1-104; 10-1-108; 10-1-109; 10-1-201 through                          A. Fraudulent Claims and Arson Information
            204; 10-3-105; 10-3-208; 10-3-1106; 10-4-401                                     Reporting Act
         2. Hearings and penalties                                                          Ref: 10-4-1001 through 1008; 10-1-127; Reg. 6-5-1
            Ref: 10-2-801; 10-2-804; 10-3-1104; 10-3-1107; 10-3-                         B. Insurance and loans secured by real property
            1108; 10-3-1109; 10-3-1111                                                      Ref: 10-4-114
         3. License suspension and revocation                                            C. Homeowners Cancellation and Nonrenewal
            Ref: 10-2-108; 10-2-801; 10-2-803                                               Ref: 10-4-110.7
      B. Licensing and producers’ legal responsibility .... 8                            D. Availability of Fire Insurance
         1. Persons required to be licensed                                                 Ref: 10-4-110.9; Reg. 5-1-1
            Ref: 10-2-103(6); 10-2-105; 10-2-201; 10-2-401;                       7
            10-2-404; 10-2-407; 10-2-408; 10-2-412
            10-2-416; 10-2-502; 10-2-701; Reg. 1-2-10                                       CASUALTY – GENERAL KNOWLEDGE
         2. Surplus Lines                                                                         CONTENT OUTLINE
            Ref: 10-2-408; 10-5-103; 10-5-111; Reg. 2-4-1
         3. Payment and acceptance of commissions/fees
                                                                                             Product Knowledge, Terms, and Concepts
            Ref: 10-2-702; Reg. 1-2-9                                                    (50 scoreable questions plus 10 pretest questions)
         4. Fiduciary/commingling
            Ref: 10-2-704; Reg. 1-2-1                                             I. TYPES OF POLICIES, BONDS, AND
                                                                                      RELATED TERMS .............................................................23
         5. Continuing education
                                                                                      A. Commercial general liability
            Ref: 10-2-301; Reg. 1-2-4
                                                                                         1. Exposures
         6. Unauthorized entities
                                                                                            a. Premises and Operations
            Ref: 10-3-903 through 10-3-904.5; 10-3-906; 10-3-908
                                                                                            b. Products and Completed Operations
      C. Unfair competition and deceptive practices ........ 8
                                                                                         2. Coverage
         1. Coercion
                                                                                            a. Coverage A: Bodily Injury and Property Damage
            Ref: 10-3-1104(1)(d); 10-3-1105
                                                                                               Liability
         2. Misrepresentation
                                                                                               (1) Occurrence
            Ref: 10-3-1104(1)(a); 10-1-128
                                                                                               (2) Claims made
         3. Unfair discrimination
                                                                                                  (a) Extended Reporting Periods: Basic and
            Ref: 10-3-1104(1)(f); 10-3-1104.5
                                                                                                      Supplemental
         4. Controlled business
                                                                                                  (b) Retroactive Date
            Ref: 10-2-401(4)
                                                                                            b. Coverage B: Personal Injury and Advertising Injury
         5. Defamation
                                                                                            c. Coverage C: Medical Payments
            Ref: 10-1-116; 10-3-1104(1)(c)

COLORADO Insurance - Examination Content Outlines                                                                                  Effective Date: January 1, 2012



                                                                           S6
         d. Supplemental Payments                                                  1. Errors and Omissions
         e. Who is an insured                                                      2. Medical Malpractice
         f. Limits                                                                 3. Directors and Officers (D&O)
         g. Damage to Property of Others                                           4. Employment Practices Liability (EPLI)
             (1) Per occurrence                                                 G. Umbrella/Excess Liability
             (2) Annual Aggregate
                                                                             II. INSURANCE TERMS AND RELATED CONCEPTS..........15
  B. Automobile: personal auto and business auto
                                                                                  A. Risk
      1. Liability
                                                                                  B. Hazards
         a. Bodily Injury
                                                                                      1. Moral
         b. Property Damage
                                                                                      2. Morale
         c. Split Limits
                                                                                      3. Physical
         d. Combined Single Limit
                                                                                  C. Indemnity
      2. Medical Payments
                                                                                  D. Insurable interest
      3. Physical Damage (collision; other than collision;
                                                                                  E. Actual cash value
         specified perils)
                                                                                  F. Negligence
      4. Uninsured motorists
                                                                                  G. Liability
      5. Underinsured motorists
                                                                                  H. Occurrence
      6. Who is an insured
                                                                                   I. Binders
      7. Types of Auto
                                                                                  J. Warranties
         a. Owned
                                                                                  K. Representations
         b. Non-owned
                                                                                  L. Concealment
         c. Hired
                                                                                  M. Deposit Premium/Audit
         d. Temporary Substitute
                                                                                  N. Certificate of Insurance
         e. Newly Acquired Autos
                                                                                  O. Law of Large Numbers
         f. Transportation Expense and Rental Reimbursement
                                                                                  P. Pure vs. Speculative Risk
             Expense
                                                                                  Q. Endorsements
      8. Garage Coverage Form, including Garagekeepers
                                                                                  R. Damages
         Insurance
                                                                                      1. Compensatory
      9. Exclusions
                                                                                         a. General
    10. Individual Insured and Drive Other Car (DOC)
                                                                                         b. Special
  C. Workers Compensation Insurance, Employers Liability
                                                                                      2. Punitive
     Insurance, and Related Issues
                                                                                  S. Compliance with provisions of Fair Credit Reporting
   (This section does not deal with specifics of state law, which are
                                                                                      Act
   addressed elsewhere in this outline.)
      1. Standard policy concepts                                            III. POLICY PROVISIONS.......................................................12
         a. Who is an employee/employer                                           A. Declarations
         b. Compensation                                                          B. Insuring agreement
             (1) Loss of wages                                                    C. Conditions
             (2) Medical                                                          D. Exclusions and Limitations
             (3) Disability                                                       E. Definition of the insured
             (4) Vocational Rehabilitation                                        F. Duties of the insured after a loss
             (5) Death/Survivor                                                   G. Cancellation and nonrenewal provisions
      2. Work-related vs. non-work-related                                        H. Additional (supplementary) payments
      3. Other states’ insurance                                                   I. Proof of loss
      4. Employers Liability                                                      J. Notice of claim
      5. Exclusive remedy                                                         K. Arbitration
      6. Premium Determination                                                    L. Other insurance
  D. Crime                                                                        M. Subrogation
      1. Employee Dishonesty                                                      N. Loss settlement provisions including consent to settle
      2. Theft                                                                        a loss
      3. Robbery                                                                  O. Terrorism Risk Insurance Act (TRIA)
      4. Burglary
      5. Forgery and Alteration                                                                      CASUALTY
  E. Bonds                                                                                       COLORADO SPECIFIC
      1. Surety                                                                                     CONTENT OUTLINE
      2. Fidelity
                                                                                         State Statutes, Rules and Regulations
  F. Professional liability

COLORADO Insurance - Examination Content Outlines                                                                     Effective Date: January 1, 2012



                                                                        S7
      (31 scoreable questions plus 5 pretest questions)                                                   D. Use of Credit Information .......................................1
                                                                                                             Ref: 10-4-116
I.    COLORADO STATUTES, RULES, AND REGULATIONS
      COMMON TO LIFE, SICKNESS AND ACCIDENT,                                                       III.   COLORADO STATUTES, RULES, AND REGULATIONS
      PROPERTY (FIRE), AND CASUALTY INSURANCE.... 19                                                      PERTINENT TO CASUALTY INSURANCE ONLY ........8
      A. Insurance Commissioner....................................... 3
                                                                                                          A. Workers compensation ..........................................(2-3)
         1. Power and duties
                                                                                                             1. Who must be covered
             Ref: 10-1-104; 10-1-108; 10-1-109; 10-1-201                                                         Ref: 8-40-302; 8-40-102, 8-40-202, 8-40-203; 8-41-202
             through 204; 10-3-105; 10-3- 208; 10-3-1106
                                                                                                             2. Sources of coverages
         2. Hearings and penalties
                                                                                                                 Ref: 8-44-101, 8-44-204, 8-44-205
             Ref: 10-2-801; 10-2-804; 10-3-1104; 10-3-1107; 10-3-                                            3. Benefits
             1108; 10-3-1109; 10-3-1111
                                                                                                                 Ref: 8-42-102; 8-42-103; 8-42-106; 8-42-111; 8-42-114,
         3. License suspension and revocation
                                                                                                                 8-42-115; 8-42-123
             Ref: 10-2-801; 10-2-803                                                                         4. Claims procedures
      B. Licensing and producers’ legal responsibility .... 8
                                                                                                                 Ref: 8-43-103
         1. Persons required to be licensed
                                                                                                          B. Automobile insurance ............................................(4-5)
             Ref: 10-2-103(6); 10-2-105; 10-2-201; 10-2-401;                                                 1. Cancellation/nonrenewal
             10-2-404; 10-2-407; 10-2-408; 10-2-412;
                                                                                                                 Ref: 10-4-602, 10-4-603, 10-4-604; 10-4-626 through 629;
             10-2-416; 10-2-701; Reg. 1-2-10
                                                                                                                 Reg. 5-2-12
         2. Surplus Lines                                                                                    2. Excluded drivers
             Ref: 10-2-408; 10-5-103; 10-5-111; Reg. 2-4-1
                                                                                                                 Ref: 10-4-629; 10-4-630; Reg. 5-2-2
         3. Payment and acceptance of commissions/fees
                                                                                                             3. Uninsured motorist/Underinsured motorist
             Ref: 10-2-702; Reg. 1-2-9                                                                           Ref: 10-4-609; 10-4-620; 42-7-103(2), (7); 10-4-610
         4. Fiduciary/commingling
                                                                                                             4. Financial responsibility
             Ref: 10-2-704; Reg. 1-2-1
                                                                                                                 Ref: 10-4-619; 10-4-620; 42-7-103(2);
         5. Continuing education                                                                                 42-7-301
             Ref: 10-2-301; Reg. 1-2-4
                                                                                                             5. Required Coverages
         6. Unauthorized entities
                                                                                                                 Ref: 10-4-619 through 622
             Ref: 10-3-903 through 10-3-904.5; 10-3-906; 10-3-908                                            6. Medical Payment Coverage
      C. Unfair competition and deceptive practices ........ 8
                                                                                                                 Ref: 10-4-635, 10-4-636, 10-4-641; Reg. 5-2-16
         1. Coercion
                                                                                                          C. Colorado Auto Insurance Plan...............................(0-1)
             Ref: 10-3-1104(1)(d); 10-3-1105                                                                 Ref: 10-4-412
         2. Misrepresentation
             Ref: 10-3-1104(1)(a); 10-1-128
         3. Unfair discrimination
             Ref: 10-3-1104(1)(f); 10-3-1104.5                                                        PERSONAL LINES – GENERAL KNOWLEDGE
         4. Controlled business                                                                                CONTENT OUTLINE
             Ref: 10-2-401(4)                                                                               Product Knowledge, Terms, and Concepts
         5. Defamation
             Ref: 10-1-116; 10-3-1104(1)(c)                                                               (75 scoreable questions plus 11 pretest questions)
         6. Rebates                                                                                I. TYPES OF PROPERTY POLICIES .....................................10
             Ref: 10-3-1104(1)(g)                                                                      A. Homeowners
         7. Unfair claims practices                                                                        1. HO-2
             Ref: 10-3-1104(1)(h); Reg. 5-1-14                                                             2. HO-3
         8. Colorado Fraud Statute                                                                         3. HO-4
             Ref: 10-1-128; Reg. 6-5-1                                                                     4. HO-5
II.   COLORADO STATUTES, RULES, AND, REGULATIONS                                                           5. HO-6
      COMMON TO PROPERTY AND CASUALTY INSURANCE                                                            6. HO-8
      ONLY .............................................................................. 4            B. Dwelling policies
      A. Rate regulations...................................................... 1                          1. DP-1
         Ref: 10-4-401; 10-4-403; 10-4-416                                                                 2. DP-2
         1. Misquotes                                                                                      3. DP-3
      B. Summary disclosure form ..................................... 1                               C. Inland marine
         Ref: 10-4-111; 10-4-636; Reg. 5-2-16                                                              1. Personal Articles floaters
      C. Commercial policy requirements .......................... 1                                       2. Nationwide Definition
         Ref: 10-4-109.7; 10-4-110; 10-4-110.4; 10-4-110.5; 10-4-                                      D. National Flood Insurance Program
         1401 through 10-4-1404; 13-20-808; Reg. 5-1-13                                                E. Others


COLORADO Insurance - Examination Content Outlines                                                                                           Effective Date: January 1, 2012



                                                                                              S8
        1. Earthquake                                                                   P. Vacancy and unoccupancy
        2. Mobile Homes                                                                 Q. Liability
        3. Watercraft                                                                      1. Absolute
        4. Crop/hail                                                                       2. Strict
        5. Windstorm                                                                       3. Vicarious
II. TYPES OF CASUALTY POLICIES .................................... 13                  R. Negligence
     A. Automobile: personal auto                                                       S. Binder
        1. Liability                                                                    T. Endorsements
           a. Bodily Injury                                                             U. Medical Payments
           b. Property Damage                                                           V. Blanket vs. Specific
           c. Split Limits                                                              W. Burglary, Robbery, Theft, and Mysterious
           d. Combined Single Limit                                                        Disappearance
        2. Medical Payments                                                             X. Warranties
        3. Physical Damage (collision; other than collision;                            Y. Representations
           specified perils)                                                            Z. Concealment
        4. Uninsured motorists                                                         AA. Deposit Premium/Audit
        5. Underinsured motorists                                                      BB. Certificate of Insurance
        6. Who is an insured                                                           CC. Damages
        7. Types of Auto                                                                   1. Compensatory
           a. Owned                                                                           a. General
           b. Non-owned                                                                       b. Special
           c. Hired                                                                        2. Punitive
           d. Temporary Substitute                                                     DD. Compliance with Provisions of Fail Credit Reporting
           e. Newly Acquired Autos                                                         Act
           f. Transportation Expense and Rental Reimbursement
                                                                                      IV. PROPERTY AND CASUALTY POLICY PROVISIONS AND
               Expense
                                                                                         CONTRACT LAW ..............................................................24
        8. Exclusions
                                                                                          A. Declarations
     B. Umbrella/Excess liability
                                                                                          B. Insuring agreement
III. PROPERTY AND CASUALTY INSURANCE TERMS AND                                            C. Conditions
     RELATED CONCEPTS ..................................................... 28            D. Exclusions
     A. Insurance                                                                         E. Definition of the insured
         1. Law of Large Numbers                                                          F. Duties of the insured
     B. Insurable interest                                                                G. Obligations of the insurance company
     C. Risk                                                                              H. Mortgagee rights
         1. Pure vs. Speculative Risk                                                      I. Proof of loss
     D. Hazard                                                                            J. Notice of claim
         1. Moral                                                                         K. Appraisal
         2. Morale                                                                        L. Other Insurance Provision
         3. Physical                                                                     M. Assignment
     E. Peril                                                                             N. Subrogation
     F. Loss                                                                              O. Elements of a contract
         1. Direct                                                                        P. Warranties, representations, and concealment
         2. Indirect                                                                      Q. Sources of underwriting information
     G. Loss Valuation                                                                    R. Fair Credit Reporting Act
         1. Actual cash value                                                             S. Privacy Protection (Gramm Leach Bliley)
         2. Replacement cost                                                              T. Policy Application
         3. Market value                                                                  U. Terrorism Risk Insurance Act (TRIA)
         4. Stated value                                                                  V. Cancellation and nonrenewal provisions
         5. Salvage value                                                                W. Additional (supplementary) payments
     H. Proximate cause                                                                   X. Arbitration
      I. Deductible
     J. Indemnity                                                                           PERSONAL LINES-COLORADO SPECIFIC
     K. Limits of liability                                                                          CONTENT OUTLINE
     L. Coinsurance/Insurance to value                                                        State Laws, Rules and Regulations
     M. Occurrence
                                                                                                    (29 questions plus 4 pretest questions)
     N. Cancellation
     O. Nonrenewal

COLORADO Insurance - Examination Content Outlines                                                                               Effective Date: January 1, 2012



                                                                                 S9
I.    COLORADO STATUTES, RULES, AND REGULATIONS                                               III.   COLORADO STATUTES, RULES, AND REGULATIONS
      COMMON TO LIFE, SICKNESS AND ACCIDENT,                                                         PERTINENT TO PROPERTY INSURANCE
      PROPERTY (FIRE), CASUALTY, AND PERSONAL LINES                                                  ONLY .............................................................................2
      INSURANCE................................................................... 19
      A. Insurance Commissioner....................................... (1-3)
                                                                                                     A. Fraudulent Claims and Arson Information
         1. Power and duties
            Ref: 10-1-104; 10-1-108; 10-1-109; 10-1-201 through                                         Reporting Act
                                                                                                        Ref: 10-4-1001 through 1008; 10-1-128; Reg. 6-5-1
            204; 10-3-105; 10-3-202 through 208; 10-3-1106
                                                                                                     B. Insurance and loans secured by real property
         2. Hearings and penalties
            Ref: 10-2-801, 10-2-804; 10-3-1104; 10-3-1107;                                              Ref: 10-4-114
                                                                                                     C. Homeowners Cancellation and Nonrenewal
            10-3-1111; 10-3-1108; 10-3-1109
                                                                                                        Ref: 10-4-110.7
         3. License suspension and revocation
            Ref: 10-2-801; 10-2-803                                                                  D. Availability of Fire Insurance
                                                                                                        Ref: 10-4-110.7; 10-4-110.9; Reg. 5-1-17
      B. Licensing and producers’ legal responsibility .... (8-9)
         1. Persons required to be licensed
            Ref: 10-2-103(6); 10-2-105; 10-2-201; 10-2-401;                                   IV.    COLORADO STATUTES, RULES, AND REGULATIONS
            10-2-404; 10-2-407; 10-2-408; 10-2-412;                                                  PERTINENT TO CASUALTY INSURANCE ONLY ........5
            10-2-416; 10-2-701; Reg. 1-2-10
         2. Surplus Lines                                                                            A. Automobile insurance ............................................(4-5)
            Ref: 10-2-408; 10-5-103; 10-5-111; Reg. 2-4-1                                               1. Cancellation/nonrenewal
         3. Payment and acceptance of commissions/fees                                                      Ref: 10-4-602; 10-4-603; 10-4-604; 10-4-626 through
            Ref: 10-2-702; Reg. 1-2-9                                                                       630; Reg. 5-2-12
         4. Fiduciary/commingling                                                                       2. Excluded drivers
            Ref: 10-2-704; Reg. 1-2-1                                                                       Ref: 10-4-628; 10-4-629; 10-4-630; Reg. 5-2-2
         5. Continuing education                                                                        3. Uninsured motorist/Underinsured motorist
            Ref: 10-2-301; 10-3-904.5; Reg. 1-2-4                                                           Ref: 10-4-609; 10-4-610; 10-4-620; 42-7-103(2); 42-7-
         6. Unauthorized entities                                                                           103(7)
            Ref: 10-3-903 through 10-3-904.5; 10-3-906; 10-3-908                                        4. Financial responsibility
      C. Unfair competition and deceptive practices ........ (8-9)                                          Ref: 10-4-619; 10-4-620; 42-7-103(2); 42-7-301
         1. Coercion                                                                                    5. Required coverages
            Ref: 10-3-1104(1)(d); 10-3-1105                                                                 Ref: 10-4-619 through 621
         2. Misrepresentation                                                                           6. Medical Payment Coverage
            Ref: 10-3-1104(1)(a); 10-1-128                                                                  Ref: 10-4-635; 10-4-636, 10-4-641; Reg. 5-2-16
         3. Unfair discrimination                                                                    B. Colorado Auto Insurance Plan...............................(0-1)
            Ref: 10-3-1104(1)(f); 10-3-1104.5                                                           Ref: 10-4-412
         4. Controlled business
            Ref: 10-2-401(4)                                                                          COLORADO CREDIT EXAMINATION
         5. Defamation
                                                                                                                         CONTENT OUTLINE
            Ref: 10-1-116; 10-3-1104(1)(c)
         6. Rebates                                                                                                      (30 scoreable questions)
            Ref: 10-3-1104(1)(g)                                                              I.     COLORADO STATUTES, RULES, AND REGULATIONS
         7. Unfair claims practices                                                                  COMMON TO LIFE, SICKNESS AND ACCIDENT,
            Ref: 10-3-1104(1)(h); 10-16-214; Reg. 5-1-14                                             PROPERTY (FIRE), AND CASUALTY INSURANCE ....5
         8. Colorado Fraud Statute                                                                   A. Insurance Commissioner
            Ref: 10-1-128; Reg. 6-5-1                                                                   1. Power and duties
                                                                                                           Ref: 10-1-104; 10-1-108; 10-1-109; 10-1-201 through
II.   COLORADO STATUTES, RULES, AND, REGULATIONS,                                                          204; 10-3-105; 10-3-202 through 208; 10-3-1106
      COMMON TO PROPERTY, CASUALTY, AND PERSONAL                                                        2. Hearings and penalties
      LINES INSURANCE ONLY ............................................ 3                                  Ref: 10-2-804; 10-3-1104; 10-3-1107; 10-3-1111; 10-3-
                                                                                                           1108; 10-3-1109
                                                                                                        3. License suspension and revocation
      A. Rate regulations...................................................... 1
                                                                                                           Ref: 10-2-801; 10-2-803
         Ref: 10-4-401; 10-4-403; 10-4-416
                                                                                                     B. Licensing and producers’ legal responsibility
         1. Misquotes
                                                                                                        1. Persons required to be licensed
      B. Summary disclosure form ..................................... 1
                                                                                                           Ref: 10-2-103(6); 10-2-106; 10-2-201; 10-2-401;
         Ref: 10-4-111; 10-4-636; Reg. 5-2-16
                                                                                                           10-2-404; 10-2-407; 10-2-408; 10-2-412;
      C. Use of Credit Information ....................................... 1
                                                                                                           10-2-416; Reg. 1-2-10
         Ref: 10-4-116

COLORADO Insurance - Examination Content Outlines                                                                                            Effective Date: January 1, 2012



                                                                                        S10
         2. Surplus Lines                                                                            5. Appraisal
            Ref: 10-2-408; 10-5-103; 10-5-111; Reg. 2-4-1                                            6. Company options
         3. Payment and acceptance of commissions/fees                                               7. Cancellation
            Ref: 10-2-702; Reg. 1-2-9                                                                8. Additional coverages
         4. Fiduciary/commingling                                                              B.   Personal Lines coverage
            Ref: 10-2-704; Reg. 1-2-1                                                                Ref: ISO Homeowners policies
         5. Continuing education                                                                     1. Dwelling and Contents
            Ref: 10-2-301; Reg. 1-2-4                                                                2. Homeowners and forms/coverages
         6. Unauthorized entities                                                                       a. Policy provisions
            Ref: 10-3-904.5; 10-3-906; 10-3-908; 10-3-104                                                       i. Duties after loss
      C. Unfair competition and deceptive practices                                                             ii. Loss settlement provisions
         1. Coercion                                                                                    b. Replacement costs
            Ref: 10-3-1104(1)(d); 10-3-1105                                                             c. Guaranteed replacement costs
         2. Misrepresentation                                                                           d. Appraisal
            Ref: 10-3-1104(1)(a)                                                                        e. Optional provisions
         3. Unfair discrimination                                                                       f. Special limits of liability
            Ref: 10-3-1104(1)(f); 10-3-1104.5                                                           g. Proof of Loss
         4. Controlled business                                                                         h. Additional Living Expense
            Ref: 10-2-401(4)                                                                         3. General Property forms
         5. Defamation                                                                         C.   Commercial Lines coverage
            Ref: 10-1-120; 10-3-1104(1)(c)                                                           Ref: ISO Business Policies, Standard Boiler and Machinery
         6. Rebates                                                                                  policies
            Ref: 10-3-1104(1)(g)                                                                     1. Commercial Property forms
         7. Unfair claims practices                                                                     a. Commercial property and buildings
            Ref: 10-3-1104(1)(h); Reg. 5-1-14                                                           b. Causes of Loss
         8. Colorado Fraud Statute                                                                      c. Coinsurance
            Ref: 10-1-128; Reg. 6-5-1                                                                2. Commercial Package Policy (CPP)
                                                                                                     3. Boiler and Machinery
 II. COLORADO STATUTES, RULES, AND TITLE 10,
                                                                                                     4. Business owner policy
     ARTICLE 10, REGULATIONS PERTINENT TO CREDIT
     INSURANCE.................................................................. 25                  5. Commercial and Special Multi-peril
        Ref: Reg. 4-9-2 all sections                                                                 6. Business Interruption
     A. Definitions and general concepts                                                       D.   Inland Marine
        Ref: 10-10-103, 10-10-107                                                                    Ref: Personal Article Floaters, Personal Property Floaters,
     B. Policy Provisions                                                                            Commercial Property Floaters
        Ref: 10-10-108                                                                               1. Definitions
     C. Benefits and Rates                                                                           2. Policies
        Ref: 10-10-108, 10-10-109                                                                       a. Personal floaters
     D. Claims procedures                                                                               b. Commercial floaters
        Ref: 10-10-112                                                                                  c. Commercial Inland Marine policy
     E. Delivery of policy/certificate                                                               3. Free On Board (F.O.B.)
        Ref: 10-10-108                                                                         E.   Additional Coverages and Exclusions
                                                                                                     1. Business Interruption
                                                                                                     2. Time Element
                                                                                                     3. Law and Ordinance exclusion
           COLORADO PUBLIC ADJUSTER                                                                  4. Law and Ordinance coverage
           EXAMINATION CONTENT OUTLINE                                                               5. Valuable Papers and Records
                         (55 scoreable questions)                                                    6. Debris removal
                                                                                               F.   Bonds
I.    GENERAL PROPERTY INSURANCE PRODUCT
      KNOWLEDGE PERTINENT TO ADJUSTERS                                                      II. INSURANCE TERMS AND CONCEPTS
         Ref: All topics make reference to general product knowledge,                           A. Peril
         unless otherwise noted                                                                     1. Open peril
      A. Standard Fire Policy                                                                       2. Named peril
          Ref: New York Standard Fire Policy                                                    B. Waiver/non-waiver agreement
          1. Basic coverages, provisions, and clauses                                           C. Estoppel
          2. Limitations and restrictions                                                       D. Insurance contract and clauses
          3. Proof of Loss                                                                      E. Proof of Loss
          4. Loss requirements and inventories

COLORADO Insurance - Examination Content Outlines                                                                             Effective Date: January 1, 2012



                                                                                      S11
      F. Depreciation/Betterment                                                           1.   Syndicates
      G. Deductible                                                                        2.   Alien
      H. Liability                                                                         3.   Foreign
      I. Valued policy                                                                     4.   Lloyd’s
      J. Appraisal clause                                                                  5.   Non-admitted Surplus Lines Insurers
      K. Actual Cash Value as opposed to Fair Market Value                                    a. Approved List
      L. Robbery                                                                    D.    Courtesy Filings
      M. Burglary                                                                         Ref: Reg. 2-4-1(11)
      N. Agreed Value                                                               E.    Exemptions
      O. Replacement Cost                                                                 Ref: 10-5-101.5
      P. National Flood Insurance                                                   F.    Conditions/Procurement
      Q. Indemnity                                                                        Ref: 10-5-101; 10-5-103; Reg. 2-4-1
      R. Apportionment clause                                                       G.    Disclosures
      S. Coinsurance                                                                      Ref: 10-5-104; 10-5-119; Reg. 2-4-1(4)
      T. Insurable Interest                                                         H.    Affidavit
      U. Blanket coverage                                                                 Ref: 10-5-103; Reg. 2-4-1(7)(B); 2-4-1(11)
      V. Subrogation                                                                I.    Endorsement
      W. Misrepresentation/Fraud                                                          Ref: 10-5-104; Reg. 2-5-1
      X. Release                                                                    J.    Premium Rates
      Y. Insured                                                                          Ref: 10-4-401; 10-5-103; Reg. 2-4-1(5)
                                                                                    K.    Premium Tax
III. General Public Adjuster practices, responsibilities, and                             Ref: 10-5-111; Reg. 2-4-1 (7)(A) (B)
     duties                                                                                1. Acceptable premium tax reporting forms and
                                                                                                 procedures
IV. COLORADO LAWS AND REGULATIONS PERTINENT TO
                                                                                              Ref: Bulletin-2.7(III)
     PUBLIC ADJUSTERS
                                                                                    L.    Annual Statement
     A. Regulation and licensing of Public Adjusters
        Ref: 10-2-417; 10-2-801; Reg. 1-2-12                                              Ref: 10-5-110
                                                                                    M.    Records
     B. Public Adjuster practices, responsibilities, and
                                                                                          Ref: 10-5-109; 10-5-116; Reg. 2-4-1(6); 2-4-1(7)
         duties
        Ref: Reg. 1-1-2; 1-2-12                                                     N.    Penalties
                                                                                          Ref: 10-5-108, 10-5-112, 10-5-113, 10-5-114, 10-5-116
     C. Unfair Claims Settlement and Trade Practices
        Ref: 10-3-1104; 10-3-1107
     D. Claims Handling
        1. Fraudulent & Arson Reporting                                                    TITLE-GENERAL KNOWLEDGE
            Ref: 10-4-1001 to 10-4-1008                                                              CONTENT OUTLINE
        2. Property damage – time of payment                                             Product Knowledge, Terms, and Concepts
            Ref: 10-4-112
                                                                                                    (35 scoreable questions)
        3. Requirement on hazard insurance loans secured by
            real property                                                     I.    TITLE INSURANCE TERMS AND CONCEPTS.............8
            Ref: 10-4-114                                                           A. Commitment
                                                                                    B. Policy
                                                                                    C. Exception
     COLORADO SURPLUS LINES BROKER                                                  D. Requirement
           CONTENT OUTLINE                                                          E. Endorsement
                                                                                    F. Insurer/Underwriter
                    (35 scoreable questions)
                                                                                    G. Chain of Title
                                                                                    H. Closing and Settlement
I.   COLORADO SURPLUS LINES STATUTES AND                                            I. Title Agent
     REGULATIONS                                                                    J. Fiduciary Responsibilities
      A. Purpose of Surplus Lines Regulation                                        K. Search and Examination
         Ref: 10-5-101.1; 10-5-112; 10-7-102; Reg. 2-4-1(7)
                                                                              II.   TITLE INSURANCE POLICIES ......................................7
      B. Definitions
                                                                                    A. Types of Policies
         Ref: 10-1-102; 10-5-101.2; 10-5-103; 10-5-104; 10-5-106; 10-
                                                                                       1. Owners
         5-107; Reg. 2-4-1(6)
                                                                                           a. ALTA Forms
      C. Qualifications for Surplus Lines Insurers
                                                                                       2. Loan
         Ref: 10-5-101; 10-5-108; 10-5-114; Reg. 2-4-1(8); 2-4-1(9);
                                                                                       3. Construction Loan
         2-4-1(10)

COLORADO Insurance - Examination Content Outlines                                                                  Effective Date: January 1, 2012



                                                                        S12
       B. Policy Provisions                                                                                Ref: 10-11-106; 10-11-116; Reg. 1-1-7; 1-1-8
          1. Insuring Clause                                                                            5. Closing Instructions
          2. Terms, Conditions, and Stipulations                                                           Ref: Reg. 3-5-1
          3. Exclusions                                                                                 6. Search and examination
                                                                                                           Ref: 10-11-106
III.   REAL ESTATE OWNERSHIP........................................ 5
                                                                                                        7. Privacy notices
       A. Joint Tenancy
                                                                                                           Ref: Reg. 6-4-1; 6-4-2
       B. Tenants In Common
       C. Fee Simple
                                                                                                   E. Standards of Conduct/Licensing...........................10
       D. Life Estate
                                                                                                       1. Insurance Commissioner
       E. LeaseHold
                                                                                                          a. Power and duties
IV.    RIGHTS AND INTERESTS ............................................ 5                                   Ref: 10-1-104; 10-1-108; 10-1-109; 10-1-201 through
       A. Easement and Right of Way                                                                           204; 10-3-105; 10-3-202 through 208; 10-3-1106
       B. Liens                                                                                           b. Hearings and penalties
          1. Voluntary                                                                                       Ref: 10-2-801; 10-2-804; 10-3-104; 10-3-1107;
          2. Involuntary                                                                                      10-3-1108; 10-3-1109; 10-3-1111; Reg. 3-5-1
       C. Covenants, Conditions, and Restrictions                                                         c. License suspension and revocation
                                                                                                             Ref: 10-2-801; 10-2-802; 10-2-803; 10-2-804
V.     LEGAL DESCRIPTIONS................................................ 5
                                                                                                       2. Licensing and producers’ legal responsibility
       A. Platted and Unplatted
                                                                                                          a. Persons required to be licensed
       B. Section, Township, and Range
       C. Metes and Bounds                                                                                   Ref: 10-2-103(6); 10-2-105; 10-2-201; 10-2-401;
                                                                                                             10-2-404; 10-2-407; 10-2-408; 10-2-412; 10-2-416;
       D. Lot and Block
                                                                                                             10-11-116; Reg. 1-2-10
VI.    METHODS OF TRANSFER/CONVEYANCES............... 5                                                   b. Payment and acceptance of commissions/fees
       A. Warranty Deeds                                                                                     Ref: 10-2-702; Reg. 1-2-9; Reg. 3-5-1
       B. Quitclaim Deeds                                                                                 c. Fiduciary/commingling
       C. Deed of Trust                                                                                      Ref: 10-2-704; Reg. 1-2-1; Reg. 3-5-1
       D. Foreclosure                                                                                     d. Unauthorized entities
       E. Probate                                                                                            Ref: 10-2-401; 10-3-903 through 10-3-904.5; 10-3-906;
                                                                                                             10-3-908
                TITLE-COLORADO SPECIFIC                                                                   e. Change of address
                    CONTENT OUTLINE                                                                          Ref: 10-2-406; 10-2-412
             State Laws, Rules and Regulations                                                            f. Assumed names
                          (40 scoreable questions)                                                           Ref: 10-2-409; 10-2-701; 10-11-117; Reg. 1-2-10
                                                                                                          g. Responsible Producer
I.     COLORADO INSURANCE LAWS AND                                                                           Ref: 10-2-406; Reg. 1-2-10
       REGULATIONS                                                                                        h. Agency Licensing
       A. Definitions ............................................................... 5                      Ref: 10-2-406; 10-11-116
          Ref: 10-1-102; 10-2-103; 10-11-102; Reg. 3-5-1                                               3. Unfair competition and deceptive practices
       B. Rates ........................................................................ 5                a. Coercion
           1. Filing Requirements                                                                            Ref: 10-3-1104(1)(d); 10-3-1105
              a. Closing/Settlement Fees                                                                  b. Misrepresentation
                  Ref: 10-11-118; Reg.3-5-1                                                                  Ref: 10-3-1104(1)(a)
              b. Title Insurance Premiums                                                                 c. Unfair discrimination
                  Ref: 10-4-401; 10-4-403; 10-11-118; Reg.3-5-1                                              Ref: 10-3-1104(1)(f)
           2. Volume Discounts                                                                            d. Controlled business
              Ref: 10-3-1104; 10-4-415; Reg. 3-5-1                                                           Ref: 10-2-401(4); Reg. 3-5-1
       C. Prohibited Practices ............................................... 10                         e. Defamation
          Ref: 10-3-1104; 10-11-108; Reg. 3-5-1                                                              Ref: 10-3-1104(1)(c)
       D. Consumer Protections ........................................... 10                             f. Rebates/Remuneration
           1. Title Commitments                                                                              Ref: 10-3-1104(1)(g); 10-11-108; Reg. 3-5-1
              Ref: 10-11-106; 10-11-122; Reg.3-5-1                                                        g. Unfair claims practices
           2. Mineral Estates                                                                                Ref: 10-3-1104(1)(h)
              Ref: 10-11-123
           3. Complaints to the Division
              Ref: 10-1-108
           4. Retention of Records/Response to Division Inquiries


COLORADO Insurance - Examination Content Outlines                                                                               Effective Date: January 1, 2012



                                                                                             S13
                 COLORADO CROP HAIL                                                                7. Actuarial Documents
                    CONTENT OUTLINE                                                                8. Insured Eligibility
            State Laws, Rules and Regulations                                                      9. Units
                                                                                                   10. Coverage Levels
                  (35 scoreable questions)
                                                                                                   11. Administrative Fees
                                                                                                   12. Life of the Policy
I.     GENERAL INSURANCE TERMS AND CONCEPTS..... 11
                                                                                                   13. Yield/Revenue Guarantees.
       A. Actual cash value                                                                    B. Plans of Insurance
       B. Assignment                                                                               1. Actual Production History (APH)
       C. Binder                                                                                       a. Buy-up Coverage
       D. Coinsurance                                                                                  b. Catastrophic Risk Protection Endorsement (CAT)
       E. Hazard                                                                                   2. Revenue Protection (RP)
       F. Indemnity                                                                                3. Yield Protection (YP)
       G. Insurable interest                                                                       4. Income Protection (IP)
       H. Insuring Agreement                                                                       5. Group Risk Plan (GRP)
       I. Limits of Liability                                                                      6. Group Risk Income Protection (GRIP)
       J. Loss                                                                                     7. Livestock Risk Protection (LRP)
           1. Direct                                                                               8. Livestock Gross Margin (LGM)
           2. Indirect                                                                         C. Policy Provisions
       K. Negligence                                                                               1. Common/Basic Provisions
       L. Occurrence                                                                               2. Coarse Grains Provisions
       M. Peril                                                                                        a. Replant
       N. Pro-rata liability                                                                           b. Prevented Planting
       O. Risk                                                                                         c. Late Planting
       P. Subrogation                                                                              3. Catastrophic Risk Protection Coverage (CAT)
       Q. Tort Law                                                                                      Endorsement
       R. Crop Hail organizations                                                              D. Claims
       S. Federal Acts                                                                             1. Covered Perils
II.    CROP INSURANCE ....................................................... 12                   2. Loss Reporting Requirements
       A. Policy rates                                                                             3. Duties After a Loss
       B. Coverages available                                                            IV.   COLORADO LAWS, RULES, AND REGULATIONS
       C. Policy provisions                                                                    PERTINENT TO CROP INSURANCE ............................5
           1. NCIS general provisions                                                          A. Insurance Commissioner
           2. NCIS Special provisions                                                              1. Power and duties
       D. Liability                                                                                   Ref: 10-1-104; 10-1-108; 10-1-109; 10-1-201 through
       E. Claim Settlement Practices                                                                  204; 10-3-105; 10-3-208; 10-3-1106; 10-4-401
           1. Claims site assessment                                                               2. Hearings and penalties
               a. Site testing                                                                        Ref: 10-2-801; 10-2-804; 10-3-1104; 10-3-1107; 10-3-
               b. Standard measures                                                                   1108; 10-3-1109; 10-3-1111
               c. Location                                                                         3. License suspension and revocation
           2. Notice of loss                                                                          Ref: 10-2-108; 10-2-801; 10-2-803
           3. Insured’s duties                                                                 B. Licensing and producers’ legal responsibility
           4. Agent’s duties                                                                       1. Licensing requirements
           5. Percentage Plan                                                                         Ref: 10-2-103(6); 10-2-105; 10-2-201; 10-2-401; 10-2-
           6. Arbitration and appraisal                                                               404; 10-2-407; 10-2-408; 10-2-412; 10-2-416; 10-2-
           7. Loss payment                                                                            502; 10-2-701; Reg. 1-2-10
       F. Cancellation and nonrenewal                                                              2. Fiduciary/commingling
       G. NCIS policies                                                                              Ref: 10-2-704; Reg. 1-2-1
III.   MULTIPLE PERIL CROP INSURANCE......................... 7                                C. Unfair competition and deceptive practices
       A. Fundamentals of Multiple Peril Crop Insurance (MPCI)                                     1. Coercion
            1. Actual Production History (APH)                                                        Ref: 10-3-1104(1)(d); 10-3-1105
            2. Production Reporting                                                                2. Misrepresentation
            3. Acreage Reporting                                                                      Ref: 10-3-1104(1)(a)
            4. Important Dates                                                                     3. Unfair discrimination
            5. Written Agreements                                                                     Ref: 10-3-1104(1)(f); 10-3-1104.5
            6. High Risk Land                                                                      4. Controlled business
                                                                                                      Ref: 10-2-401(4)

COLORADO Insurance - Examination Content Outlines                                                                          Effective Date: January 1, 2012



                                                                                   S14
           5. Defamation                                                                  V.    RESPONSIBILITIES OF BAILBOND PRODUCERS .....18
              Ref: 10-1-116; 10-3-1104(1)(c)                                                    Ref: 10-2-101; 10-2-407; 10-2-412; 10-2-701, 702, 704, 801;
           6. Rebates                                                                           10-4-404; 12-7-101; 12-7-103; 12-7-105 through 110.5; 111, 113;
              Ref: 10-3-1104(1)(g)                                                              16-3-503; 16-4-101 through 110; 16-4-112; 16-4-105; 16-4-201;
           7. Unfair claims practices                                                           Reg. 1-2-1; 1-2-10; 1-2-14; 5-2-201; 5-6-202(1); 5-6-202 through
              Ref: 10-3-1104(1)(h); 10-16-214; Reg. 5-1-14                                      203; 5-6-203(1)(2) and (4)
           8. Colorado Fraud Statute                                                            A. Record keeping
              Ref: 10-1-128; Reg. 6-5-1                                                            1. Daily Bond Register
       D. Colorado Crop Hail Insurance Law                                                         2. Disclosure Statement
           1. Rate filings                                                                         3. Indemnity Agreement
              Ref: 10-4-401; 10-4-403; 10-4-416                                                    4. Prenumbered Receipts
                                                                                                   5. Permanent Office Records
                                                                                                   6. Audits/Market Conduct
           COLORADO BAIL BONDING AGENT                                                          B. Forfeitures
                  Content Outline                                                               C. Exoneration
                  (50 Questions)                                                                D. Bail Recovery
                                                                                                E. Reporting requirements
I.     LICENSING APPOINTMENT AND TERMINATION                                                       1. Self-disclosure
       REQUIREMENTS ........................................................... 7
                                                                                                   2. Failure to Disclose
       Ref: 10-2-103; 10-2-401 through 416; 10-2-701; 10-2-801
                                                                                                   3. Yearly Reports
       10-2-802; 10-16-415.7; 12-7-101 through 106; Reg. 1-2-6; 1-2-10;
                                                                                                   4. Change of address
       1-2-16
                                                                                                F. Fiduciary responsibility
       A. Definitions
                                                                                                   1. Collateral
       B. Examination
                                                                                                      a. Release
       C. Licensing eligibility
                                                                                                   2. Commissions, fees, and premiums
       D. Insurer relationships
                                                                                                      a. Uniform Consumer Credit Code
       E. Appointment and Termination
                                                                                                      b. Premium Financing Fees/Tax
           1. Contractual Requirements
                                                                                                      c. Splitting commissions
           2. Termination for Cause
                                                                                                   3. Taxes
           3. Renewal
                                                                                                G. Service of Process
II.    POWERS AND DUTIES OF THE INSURANCE
                                                                                          VI. DEFINITIONS ...................................................................9
       COMMISSIONER ........................................................... 5
                                                                                              Ref: 10-2-407; 10-7-101; 12-7-101(1); 12-7-108; 12-7-109;
       Ref: 10-1-102(7); 10-1-108; 10-1-204; 10-2-401; 10-2-413; 10-2-
                                                                                              16-4-101; 16-4-103; 16-4-104; 16-4-112; 16-4-201; Black’s Law
       801 through 804; 10-2-704; 12-7-102; 12-7-105 through 109; 12-
                                                                                              Dictionary; Dictionary of Insurance Terms
       7-113; Reg. 1-2-10; 1-2-14
                                                                                               A. Bail
       A. Reporting requirements
                                                                                               B. Bail bonds
       B. Records retention
                                                                                               C. Principal
       C. License denial, suspension, revocation
                                                                                               D. Collateral
       D. Administrative hearings
                                                                                               E. Forfeitures
       E. Examinations
                                                                                               F. Power of Attorney
III.   UNFAIR TRADE PRACTICES ....................................... 6                        G. Recognizance
       Ref: 10-2-401, 412; 10-2-702; 10-2-801, 804; 10-3-1104; 1108;                           H. Indemnitor
       12-7-101, 106, 108, 109                                                                 I. Bailable offenses
       A. Misrepresentation                                                                    J. Fiduciary
       B. Rebating and prohibited inducements                                                  K. Premium
       C. Prohibited activities and penalties                                                  L. Extradition
       D. Employee supervision                                                                 M. Indemnity Agreement
       E. Misappropriating                                                                     N. Surety
IV.    BAIL BOND PROCEDURES.......................................... 5
       Ref: 10-2-102(6); 10-2-701; 12-7-101; 12-7-103; 12-7-105.5; 12-
       7-108; 12-7-109; 12-7-109(1)(l); 16-4-101 through 112; 16-4-201;
       Reg. 1-2-14
       A. Discharging bail
       B. Recommitment of defendant
       C. Forfeitures
       D. General business practices


COLORADO Insurance - Examination Content Outlines                                                                                     Effective Date: January 1, 2012



                                                                                    S15

				
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