Question 1
A Colorado resident wants to sell and negotiate accident and health insurance policies. What must the person have before performing those activities?
Correct Answer:
A valid Colorado insurance producer license with the appropriate line of authority
Explanation:
C.R.S. § 10-2-401 requires a person who sells, solicits, or negotiates insurance in Colorado to be duly licensed and authorized for the applicable line of insurance.
Question 2
In a dispute between a Colorado insured and an insurer, how is a producer who solicited or negotiated the application on behalf of that insurer generally regarded?
Correct Answer:
As representing the insurer
Explanation:
Under C.R.S. § 10-2-401, a producer who solicits or negotiates an application on behalf of an insurer is regarded as representing the insurer, not the insured or beneficiary, in a controversy between them.
Question 3
A Colorado producer is the subject of a final administrative action by another state's insurance regulator. By when must the producer report the action to the Colorado commissioner?
Correct Answer:
Within 30 days after final disposition
Explanation:
C.R.S. § 10-2-801 requires a producer to report an administrative action taken in another jurisdiction within 30 days after the final disposition of the matter.
Question 4
A Colorado insurance producer is criminally prosecuted in another jurisdiction. When does the Colorado reporting period begin for purposes of the producer's duty to report the prosecution?
Correct Answer:
After the initial pretrial hearing
Explanation:
C.R.S. § 10-2-801 requires a producer to report a criminal prosecution within 30 days after the initial pretrial hearing and to provide the required legal documents.
Question 5
A producer's Colorado license was revoked, and the producer now wants to apply for a new license. What minimum waiting period applies before a new application may be made under the licensing discipline statute?
Correct Answer:
2 years
Explanation:
C.R.S. § 10-2-801 provides that a person whose license was revoked, or who surrendered a license to avoid discipline, may not apply for a new license for two years.
Question 1
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About this Exam

The Certified Information Systems Auditor (CISA) certification, issued by ISACA, is the global standard for professionals charged with auditing, controlling, monitoring, and assessing an organization’s information technology and business systems. This revered designation validates your expertise and proves your ability to manage vulnerabilities, report on compliance, and institute controls within the enterprise.

The [CISA Domain 2 Practice Exam] is specifically designed to help candidates master one of the most critical and heavily weighted components of the overall certification: Governance and Management of IT. Domain 2 accounts for 18% of the final CISA exam. This practice test is intended for IT auditors, risk professionals, security managers, and compliance officers who need to ensure they can evaluate whether an organization has the necessary leadership, organizational structures, and processes in place to support the organization's strategies and objectives.


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