State RegulationsCO specificDifficulty 2/5
A producer in Aurora receives an Examination Request/Comment Form from the Colorado Division of Insurance during a market review of her agency. Under Reg. 1-1-8, a complete response to this form is due within:
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Answer & full 3-part explanation (select an option above, or peek)
Why B is correct
Colorado Insurance Regulation 1-1-8 requires a complete response to an Examination Request/Comment Form within 10 calendar days, while any other Division inquiry allows 20 calendar days. Extensions are available only on written request and at Division discretion, so an agency under examination must move fastest on the formal exam form.
Why the other options are wrong
- A) 20 calendar days is the Reg. 1-1-8 deadline for other Division inquiries, not for the Examination Request/Comment Form.
- C) 30 days was the superseded pre-2009 text of the regulation and is no longer the response window.
- D) 45 calendar days has no basis in Reg. 1-1-8; the regulation sets 10 days for exam forms and 20 days for other inquiries.
Memory hook
Exam forms first: 10 days beats 20.