State RegulationsCO specificDifficulty 1/5
A Colorado producer wants to add long-term care policies to her product line. Under the Division of Insurance's requirements, what training must she complete before selling LTC coverage?
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Answer & full 3-part explanation (select an option above, or peek)
Why D is correct
Under the Colorado Division of Insurance's requirements for long-term care producers, a producer must complete 16 total LTC course credits before selling LTC coverage, of which 8 must be classroom credits specific to LTC partnerships. Ongoing training then continues at 5 classroom credits every 2 years beginning with the second 2-year period after the initial requirement.
Why the other options are wrong
- A) The 5-credit figure is the ongoing requirement that begins with the second 2-year period, not the pre-sale training requirement.
- B) 8 is the partnership-specific subset of the 16-credit total, not the total itself, and the partnership component is mandatory.
- C) The 16 credits must be completed before selling LTC coverage, not within the first 2 years after sales begin.
Memory hook
16 before you sell LTC, 8 on partnerships, 5 forever after.