State RegulationsCO specificDifficulty 1/5
The Colorado Division of Insurance sends a licensee an Examination Request/Comment Form and, separately, a general inquiry letter about a market practice. Under Colorado Insurance Regulation 1-1-8, what are the response deadlines?
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Answer & full 3-part explanation (select an option above, or peek)
Why D 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 must be answered completely within 20 calendar days. Extensions are available only on written request and at the Division's discretion.
Why the other options are wrong
- A) The 30-day deadline was the pre-2009 text of the regulation; the current Regulation 1-1-8 allows 20 calendar days for general inquiries.
- B) The deadlines are reversed; the Examination Request/Comment Form carries the shorter 10-calendar-day response window.
- C) Neither deadline is 30 calendar days under the current text of Colorado Insurance Regulation 1-1-8.
Memory hook
Form fast at 10, letter later at 20; calendar days under Reg. 1-1-8.