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Property & Casualty Insurance

Inside the Colorado Property & Casualty Insurance Key Facts Digest: What's in Your Resources Tab

Every Colorado property and casualty track on passvana has a Resources tab of quick-reference material built from the official exam outline and the state's own insurance code, with each fact checked against its source. Here is what is in it.

Colorado Property Insurance Exam

  • Tables: Colorado Property Exam: Structure, Weights & Who Takes It (free); Property Policies: Homeowners, Dwelling, Commercial Property & Inland Marine; Colorado Insurance Law: Key Rules for Property Producers
  • Flashcard decks: Colorado Property Exam & Insurance Law Quick Facts (free); Property Numbers & Concepts

Colorado Casualty Insurance Exam

  • Tables: Colorado Casualty Exam: Structure, Weights & Who Takes It (free); Liability Policies: CGL, Auto, Workers' Comp, Crime, Bonds & Professional; Colorado Insurance Law: Key Rules for Casualty Producers
  • Flashcard decks: Colorado Casualty Exam & Insurance Law Quick Facts (free); Casualty Numbers & Concepts

Colorado Personal Lines Insurance Exam

  • Tables: Colorado Personal Lines Exam: Structure, Weights & Who Takes It (free); Property Policies: Homeowners, Dwelling, Commercial Property & Inland Marine; Liability Policies: CGL, Auto, Workers' Comp, Crime, Bonds & Professional; Colorado Insurance Law: Key Rules for Personal Lines Producers
  • Flashcard decks: Colorado Personal Lines Exam & Insurance Law Quick Facts (free); Property Numbers & Concepts; Casualty Numbers & Concepts

A few checked facts worth knowing

  • HO-2 Broad Form The dwelling and other structures are insured on a named-perils basis. The HO-3 and HO-5 insure them against direct physical loss (open perils). (ISO HO 00 02 10 00, Sec. I, Perils Insured Against)
  • NFIP Dwelling Form Insures a one-to-four family residence, a single unit in a condominium building and contents. Pays direct physical loss by flood only: no loss of use or additional living expense. Coverage D, Increased Cost of Compliance, pays up to $30,000. (44 CFR 61 App. A(1) (SFIP Dwelling Form), Art. I.A, III.D, V.A.5)
  • Under Colorado law, how does a person become Colorado's commissioner of insurance? Appointed by the governor, subject to senate confirmation. C.R.S. 10-1-104(1): the commissioner heads the division of insurance and is appointed by, and serves at the pleasure of, the governor, subject to confirmation by the senate. (C.R.S. 10-1-104(1))
  • Newly acquired autos Under the personal auto policy, the insured must ask for coverage within 14 days of becoming the owner when the Declarations show collision coverage on at least one auto. (ISO PP 00 01 09 18, Definitions, your covered auto)

What is free to preview

Items marked free above can be opened by anyone. The rest come with the track, along with its full practice-question bank. For the exam format and passing score, see our Colorado property and casualty insurance exam cheat sheet.

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