State RegulationsCO specificDifficulty 1/5
Under C.R.S. § 10-3-1104(1)(d), an agreement between two Colorado insurers to boycott a competing agent or a class of customers is classified as:
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Answer & full 3-part explanation (select an option above, or peek)
Why D is correct
C.R.S. § 10-3-1104(1)(d) lists boycotts and coercion among the unfair methods of competition and deceptive acts. An agreement between insurers to boycott a competitor, an agent, or a class of customers is therefore prohibited, and the Commissioner may act against the participants through the hearing process under C.R.S. § 10-3-1107.
Why the other options are wrong
- A) Boycott and market-allocation agreements between competitors are not fair practices; the statute expressly names boycotts as unfair.
- B) The conduct is not routed to arbitration; it is an unfair-competition violation enforceable by the Colorado Commissioner of Insurance.
- C) Boycott agreements are expressly prohibited, not permitted, under C.R.S. § 10-3-1104(1)(d).
Memory hook
Boycott the boycott — Colorado calls it unfair competition.