State RegulationsCO specificDifficulty 1/5
Which Colorado official is responsible for administering the state's insurance statutes, receiving and investigating complaints against insurers and producers, and adopting rules that govern the business of insurance?
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Answer & full 3-part explanation (select an option above, or peek)
Why A is correct
The Colorado Commissioner of Insurance, acting through the Division of Insurance, administers Title 10 of the Colorado Revised Statutes: C.R.S. § 10-1-108 governs complaints to the Division, C.R.S. § 10-1-109 authorizes rulemaking, and the Commissioner's general powers include investigations and examinations of the insurance business. No other state officer or body holds this regulatory authority.
Why the other options are wrong
- B) The Attorney General prosecutes law violations generally but does not administer the insurance code or adopt insurance rules under Title 10.
- C) The State Treasurer manages state funds and has no authority over insurance licensing, complaints, or rulemaking.
- D) A legislative committee writes statutes but does not administer, investigate, or regulate the day-to-day business of insurance.
Memory hook
One Commissioner, Title 10 — complaints, rules, exams all land there.