State RegulationsCO specificDifficulty 1/5
Under C.R.S. § 10-1-128, where must the statutory insurance fraud warning appear?
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Answer & full 3-part explanation (select an option above, or peek)
Why D is correct
C.R.S. § 10-1-128 requires the statutory fraud warning to appear conspicuously on all printed applications, policies, and claim forms, so that every applicant, policyholder, and claimant sees it at the moments fraud matters most. The warning's placement is universal across these documents; no dollar threshold, financial statement, or producer form is involved.
Why the other options are wrong
- A) The warning requirement is not limited by any dollar threshold on claims.
- B) Annual financial statements are not among the documents the statute designates for the warning.
- C) Producer license renewal forms are not the target documents; applications, policies, and claim forms are.
Memory hook
Apply, insure, claim — every one carries the fraud warning, loud and clear.