State RegulationsCO specificDifficulty 2/5
A Denver manufacturer buys a group life policy for its employees. Under Colorado group life law, what do the covered employees receive?
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Answer & full 3-part explanation (select an option above, or peek)
Why D is correct
Colorado group life law (C.R.S. § 10-7-201 to 207) is built on a master policy between the insurer and the group policyholder — here, the employer. Individual employees are insureds under that master policy and receive certificates evidencing their coverage, along with the right to name a beneficiary. The certificate informs each member of the protection; it is not a separately underwritten individual policy.
Why the other options are wrong
- A) Group coverage does not involve individually issued policies; the master policy and certificates are the mechanism.
- B) Employees are not left without documentation — they receive certificates and may name their own beneficiaries.
- C) Group life is written under its own master policy under C.R.S. § 10-7-201 to 207, not as a rider to a health plan.
Memory hook
Employer holds the master, members hold the certificate.