State RegulationsCO specificDifficulty 1/5
Under C.R.S. § 10-3-1104(1)(f), Colorado life insurance rates may differ between individuals only when the individuals differ in:
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Answer & full 3-part explanation (select an option above, or peek)
Why B is correct
For life insurance, C.R.S. § 10-3-1104(1)(f) prohibits discrimination between individuals of the same class and equal expectation of life. Rate differences must rest on genuine differences in class and expectation of life, not on arbitrary personal traits; anything else is unfair discrimination under Colorado law.
Why the other options are wrong
- A) Income and net worth are not the statutory standard Colorado applies to life rate discrimination.
- C) Residence alone is not the standard; the statute keys on class and expectation of life.
- D) Classifying solely on marital status or sex is expressly prohibited absent actuarial justification or a family-unit design.
Memory hook
Life rates: same class and equal expectation means no difference.