State RegulationsCO specificDifficulty 1/5
Under C.R.S. 10-3-1104(1)(f), life insurance rates and benefits may not be discriminated between individuals who share which two characteristics?
Select an option to reveal the answer and the full 3-part explanation — free, no signup.
Answer & full 3-part explanation (select an option above, or peek)
Why A is correct
For life insurance, C.R.S. 10-3-1104(1)(f) makes it unfair discrimination to differentiate between individuals of the same class and equal expectation of life in premiums, benefits, or policy terms. Actuarially equal risks must be treated alike under the Colorado unfair-competition statute.
Why the other options are wrong
- B) Occupation and premium mode are not the statutory test for life discrimination under this subsection.
- C) Sharing an insurer or a policy year has no bearing on the discrimination standard.
- D) Residence and beneficiary designation are not the two characteristics the statute identifies.
Memory hook
Life: same class, equal expectation - equal treatment.