State RegulationsCO specificDifficulty 2/5
For sickness and accident insurance, Colorado's unfair-discrimination statute, C.R.S. § 10-3-1104(1)(f), permits rate and benefit differences between individuals who:
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Answer & full 3-part explanation (select an option above, or peek)
Why A is correct
For sickness and accident coverage, C.R.S. § 10-3-1104(1)(f) prohibits discrimination between individuals of the same class and essentially the same hazard. Differences are permissible only when the hazard genuinely differs; classifying on marital status or sex alone is barred absent actuarial justification, as the Colorado Division of Insurance enforces.
Why the other options are wrong
- B) Treating equal-hazard insureds of the same class differently is the precise definition of unfair discrimination for S&A coverage.
- C) Classification solely on marital status is prohibited unless actuarially justified or part of a family-unit design.
- D) Classification solely on sex is prohibited absent actuarial justification or a family-unit design.
Memory hook
S&A: same class plus same hazard means same price.