State RegulationsCO specificDifficulty 1/5
Under C.R.S. § 10-2-401(1), a Colorado producer who solicits or negotiates an application for insurance is, in any controversy, deemed to represent:
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Answer & full 3-part explanation (select an option above, or peek)
Why A is correct
C.R.S. § 10-2-401(1) provides that a producer who solicits or negotiates an application for insurance on behalf of an insurer represents the insurer, not the insured or the beneficiary, in any controversy between them. Producers should understand this statutory agency relationship when handling disputes that arise after a sale.
Why the other options are wrong
- B) The statute expressly places the soliciting or negotiating producer on the insurer's side of the controversy, not the insured's.
- C) A beneficiary is not the producer's principal under C.R.S. § 10-2-401(1).
- D) The statutory representation runs to the insurer; the agency's own interest is not what the law designates.
Memory hook
Solicit the app, serve the carrier — the producer speaks for the insurer.