State RegulationsCO specificDifficulty 2/5
Under the required legal-actions provision of C.R.S. § 10-16-202, no action at law or in equity may be brought on an individual Colorado sickness and accident policy later than when?
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Answer & full 3-part explanation (select an option above, or peek)
Why D is correct
C.R.S. § 10-16-202 bars any legal action on an individual S&A policy unless brought after 60 DAYS following written proof of loss and before 3 YEARS from the time written proof was required. The 60-day window gives the insurer time to pay; the 3-year limit extinguishes stale claims. A claimant who waits past the 3-year mark loses the right to sue even if the underlying loss was covered.
Why the other options are wrong
- A) 2 years is the individual disability income preexisting-condition period and the time limit on defenses, not the suit limitation.
- B) 5 years is a record-retention figure in Colorado insurance regulation, not the deadline for suing on an S&A policy.
- C) 60 days is the EARLIEST suit may be brought after proof of loss — measured from proof, not from the date of loss — not the latest.
Memory hook
Suit sleeps 60, dies at 3 years.