It is unlawful to knowingly provide false, incomplete, or misleading facts or information to an insurance company for the purpose of defrauding or attempting to defraud the company. Penalties may include imprisonment, fines, denial of insurance, and civil damages. Any insurance company or agent of an insurance company who knowingly provides false, incomplete, or misleading facts or information to a policyholder or claimant for the purpose of defrauding or attempting to defraud the policyholder or claimant with regard to a settlement or award payable from insurance proceeds shall be reported to the Colorado division of insurance within the department of regulatory agencies.
Source: L. 2003: Entire article RC&RE, p. 601, § 1, effective July 1. L. 2006: (2)(b) amended, p. 1489, § 8, effective June 1. L. 2019: (1) amended, (HB 19-1172), ch. 136, p. 1651, § 31, effective October 1. L. 2020: (1) amended, (HB 20-1183), ch. 157, p. 695, § 32, effective July 1; (1) amended, (HB 20-1230), ch. 274, p. 1347, § 14, effective September 14.
Structure Colorado Code
Article 1 - General Provisions
§ 10-1-101. Legislative Declaration
§ 10-1-103. Division of Insurance - Repeal of Functions
§ 10-1-104. Commissioner of Insurance - Other Employees
§ 10-1-106. Oath Required of Insurance Commissioner and Actuary
§ 10-1-107. Personal Fees Prohibited
§ 10-1-109. Rules of Commissioner
§ 10-1-110. Grounds and Procedure for Suspension or Revocation of Certificate or License of Entities
§ 10-1-111. Invoking Aid of Courts
§ 10-1-112. Policy Conditions Required by Other States
§ 10-1-113. No Seal Required on Policies
§ 10-1-114. Sale of Premium Notes Prohibited
§ 10-1-116. Defamation of Other Companies
§ 10-1-116. Defamation of Other Companies
§ 10-1-117. Company Unauthorized in Other States
§ 10-1-118. Foreign Companies - Unsatisfied Judgments - Suspension
§ 10-1-119. Insurance Vending Machines Prohibited
§ 10-1-120. Reporting of Medical Malpractice Claims
§ 10-1-120.5. Reporting of Malpractice Claims Against Nurses
§ 10-1-121. Reporting of Malpractice Claims Against Physical Therapists
§ 10-1-122. Reporting of Malpractice Claims Against Architects
§ 10-1-123. Reporting of Claims Against Plumbers
§ 10-1-124. Reporting of Podiatric Malpractice Claims
§ 10-1-125. Reporting of Malpractice Claims Against Optometrists
§ 10-1-125.3. Reporting of Malpractice Claims Against Pharmacists and Pharmacies
§ 10-1-125.5. Reporting of Malpractice Claims Against Naturopathic Doctors
§ 10-1-125.7. Reporting of Malpractice Claims Against Audiologists
§ 10-1-126. Training Program for Persons Working With the Aging
§ 10-1-127. Discretionary Use of Administrative Law Judges
§ 10-1-129. Fraudulent Insurance Acts - Enforcement
§ 10-1-130. Availability of Sickness, Health, and Accident Insurance
§ 10-1-131. Duties to Third Parties - Rules
§ 10-1-132. Oversight of the General Assembly
§ 10-1-134. Office of Insurance Ombudsman - Plan - Report to Joint Budget Committee
§ 10-1-136. Insurance Policies - Language Other Than English
§ 10-1-138. Internet Posting of Standard Insurance Provisions - Conditions - Notice of Revisions
§ 10-1-140. Subpoena Authority