What action may result from an insurer's unfair discrimination according to Colorado laws?

In Colorado, when an insurer engages in unfair discrimination, it is subject to regulatory actions that can include the loss of its business license. Insurers must adhere to fair practices when determining rates and offering policies to avoid discrimination against individuals based on race, gender, or other protected characteristics. This legal framework helps ensure all consumers receive equitable treatment and protects the integrity of the insurance market. If an insurer is found to be in violation of these standards, regulators can take serious measures, including revoking the license to operate, thereby enforcing compliance with state laws designed to maintain fairness in insurance practices.

While other options may seem plausible in relation to repercussions from unfair practices, they do not reflect the statutory consequences established under Colorado law regarding insurer misconduct.