No person shall engage in this state in any trade practice which is defined in this part 11 as, or determined pursuant to section 10-3-1107 to be, an unfair method of competition or an unfair or deceptive act or practice in the business of insurance.
Unfair methods of competition - unfair or deceptive acts or practices - prohibited
Colo. Rev. Stat. § 10-3-1103, under Unfair Competition - Deceptive Practices.
Colo. Rev. Stat. § 10-3-1103