The purpose of this regulation is to establish rules for the conditions to be met by all life and health insurers and carriers issuing policies, riders, endorsements, and amendments which limit the coverage usually and normally afforded. It is the responsibility of all insurers and carriers to see that all purchasers of policies issued by them are fully informed as to the coverages provided in those policies, the specific premiums charged, and for any limitations, exceptions, or exclusions for which coverage is not provided.
3 CCR 702-6-1-1-2