Watch Out For New ‘Colorado Insurance’ Phone Scam

In this day and age I think it is safe to say that you never want to give important personal or account information to someone asking for it on the phone. Still people are, and it is fueling the fires of scammers. The Colorado Division of Insurance is warning residents to be on the lookout for a new scam in which a fake caller tries to get bank account information.

In the scam a caller claims to be a representative of the Colorado Insurance Commission. The caller says the state has taken over the consumer’s insurance company, said Marianne Goodland of the Colorado Division of Insurance. The caller claims the state sent the consumer a check for $399 to refund co-pays, but the check was returned by the U.S. Post Office. The caller then says he can direct deposit the check into the consumer’s banking account if the consumer would provide account information, Goodland said.

There is no such this as the Colorado Insurance Commission.

The Colorado Division of Insurance wants consumers to know that Division representatives never ask consumers for banking information.

If you believe you may be the victim of a scam, please contact your local law enforcement.