If you've lost the original physical disks, you may need to look for a or a digital backup of the Graphic Disk image (ISO) from community forums like USCutter or Signs101 , as this is a common legacy software issue.
Fortunately, several solutions have been reported to resolve the "insert CD" error:
Some versions of Artcut 2005 used a combination of CD check AND a USB dongle. If you have the dongle but Windows 10/11 doesn't see it: