Title 10, Insurance
0 chapters · 1,354 sections in this title.
Colo. Rev. Stat. § 10-10-101 Short title
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This article shall be known and may be cited as the Credit Insurance Act. Source: L. 69: p. 536, � 2. C.R.S. 1963: � 72-28-2. L. 92: Entire section amended, p. 1569, � 81, effective May 20.
Colo. Rev. Stat. § 10-10-102 Legislative declaration
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The purpose of this article is to promote the public welfare by regulating credit insurance. Nothing in this article is intended to prohibit or discourage reasonable competition. The provisions of this article shall be liberally construed. Source: L. 69: p. 536, � 1. C.R.S. 1963:…
Colo. Rev. Stat. § 10-10-103 Definitions
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As used in this article, unless the context otherwise requires: (1) Commissioner means the commissioner of insurance of Colorado. (2) Credit insurance means insurance on a debtor to provide indemnity for payments or loan balance, or any combination thereof, becoming due on a spec…
Colo. Rev. Stat. § 10-10-104 Application of article
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All insurance in connection with loans or other credit transactions shall be subject to the provisions of this article. Insurance shall not be subject to the provisions of this article where the issuance of such insurance is an isolated transaction on the part of the insurer not …
Colo. Rev. Stat. § 10-10-105 Forms of credit life insurance and credit accident and health insurance. (Repealed)
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C.R.S. 10-10-105Statutes current through Chapter 65 of the 2026 Regular Session, effective as of April 20, 2026. The text of this section is not final. It will not be final until compared to, and updated from, the text provided by the Colorado Office of Legislative Legal Services…
Colo. Rev. Stat. § 10-10-106 Amount of credit insurance
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(1) The initial amount of credit insurance shall not exceed the total amount repayable under the contract of indebtedness and, where an indebtedness is repayable in substantially equal installments, the amount of insurance shall at no time exceed the scheduled or actual amount of…
Colo. Rev. Stat. § 10-10-107 Term of credit insurance
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The term of any credit insurance shall, subject to acceptance by the insurer, commence on the date when the debtor becomes obligated to the creditor; except that, where a group policy provides coverage with respect to existing obligations, the insurance on a debtor with respect t…
Colo. Rev. Stat. § 10-10-108 Provisions of policies and certificates of insurance - disclosure to debtors
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(1) All credit insurance shall be evidenced by an individual policy or, in the case of group insurance, by a certificate of insurance, which individual policy or group certificate of insurance shall be delivered to the debtor. (2) Each individual policy or group certificate of cr…
Colo. Rev. Stat. § 10-10-109 Filing form certification - filing of rating data - withdrawal of forms
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(1) All policies, certificates of insurance, notices of proposed insurance, applications for insurance, endorsements, and riders delivered or issued for delivery in this state shall be certified, and the schedules of premium rates pertaining thereto shall be filed with the commis…
Colo. Rev. Stat. § 10-10-110 Premiums and refunds
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(1) (a) If an insurer has elected to file pursuant to section 10-10-109 (2.5)(b), the insurer may revise its schedules of premium rates from time to time and shall file such revised schedules with the commissioner. No insurer shall issue any credit insurance policy for which the …
Colo. Rev. Stat. § 10-10-111 Issuance of policies
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All policies of credit insurance shall be delivered or issued for delivery in this state only by an insurer authorized to do an insurance business therein and shall be issued only through holders of licenses or authorizations issued by the commissioner. Source: L. 69: p. 540, � 1…
Colo. Rev. Stat. § 10-10-112 Claims
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(1) All claims shall be promptly reported to the insurer or its designated claim representative, and the insurer shall maintain adequate claim files. All claims shall be settled as soon as possible and in accordance with the terms of the insurance contract. (2) All claims shall b…
Colo. Rev. Stat. § 10-10-113 Existing insurance - choice of insurer
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When credit insurance is required as additional security for any indebtedness, the debtor shall, upon request to the creditor, have the option of furnishing the required amount of insurance through existing policies of insurance owned or controlled by him or of procuring and furn…
Colo. Rev. Stat. § 10-10-114 Enforcement
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The commissioner may, after notice and hearing, issue such rules and regulations as he deems appropriate for the supervision of this article. If the commissioner finds that there has been a violation of this article or any rules or regulations issued pursuant thereto, and after w…
Colo. Rev. Stat. § 10-10-115 Judicial review
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Any party to the proceeding affected by an order of the commissioner shall be entitled to judicial review by the court of appeals by following the procedure set forth in section 24-4-106 (11), C.R.S. Source: L. 69: p. 541, � 15. C.R.S. 1963: � 72-28-15. L. 92: Entire section amen…
Colo. Rev. Stat. § 10-10-116 Penalties
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In addition to any other penalty provided by law, any person, firm, or corporation which violates an order of the commissioner after it has become final, and while such order is in effect, shall, upon proof thereof to the satisfaction of the court, forfeit and pay to the division…
Colo. Rev. Stat. § 10-10-117 Insurance expense not computed as cost of loan
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In connection with insurance which is permitted under this article, the premium and any gain or advantage to the creditor, or to any employee, affiliate, or associate of the creditor, from such insurance or its sale shall not be deemed to be an additional or further interest, dis…
Colo. Rev. Stat. § 10-10-118 Charge accounts
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Nothing in this article shall be construed to permit credit insurance to be required by any creditor for revolving charge accounts or any other charge accounts for the purchase of goods or services. Source: L. 69: p. 541, � 18. C.R.S. 1963: � 72-28-18. L. 92: Entire section amend…
Colo. Rev. Stat. § 10-10-119 Truncated coverage
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(1) If the debtor elects truncated coverage, at the time of election the creditor shall inform the debtor in writing of the term of the insurance coverage and that the coverage will terminate prior to the scheduled maturity date of the indebtedness. (2) A group certificate or ind…