Title 42, Vehicles and Traffic
0 chapters · 632 sections in this title.
Colo. Rev. Stat. § 42-21-101 Definitions
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As used in this article 21, unless the context otherwise requires: (1) Administrator means the person that is responsible for the administrative or operational functions of a vehicle value protection agreement. These functions include the adjudication of benefit requests by contr…
Colo. Rev. Stat. § 42-21-102 Requirements for offering vehicle value protection agreements
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(1) A provider shall not offer a vehicle value protection agreement unless the agreement meets the requirements of this article 21. A provider shall not condition the extension of credit, the terms of credit, or the terms of the related vehicle sale or lease upon the purchase of …
Colo. Rev. Stat. § 42-21-104 Third-party administrator
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A provider may perform as an administrator or retain the services of a third-party administrator. An administrator has the same powers and duties established under this article 21 as a provider. Source: L. 2023: Entire article added, (SB 23-015), ch. 36, p. 130, � 1, effective Au…
Colo. Rev. Stat. § 42-21-106 Vehicle value protection agreements not insurance
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A vehicle value protection agreement that complies with this article 21 is not insurance and is exempt from regulation as insurance pursuant to title 10. Source: L. 2023: Entire article added, (SB 23-015), ch. 36, p. 130, � 1, effective August 7.