3 Colo. Code Regs. § 702-5-1-15-5
Current through Register Vol. 47, No. 24, December 25, 2024
Section 3 CCR 702-5-1-15-5 - RulesNotice Requirements
A. An insurer shall notify any additional insured by endorsement on a general liability policy, whose interests are affected by a liability claim, of the results of the insurer's investigation of such claim and the status of the claim within a reasonable period of time.B. Notice to the additional insured of the results of the insurer's investigation of the claim and the status of the claim shall be satisfied by providing: 1. A statement confirming or denying coverage;2. If coverage has been denied, the reason for the denial; or3. If coverage has not been determined, a copy of the reservation of rights letter.C. A statement of the applicable policy language shall be a sufficient statement of an insurer's reason for denial of coverage.D. In the event a copy of the reservation of rights letter has been sent to the additional insured by endorsement pursuant to subparagraph 3, and coverage is subsequently confirmed or denied, notice pursuant to subparagraphs 1 or 2 shall be given within ninety (90) days after such coverage determination.E. This regulation shall not apply to claims under a general liability policy upon which a lawsuit has been filed.38 CR 17, September 10, 2015, effective 10/1/201538 CR 18, September 25, 2015, effective 10/15/201539 CR 01, January 10, 2016, effective 2/1/201639 CR 05, March 10, 2016, effective 4/1/201641 CR 01, January 10, 2018, effective 2/14/201840 CR 21, November 10, 2017, effective 4/1/201841 CR 19, October 10, 2018, effective 11/1/201842 CR 18, September 25, 2019, effective 1/1/202042 CR 23, December 10, 2019, effective 1/1/202044 CR 13, July 10, 2021, effective 6/3/202144 CR 08, April 25, 2021, effective 8/1/202145 CR 03, February 10, 2022, effective 3/2/202245 CR 22, November 25, 2022, effective 12/15/202246 CR 11, June 10, 2023, effective 4/27/2023