3 Colo. Code Regs. § 702-5-2-16-4
Current through Register Vol. 47, No. 24, December 25, 2024
Section 3 CCR 702-5-2-16-4 - DefinitionsA. "Adequate Evidence" shall have the same meaning as set forth in § 10-4-636(3)(b), C.R.S.B. "Automobile" for the purposes of this regulation and summary disclosure shall include motorcycles, motor vehicles and low-powered scooters as defined in §§ 10-4-601(6) and 42-1-102 (48.5) (55) and (58), C.R.S.C. "Initial Insurance Purchase" means, for the purposes of this regulation, when the application for insurance is submitted and payment is made to the insurer or producer.D. "Optional or Enhanced Coverages" means, for the purposes of this regulation, those coverages that will result in an increased premium to an insured's policy, and for which the express consent of the insured is required, but does not include uninsured or underinsured motorist coverage or medical payments coverage.E. "Summary Disclosure Form" means, for the purposes of this regulation, the form that contains an explanation of the major coverages and exclusions of an insurer's automobile insurance policy, together with a recitation of general factors considered in cancellation, nonrenewal and increase-in-premium situations.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