3 Colo. Code Regs. § 702-5-2-17-5
Current through Register Vol. 47, No. 20, October 25, 2024
Section 3 CCR 702-5-2-17-5 - RulesA. Any insurer that issues a private passenger automobile policy that includes a step-down provision must include the following, or substantively similar, disclosure, in 10 point print or larger, on the declaration page or face of the policy: "THIS POLICY INCLUDES A STEP-DOWN PROVISION WHICH REDUCES THE AMOUNT OF COVERAGE FOR CERTAIN INSUREDS UNDER THE POLICY. THE STEP-DOWN PROVISION THAT REDUCES THE AMOUNT OF COVERAGE FOR CERTAIN INSUREDS CAN BE FOUND AT PAGE(S) [FILL IN BLANK] OF THE POLICY CONTRACT."
B. If an insurer issues an operator's policy that includes medical payments coverage, the medical payments coverage shall not be reduced or denied to passengers under a covered loss.C. If a policy is obtained from an insurer that does not provide liability coverage for bodily injury and property damage, the following must be conspicuously displayed in 10 point print or larger, on the declaration page or face of the policy and on any applicable form furnished to the insured: "THIS POLICY DOES NOT MEET THE STATUTORY REQUIREMENTS OF THIS STATE'S FINANCIAL RESPONSIBILITY LAWS. IT DOES NOT PROVIDE LIABILITY COVERAGE FOR BODILY INJURY AND PROPERTY DAMAGE."
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