Colo. Rev. Stat. § 10-4-1605

Current through 11/5/2024 election
Section 10-4-1605 - Required disclosures - reimbursement insurance policy
(1) Reimbursement insurance policies insuring service contracts issued, sold, or offered for sale must state that the reimbursement insurance company shall either:
(a) Reimburse or pay on behalf of the provider any covered sums the provider is obligated to pay under the service contract; or
(b) In the event of the provider's nonperformance, provide the service that the provider must perform according to the terms and conditions of the service contract.

C.R.S. § 10-4-1605

Added by 2014 Ch. 204, § 2, eff. 1/1/2015.
L. 2014: Entire part added, (HB 14-1199), ch. 204, p. 747, § 2, effective 1/1/2015.