Colorado § 10-4-111 Summary disclosure forms required

Colorado Statutes

§ 10-4-111 — Summary disclosure forms required

Colorado § 10-4-111

Title 10Insurance

Art.Property and Casualty Insurance

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Bluebook

Colo. Rev. Stat. § 10-4-111 (2026).

Text

(1)Every insurer issuing policies of dwelling fire insurance, homeowner's insurance, or automobile insurance subject to the provisions of part 6 of this article shall, as a condition of doing business in this state, have on file for public inspection at the division a summary disclosure form that contains a simple explanation of the major coverages and exclusions of such policies of insurance together with a recitation of general factors considered in cancellation, nonrenewal, and increase in premium situations. Each summary disclosure form shall provide notice in bold face letters that the policyholder should read the policy for complete details, and such disclosure form shall not be construed to replace any provision of the policy itself. In the event of any conflict between t

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(1) Every insurer issuing
policies of dwelling fire insurance, homeowner's insurance, or automobile insurance
subject to the provisions of part 6 of this article shall, as a condition of doing
business in this state, have on file for public inspection at the division a summary
disclosure form that contains a simple explanation of the major coverages and
exclusions of such policies of insurance together with a recitation of general
factors considered in cancellation, nonrenewal, and increase in premium situations.
Each summary disclosure form shall provide notice in bold face letters that the
policyholder should read the policy for complete details, and such disclosure form
shall not be construed to replace any provision of the policy itself. In the event of
any conflict between the policy and the disclosure form, the provisions of the policy
shall prevail.

(2) Every insurer shall update disclosure forms periodically subject to
changes in major coverages and exclusions of such policies of insurance and
changes in factors considered in cancellation, nonrenewal, and increase in premium
situations.

(3) Every insurer or its designated agent shall furnish the required disclosure
form to:

(a) Applicants for insurance coverage at the time of the initial insurance
purchase;

(b) Policyholders of any renewal policy when there are changes in major
coverages and exclusions or changes in factors considered in cancellation,
nonrenewal, and increase in premium situations; and

(c) Homeowner's insurance policyholders at least annually.

(4) Any insurer who violates the provisions of subsection (1) of this section
shall be deemed to have engaged in unfair or deceptive acts or practices prohibited
by section 10-3-1104 (1)(a)(I) and shall be subject to the penalties provided in section
10-3-1108 and 10-3-1109.

(5) In addition to the disclosure requirements in this section, every insurer or
producer who issues automobile insurance policies pursuant to part 6 of this article
shall comply with the disclosure requirements in section 10-4-636.

Legislative History

Source: L. 79: Entire section added, p. 360, � 6, effective July 1. L. 92: Entire section amended, p. 1557, � 55, effective May 20. L. 2006: (1) amended, p. 1490, � 11, effective June 1; (1) amended and (5) added, p. 37, � 1, effective January 1, 2007. L. 2013: (3) amended, (HB 13-1225), ch. 183, p. 675, � 3, effective January 1, 2014.