§ 10-4-604 — Nonrenewal

Colorado § 10-4-604

• Jurisdiction: Colorado
• Title 10: Insurance
• Art.: Property and Casualty Insurance

Text

(1) No insurer shall refuse to renew a policy unless
such insurer or its agent mails or delivers to the named insured, at the address
shown in the policy, at least thirty days' advance notice of its intention not to renew.
This section shall not apply:

(a) If the insurer has manifested its willingness to renew;

(b) In case of nonpayment of premium;

(c) If the insured fails to pay any advance premium required by the insurer
for renewal.

(2) Notwithstanding the failure of an insurer to comply with this section, the
policy shall terminate on the effective date of any other insurance policy with
respect to any automobile designated in both policies.

(3) Renewal of a policy shall not constitute a waiver or estoppel with respect
to grounds for cancellation which existed before the effective date of such renewal.

(4) In the event an insurer refuses to renew, the insured may, by written
request, demand a written notification of the reason for nonrenewal. Such
notification shall be given the insured within twenty days after receipt of such
request.

Legislative History

Source: L. 69: p. 550, � 4. C.R.S. 1963: � 72-30-4. L. 96: (1) amended, p. 363, � 2, effective April 17.