Colorado § 10-10-119 Truncated coverage

Colorado Statutes

§ 10-10-119 — Truncated coverage

Colorado § 10-10-119

Title 10Insurance

Art.Credit Insurance

This text of Colorado § 10-10-119 (Truncated coverage) is published on Counsel Stack Legal Research, covering Colorado primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Colo. Rev. Stat. § 10-10-119 (2026).

Text

(1)If the debtor elects truncated coverage, at the time of election the creditor shall inform the debtor in writing of the term of the insurance coverage and that the coverage will terminate prior to the scheduled maturity date of the indebtedness.

(2)A group certificate or individual policy providing truncated credit insurance coverage shall disclose the term of the truncated insurance coverage and specify that the term of insurance coverage will terminate prior to the scheduled maturity date of the indebtedness. The termination disclosure shall appear in prominent type on the first page of the group certificate or individual policy.

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(1) If the debtor elects truncated coverage,
at the time of election the creditor shall inform the debtor in writing of the term of
the insurance coverage and that the coverage will terminate prior to the scheduled
maturity date of the indebtedness.

(2) A group certificate or individual policy providing truncated credit
insurance coverage shall disclose the term of the truncated insurance coverage
and specify that the term of insurance coverage will terminate prior to the
scheduled maturity date of the indebtedness. The termination disclosure shall
appear in prominent type on the first page of the group certificate or individual
policy.