Colorado Statutes
§ 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.
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Legislative History
Source: L. 2014: Entire part added, (HB 14-1199), ch. 204, p. 747, � 2, effective
January 1, 2015.
Nearby Sections
15
§ 10-1-101
Legislative declaration§ 10-1-102
Definitions§ 10-1-105
Actuary§ 10-1-107
Personal fees prohibited§ 10-1-109
Rules of commissioner§ 10-1-111
Invoking aid of courts§ 10-1-113
No seal required on policies§ 10-1-114
Sale of premium notes prohibited§ 10-1-115
Penalty§ 10-1-116
Defamation of other companies - penalty§ 10-1-117
Company unauthorized in other states