Colorado § 10-4-1606 Required disclosures - service contracts

Colorado Statutes

§ 10-4-1606 — Required disclosures - service contracts

Colorado § 10-4-1606

Title 10Insurance

Art.Property and Casualty Insurance

This text of Colorado § 10-4-1606 (Required disclosures - service contracts) 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. § 10-4-1606 (2026).

Text

(1)Service contracts marketed, sold, offered for sale, issued, made, proposed to be made, or administered in this state must be written, printed, or typed in clear, understandable language that is easy to read.

(2)Service contracts insured under a reimbursement insurance policy must contain a statement in substantially the following form: Obligations of the provider under this service contract are insured under a service contract reimbursement insurance policy. The service contract must also state the name and address of the reimbursement insurance company and disclose to the consumer that if the service contract provider does not provide a covered service within sixty days after proof of loss by the service contract holder, the contract holder may apply directly to the reimbu

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(1) Service contracts
marketed, sold, offered for sale, issued, made, proposed to be made, or
administered in this state must be written, printed, or typed in clear,
understandable language that is easy to read.

(2) Service contracts insured under a reimbursement insurance policy must
contain a statement in substantially the following form: Obligations of the provider
under this service contract are insured under a service contract reimbursement
insurance policy. The service contract must also state the name and address of the
reimbursement insurance company and disclose to the consumer that if the service
contract provider does not provide a covered service within sixty days after proof of
loss by the service contract holder, the contract holder may apply directly to the
reimbursement insurance company.

(3) Service contracts not insured under a reimbursement insurance policy
must contain a statement in substantially the following form: Obligations of the
provider under this service contract are backed by the full faith and credit of the
provider.

(4) (a) Service contracts must identify the following:

(I) The name and address of the provider;

(II) The identity of any administrator, if different from the provider;

(III) The service contract seller; and

(IV) The service contract holder to the extent that the name of the service
contract holder has been furnished by the service contract holder.

(b) The identities of the parties in this subsection (4) are not required to be
preprinted on the service contract and may be added to the service contract at the
time of sale.

(5) Service contracts must state the total purchase price and the terms
under which the service contract is sold. The purchase price is not required to be
preprinted on the service contract and may be negotiated at the time of sale with
the service contract holder.

(6) In addition to the other requirements of this section, a service contract
must:

(a) Identify the consumer goods covered by the contract;

(b) State the existence of any deductible amount, if applicable;

(c) Specify the merchandise and services to be provided and any limitations,
exceptions, or exclusions;

(d) State whether the use of a nonoriginal manufacturer's part is allowed;

(e) State any restrictions governing the transferability of the service
contract, if applicable;

(f) State the terms, restrictions, or conditions governing cancellation of the
service contract, either by the provider or the service contract holder, prior to the
termination or expiration date of the service contract;

(g) Set forth all of the obligations and duties of the service contract holder,
such as the duty to protect against any further damage and any requirement to
follow the owner's manual; and

(h) State whether or not the service contract provides for or excludes
consequential damages or preexisting conditions, if applicable.