§ 10-4-603 — Notice

Colorado § 10-4-603

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

Text

(1) No notice of cancellation of a policy to which section
10-4-602 applies shall be valid unless mailed or delivered by the insurer to the
named insured at least thirty days prior to the effective date of cancellation; but,
where cancellation is for nonpayment of premium, at least ten days' notice of
cancellation accompanied by the reason therefor shall be given or, alternatively, a
notice advising that the policy will be canceled if timely payment of premium is not
made may be given at least ten days but not more than thirty days prior to the
premium due date. Unless the reason accompanies or is included in the notice of
cancellation, the notice of cancellation shall state or be accompanied by a
statement that, upon written request of the named insured, mailed or delivered to
the insurer not less than fifteen days prior to the effective date of cancellation, the
insurer will specify the reason for such cancellation. As used in this section,
premium due date means the date that a premium that has been previously paid is
fully earned.

(2) Where the reason for cancellation does not accompany or is not included
in the notice of cancellation, the insurer shall, upon written request of the named
insured, mailed or delivered to the insurer not less than fifteen days prior to the
effective date of cancellation, specify in writing the reason for such cancellation.
Such reason shall be mailed or delivered to the named insured within five days after
receipt of such request.

(3) This section shall not apply to nonrenewal of a policy.

Legislative History

Source: L. 69: p. 550, � 3. C.R.S. 1963: � 72-30-3. L. 96: (1) amended, p. 363, � 1, effective April 17.