§ 42-7-510 — Insurance or bond required

Colorado § 42-7-510

• Jurisdiction: Colorado
• Title 42: Vehicles and
• Art.: Motor Vehicle Financial Responsibility Law

Text

(1) An owner of a truck that is subject
to the registration fee imposed pursuant to section 42-3-306 (5)(b) or (7) and that is
not subject to article 10.1 of title 40, C.R.S., before operating or permitting the
operation of the vehicle upon a public highway in this state, shall have in each
vehicle a motor vehicle liability policy or a certificate evidencing the policy issued
by an insurance carrier or insurer authorized to do business in Colorado, or a copy of
a valid certificate of self-insurance issued pursuant to section 10-4-624, C.R.S., or a
surety bond issued by a company authorized to do a surety business in Colorado in
the sum of fifty thousand dollars for damages to property of others; the sum of one
hundred thousand dollars for damages for or on account of bodily injury or death of
one person as a result of any one accident; and, subject to such limit as to one
person, the sum of three hundred thousand dollars for or on account of bodily injury
to or death of all persons as a result of any one accident.

(2) (a) Every owner of a motor vehicle designed and used for the
nonemergency transportation of individuals with disabilities as defined in
paragraph (b) of this subsection (2), before operating or permitting the operation of
such vehicle upon any public highway in this state, shall file with the department a
certificate evidencing a motor vehicle liability insurance policy issued by an
insurance carrier or insurer authorized to do business in the state of Colorado or a
surety bond issued by a company authorized to do a surety business in the state of
Colorado with a minimum sum of fifty thousand dollars for damages to property of
others; a minimum sum of one hundred thousand dollars for damages for or on
account of bodily injury or death of one person as a result of any one accident; and,
subject to such limit as to one person, a minimum sum of three hundred thousand
dollars for or on account of bodily injury to or death of all persons as a result of any
one accident.

(b) As used in this subsection (2), a motor vehicle designed and used for the
nonemergency transportation of individuals with disabilities means any motor
vehicle designed to facilitate the loading of individuals with physical disabilities
confined to a wheelchair except vehicles owned by the United States government,
vehicles owned and operated by any special transportation district, or privately
owned vehicles when such privately owned vehicles are used by the owner to
transport the owner or members of the owner's family who are confined to a
wheelchair.

(3) Any person who violates any provision of this section commits a class A
traffic infraction. If any violation of this section is committed on behalf of a
partnership or corporation, any director, officer, partner, or high managerial agent
thereof who authorized, ordered, permitted, or otherwise participated in, by
commission or omission, such violation is also a class A traffic infraction.

Legislative History

Source: L. 94: Entire title amended with relocations, p. 2491, � 1, effective January 1, 1995. L. 95: (1) amended, p. 961, � 23, effective May 25; (1) amended, p. 1211, � 26, effective May 31. L. 2004: (1) amended, p. 907, � 36, effective May 21. L. 2005: (1) amended, p. 1179, � 21, effective August 8. L. 2010: (1) amended, (HB 10-1167), ch. 125, p. 417, � 8, effective April 15; (1) amended, (SB 10-212), ch. 412, p. 2039, � 20, effective July 1. L. 2011: (1) amended, (HB 11-1198), ch. 127, p. 426, � 28, effective August 10. L. 2021: (3) amended, (SB 21-271), ch. 462, p. 3323, � 767, effective March 1, 2022. L. 2022: (3) amended, (HB 22-1229), ch. 68, p. 349, � 44, effective March 1.