§ 42-9.5-103 — Vehicle protection products

Colorado § 42-9.5-103

• Jurisdiction: Colorado
• Title 42: Vehicles and
• Art.: Vehicle Protection Products

Text

(1) A warranty contract
accompanying a vehicle protection product that is sold or offered for sale shall:

(a) Identify in the contract the warrantor, the seller, the warranty holder, and
the terms of the sale;

(b) Conspicuously state that the obligations of the warrantor are guaranteed
under a warranty reimbursement insurance policy;

(c) Conspicuously state that, if the payment due under the terms of the
warranty is not provided by the warrantor within sixty days after proof of loss has
been filed by the warranty holder pursuant to the terms of the warranty, the
warranty holder may file a claim for reimbursement directly with the warranty
reimbursement insurance company;

(d) Conspicuously state the name and address of the warranty
reimbursement insurance company;

(e) Conspicuously state: This agreement is a product warranty and is not
insurance.;

(f) Guarantee the warrantor's product with a warranty reimbursement
insurance policy; and

(g) Authorize the warranty holder to file a claim directly with the warranty
reimbursement insurance company if the payment due under the terms of the
warranty is not provided by the warrantor within sixty days after proof of loss has
been filed pursuant to the terms of the warranty.

Legislative History

Source: L. 2004: Entire article added, p. 746, � 1, effective July 1.