(3.5) If an insurer elects to file pursuant to paragraph (c) of subsection (2.5) of this section, commencing July 1, 2002, the insurer shall offer only component rating for credit insurance premiums pursuant to subsection (2.5) of this section for all new policies, certificates of insurance, notices of proposed insurance, applications for insurance, endorsements, and riders delivered or issued for delivery and phase in all existing creditor accounts to component rating accounts by no later than July 1, 2003.
Source: L. 69: p. 539, § 9. C.R.S. 1963: § 72-28-9. L. 92: (2) and (6) amended, p. 1571, § 89, effective May 20. L. 2000: (1), (2), (3), (4), (5), and (6) amended, p. 467, § 7, effective August 2. L. 2001: (2.5) added, p. 891, § 2, effective June 1; (1) amended, (2) repealed, and (3.5) and (8) added, pp. 892, 891, §§ 1, 3, effective July 1, 2002.
Cross references: For the legislative declaration contained in the 2000 act amending subsections (1), (2), (3), (4), (5), and (6), see section 1 of chapter 135, Session Laws of Colorado 2000.
Structure Colorado Code
§ 10-10-102. Legislative Declaration
§ 10-10-104. Application of Article
§ 10-10-106. Amount of Credit Insurance
§ 10-10-107. Term of Credit Insurance
§ 10-10-108. Provisions of Policies and Certificates of Insurance - Disclosure to Debtors
§ 10-10-109. Filing Form Certification - Filing of Rating Data - Withdrawal of Forms
§ 10-10-110. Premiums and Refunds
§ 10-10-111. Issuance of Policies
§ 10-10-113. Existing Insurance - Choice of Insurer