The commissioner shall issue rules establishing monthly, quarterly, semiannual, and annual premium payments for persons who are required to purchase insurance under this part 6. An insurer providing a plan for payments on a basis that is more frequent than quarterly need not also provide a quarterly payment plan. An insurer's plan for payments may provide for payment of an advance deposit premium.
Source: L. 2003: Entire section added, p. 1563, § 3, effective July 1. L. 2008: Entire section amended, p. 386, § 1, effective August 5.
Editor's note: This section was originally numbered as § 10-4-622 in House Bill 03-1188 but has been renumbered on revision for ease of location.
Structure Colorado Code
Article 4 - Property and Casualty Insurance
Part 6 - Automobile Insurance Policy - Regulations
§ 10-4-601.5. Administrative Authority
§ 10-4-602. Basis for Cancellation
§ 10-4-609. Insurance Protection Against Uninsured Motorists - Applicability
§ 10-4-610. Property Damage Protection Against Uninsured Motorists
§ 10-4-611. Elimination of Discounts - Damage by Uninsured Motorist
§ 10-4-613. Glass Repair and Replacement
§ 10-4-614. Inflatable Restraint Systems - Replacement - Verification of Claims - Definition
§ 10-4-615. Motorist Insurance Identification Database Program - Reporting Required - Fine
§ 10-4-616. Disclosure of Credit Reports
§ 10-4-617. Insurers - Biannual Fee - Auto Theft Prevention Authority
§ 10-4-619. Coverage Compulsory
§ 10-4-621. Required Coverages Are Minimum
§ 10-4-622. Required Provision for Intrastate and Interstate Operation
§ 10-4-623. Conditions and Exclusions
§ 10-4-628. Refusal to Write - Changes in - Cancellation - Nonrenewal of Policies Prohibited
§ 10-4-629. Cancellation - Renewal - Reclassification
§ 10-4-630. Exclusion of Named Driver
§ 10-4-633. Certification of Policy and Notice Forms
§ 10-4-633.5. Automobile Insurance Policies - Plain Language Required - Rules
§ 10-4-634. Assignment of Payment for Covered Benefits
§ 10-4-635. Medical Payments Coverage - Definitions
§ 10-4-636. Disclosure Requirements for Automobile Insurance Products Offered - Rules
§ 10-4-637. No Discrimination by Profession
§ 10-4-638. Retroactive Adjustment of Health-Care Service Claims
§ 10-4-639. Claims Practices for Property Damage
§ 10-4-640. Operator's Policy of Insurance
§ 10-4-641. Rules - Medical Payments Coverage
§ 10-4-642. Prompt Payment of Direct Benefits - Legislative Declaration - Definitions