Every insurance carrier authorized to transact business in this state, including Pinnacol Assurance, which insures employers against liability for compensation under the provisions of articles 40 to 47 of this title, shall notify any employer insured by the carrier or Pinnacol Assurance, and any agent or representative of such employer, if applicable, by certified mail of any cancellation of such employer's insurance coverage. Such notice shall be sent at least thirty days prior to the effective date of the cancellation of the insurance. However, if the cancellation is based on one or more of the following reasons, then such notice may be sent less than thirty days prior to the effective date of the cancellation of the insurance: Fraud, material misrepresentation, nonpayment of premium, or any other reason approved by the commissioner of insurance.
Source: L. 90: Entire article R&RE, p. 523, § 1, effective July 1. L. 2002: Entire section amended, p. 1886, § 39, effective July 1. L. 2003: Entire section amended, p. 838, § 3, effective August 6.
Editor's note: This section is similar to former § 8-44-114 as it existed prior to 1990.
Structure Colorado Code
§ 8-44-101. Insurance Requirements
§ 8-44-102. Contract for Insurance Subject to Workers' Compensation Act
§ 8-44-103. Insurers to File System of Rating - Approval
§ 8-44-104. Cutting Rates - Rebates - Penalty
§ 8-44-105. Provisions of Policies - Primary Liability - Notice of Injury
§ 8-44-106. Insurer Violation - Suspension or Revocation of License
§ 8-44-107. Right of Insurer to Examine Books of Employer
§ 8-44-108. Repayments for Misclassifications
§ 8-44-110. Notice of Cancellation
§ 8-44-111. Workers' Compensation Insurance - Deductibles - Definition
§ 8-44-112. Surcharge on Workers' Compensation Insurance Premiums - Workers' Compensation Cash Fund
§ 8-44-114. Determination of Premium
§ 8-44-115. Calculation of Premium - Motor Vehicle Accidents
§ 8-44-116. Reversionary Interests in Indemnity Benefits Prohibited