Consumer credit insurance provided by a creditor may be subject to the furnishing of evidence of insurability satisfactory to the insurer. Whether or not such evidence is required, the term of the insurance shall commence no later than when the consumer becomes obligated to the creditor or when the consumer applies for the insurance, whichever […]
Except as provided in subsection (2) of this section: In the case of consumer credit insurance providing life coverage, the amount of insurance may not initially exceed the debt and, if the debt is payable in installments, may not at any time exceed the greater of the scheduled or actual amount of the debt; or […]
A creditor may not use a form or charge in connection with credit insurance that does not comply with section 10-10-109, C.R.S. and (3) (Deleted by amendment, L. 2003, p. 1895 , § 12, effective July 1, 2003.) Source: L. 2000: Entire article R&RE, p. 1231, § 1, effective July 1. L. 2001: (2) amended, […]
