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2018 Colorado Revised Statutes
Title 5 - Consumer Credit Code
Consumer Credit Code
Article 4 - Insurance
Part 1 - Insurance in General
§ 5-4-103. Definitions - "consumer credit insurance" - "Credit Insurance Act"
Universal Citation: CO Rev Stat ยง 5-4-103 (2018)
- As used in this code, unless the context otherwise requires:
(1) "Consumer credit insurance" means insurance, other than insurance on property, by which the satisfaction of debt in whole or in part is a benefit provided but does not include:
(a) Insurance, as to which a finance charge is imposed and provided in relation to a credit transaction in which a payment is scheduled more than ten years after the extension of credit;
(b) Insurance issued as an isolated transaction on the part of the insurer not related to an agreement or plan for insuring consumers of the creditor; or
(c) Insurance indemnifying the creditor against loss due to the consumer's default.
(2) "Credit Insurance Act" means the "Credit Insurance Act", article 10 of title 10, C.R.S.
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