2020 Colorado Revised Statutes
Title 10 - Insurance
Article 4. Property and Casualty Insurance
Section 10-4-627. Discriminatory standards - premiums - surcharges - proof of financial responsibility requirements.

Universal Citation: CO Rev Stat § 10-4-627 (2020)

(1) An insurer shall not:

  1. Cancel or nonrenew, or increase the premium of, a policy of insurance on a motorvehicle used by any resident of the household of the named insured solely because of convictions for traffic violations that resulted in less than seven points being assessed under the point system schedule set forth in section 42-2-127 (5), C.R.S., resulting from violations while in the course of employment while the insured is driving a motor vehicle used primarily as a public or livery conveyance or licensed as a commercial vehicle; or

  2. Add a surcharge to the policy premium of an insured or a family member of aninsured or other person living in the same household as an insured in a manner that results in an excessive or unfairly discriminatory premium pursuant to section 10-4-403.

(2) This section shall not be construed to limit or in any manner restrict an insurer from cancelling or refusing to issue or renew a policy of insurance or from increasing the premium of an insured on a motor vehicle used by him or her for commercial purposes or from reclassifying an insured for traffic violations received by the insured while using a motor vehicle for commercial purposes.

Source: L. 2003: Entire section added, p. 1564, § 3, effective July 1.

Editor's note: This section was originally numbered as § 10-4-624 in House Bill 031188 but has been renumbered on revision for ease of location.

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