2020 Colorado Revised Statutes
Title 5 - Consumer Credit Code
Article 4. Insurance
Section 5-4-104. Creditor's provision of and charge for insurance - excess amount of charge.
(1) Except as otherwise provided in this article and subject to the provisions on additional charges contained in section 5-2-202 and maximum charges contained in section 5-2201, a creditor may agree to provide insurance and may contract for and receive a charge for insurance separate from and in addition to other charges. A creditor need not make a separate charge for insurance provided or required by the creditor. This code does not authorize the issuance of any insurance prohibited under any statute, or rule thereunder, governing the business of insurance.
(2) The excess amount of a charge for insurance provided for in agreements in violation of this article is an excess charge for the purposes of:
The provisions on remedies and penalties contained in article 5 of this title as toeffect of violations on rights of parties under section 5-5-201; and
The provisions on administration contained in article 6 of this title as to civil actionsby the administrator under section 5-6-114.
Source: L. 2000: Entire article R&RE, p. 1225, § 1, effective July 1.
Editor's note: This section is similar to former § 5-4-104, as it existed prior to 2000.
