First Regular Session
              Sixty-ninth General Assembly
                    STATE OF COLORADO
                                                 INTRODUCED
                                                           
                                                           
 LLS NO. 13-0873.01 Duane Gall x4335     SENATE BILL 13-211
                   SENATE SPONSORSHIP
 Heath,
 
                    HOUSE SPONSORSHIP
 (None),
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 Senate Committees
 House Committees
 
 
 Business, Labor, & Technology
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
                         A BILL FOR AN ACT
       Concerning the requirements for notice of termination of
            homeowners' insurance coverage.
       
       
                           Bill Summary
       
            (Note: This summary applies to this bill as introduced and does
       not reflect any amendments that may be subsequently adopted. If this bill
       passes third reading in the house of introduction, a bill summary that
       applies to the reengrossed version of this bill will be available at
       http://www.leg.state.co.us/billsummaries.)
       
            Under current law, an insurer is required to give a policyholder
       notice of cancellation or nonrenewal of a policy of homeowner's
       insurance, together with the reasons for the cancellation or nonrenewal,
       by first-class mail. The bill changes this requirement to specify that the
       notice must be given by certified mail. The bill also eliminates an
       obsolete cross reference.
       
       
       
       Be it enacted by the General Assembly of the State of Colorado:
            SECTION 1.  In Colorado Revised Statutes, 10-4-110.7, amend
       (3) as follows:
            10-4-110.7.  Cancellation or nonrenewal - homeowner's
       insurance policies. (3)  No An insurer shall not cancel or refuse to
       renew a policy of homeowner's insurance unless such the insurer mails,
       by first-class certified mail to the named insured, at the last address
       shown in the insurer's records, at least thirty days in advance, a notice of
       its intended action pursuant to section 10-4-110 that specifically states the
       reasons for proposing to take such the action; pursuant to section
       10-4-110; except that, where cancellation is for nonpayment of premium,
       at least ten days' notice of cancellation accompanied by the reasons
       therefor shall be given.
            SECTION 2.  Safety clause. The general assembly hereby finds,
       determines, and declares that this act is necessary for the immediate
       preservation of the public peace, health, and safety.