Colorado § 10-10-119 - Truncated coverage.
Full text of Colorado Colorado Revised Statutes § 10-10-119 — Truncated coverage., with citation guidance and answers to common questions.
§ 10-10-119. Truncated coverage.
(1) If the debtor elects truncated coverage, at the time of election the creditor shall inform the debtor in writing of the term of the insurance coverage and that the coverage will terminate prior to the scheduled maturity date of the indebtedness.
(2) A group certificate or individual policy providing truncated credit insurance coverage shall disclose the term of the truncated insurance coverage and specify that the term of insurance coverage will terminate prior to the scheduled maturity date of the indebtedness. The termination disclosure shall appear in prominent type on the first page of the group certificate or individual policy.
Source: L. 2000: Entire section added, p. 151, § 2, effective August 2.
TITLE INSURANCE
ARTICLE 11
Title Insurance
PART 1
TITLE INSURANCE CODE
10-11-101. Short title.
10-11-102. Definitions.
10-11-103. Compliance with article required.
10-11-104. Corporate form required.
10-11-105. Financial requirements prior to this article.
10-11-106. Determination of insurability required.
10-11-107. Powers.
10-11-108. Prohibitions.
10-11-109. Unearned premium reserve.
10-11-110. Amount of unearned premium reserve - release.
10-11-111. Reserve for unpaid losses and loss expense.
10-11-112. Net retained liability.
10-11-113. Power to reinsure.
10-11-114. Legal investments and admitted assets.
10-11-115. Prior investments.
10-11-116. Title insurance agents licensed.
10-11-117. Title insurance agents - certain names prohibited.
10-11-118. Title insurance - rules.
10-11-119. Laws applicable.
10-11-120. Corporate existence preserved.
10-11-121. Application of article - other laws applicable.
10-11-122. Title commitments - rules.
10-11-123. Notification of severed mineral estates.
10-11-124. Affiliated business arrangements - rules - investigative information shared with division of real estate.
10-11-125. Fees, salaries, compensation, or other payments.
10-11-126. Affiliated business arrangements - enforcement - penalties.
10-11-127. Fiduciary responsibilities of title insurance entities - definition of fiduciary funds - deceptive act or practice - rules.
PART 2
TITLE INSURANCE COMMISSION
10-11-201. Title insurance advisory group - meetings - response by commissioner - subject to review - repeal.
10-11-202. Powers, duties, and functions - recommendations on rules. (Repealed)
10-11-203. Repeal of part. (Repealed)
PART 1
TITLE INSURANCE CODE
Frequently Asked Questions About Colorado § 10-10-119
What does Colorado Revised Statutes § 10-10-119 cover?
Section 10-10-119 ("Truncated coverage.") is part of the Colorado Revised Statutes, the codified statutory law of Colorado. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Colorado § 10-10-119?
A common citation format is "Colorado Revised Statutes § 10-10-119" (Colorado). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Colorado law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Colorado official source linked on this page or consult a licensed Colorado attorney.
How does Colorado § 10-10-119 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Colorado can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Colorado.