Colorado § 10-4-119 - Monthly and electronic payment of premiums.
Full text of Colorado Colorado Revised Statutes § 10-4-119 — Monthly and electronic payment of premiums., with citation guidance and answers to common questions.
§ 10-4-119. Monthly and electronic payment of premiums.
An insurer offering personal lines of property and casualty insurance shall offer each policyholder the option to pay his or her insurance premiums monthly and to make premium payments by automatic electronic transfer. The insurer shall not be required to offer such payment options if an applicant or policyholder has previously made one or more premium payments that were dishonored because the account closed, the account had insufficient funds, or for any other similar reason for nonpayment.
Source: L. 2005: Entire section added, p. 345, § 1, effective December 31.
Source: official Colorado text · Last verified 2026-08-27
Frequently Asked Questions About Colorado § 10-4-119
What does Colorado Revised Statutes § 10-4-119 cover?
Section 10-4-119 ("Monthly and electronic payment of premiums.") 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 § 10-4-119?
A common citation format is "Colorado Revised Statutes § 10-4-119" (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 § 10-4-119 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.