Colorado § 10-4-416 - Prohibiting changes in rates or coverages.
Full text of Colorado Colorado Revised Statutes § 10-4-416 — Prohibiting changes in rates or coverages., with citation guidance and answers to common questions.
§ 10-4-416. Prohibiting changes in rates or coverages.
In any case involving insurance subject to this part 4 on which an insured has prepaid a premium for the issuance of a policy of insurance for a specified policy period, the insurer shall not increase unilaterally, during said policy period, the rate charged nor decrease the coverage benefits provided unless there is a change in risk during the policy term attributable to any act or acts of the insured or the risk to be insured was misrepresented by the insured. This section shall not prohibit cancellation of a policy for any reason otherwise permitted by the policy or by law during an initial policy period of not to exceed sixty days.
Source: L. 79: Entire part R&RE, p. 373, § 8, effective July 1.
Editor's note: This section is similar to former § 10-4-315 as it existed prior to 1979.
Source: official Colorado text · Last verified 2026-08-27
Frequently Asked Questions About Colorado § 10-4-416
What does Colorado Revised Statutes § 10-4-416 cover?
Section 10-4-416 ("Prohibiting changes in rates or coverages.") 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 § 10-4-416?
A common citation format is "Colorado Revised Statutes § 10-4-416" (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 § 10-4-416 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.