Colorado § 10-4-625 - Premium payments.
Full text of Colorado Colorado Revised Statutes § 10-4-625 — Premium payments., with citation guidance and answers to common questions.
§ 10-4-625. Premium payments.
The commissioner shall issue rules establishing monthly, quarterly, semiannual, and annual premium payments for persons who are required to purchase insurance under this part 6. An insurer providing a plan for payments on a basis that is more frequent than quarterly need not also provide a quarterly payment plan. An insurer's plan for payments may provide for payment of an advance deposit premium.
Source: L. 2003: Entire section added, p. 1563, § 3, effective July 1. L. 2008: Entire section amended, p. 386, § 1, effective August 5.
Editor's note: This section was originally numbered as § 10-4-622 in House Bill 03-1188 but has been renumbered on revision for ease of location.
ANNOTATION
Annotator's note. Since this section is similar to § 10-4-718 as it existed prior to the 2003 repeal of part 7 of article 4 of this title, a relevant case construing that provision has been included in the annotations to this section.
This section constitutes declaration of policy that insurance payments can be paid in quarterly installments. Golting v. Hartford Accident & Indem. Co., 43 Colo. App. 337, 603 P.2d 972 (1979).
Frequently Asked Questions About Colorado § 10-4-625
What does Colorado Revised Statutes § 10-4-625 cover?
Section 10-4-625 ("Premium payments.") 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 § 10-4-625?
A common citation format is "Colorado Revised Statutes § 10-4-625" (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 § 10-4-625 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.