Colorado § 42-7-410 - Certificate for insurance policy.

§ 42-7-410. Certificate for insurance policy.

(1) Proof of financial responsibility may be made by filing with the director the written certificate of any insurance carrier duly authorized to do business in this state, certifying that it has issued to or for the benefit of the person furnishing such proof and named as the insured a motor vehicle liability policy or in certain events an operator's policy, meeting the requirements of this article, and that said policy is then in full force and effect. Such certificate shall give the dates of issuance and expiration of such policy and shall explicitly describe all motor vehicles covered thereby, unless the policy is issued to a person who is not the owner of a motor vehicle.

(2) The director shall not accept any certificate unless the same covers all motor vehicles registered in the name of the person furnishing such proof as owner and an additional certificate shall be required as a condition precedent to the subsequent registration of any motor vehicle or motor vehicles in the name of the person giving such proof as owner.

Source: L. 94: Entire title amended with relocations, p. 2483, § 1, effective January 1, 1995. L. 96: (1) amended, p. 1211, § 10, effective July 1.

ANNOTATION

Annotator's note. Since this section is similar to repealed § 13-7-19, CRS 53, relevant cases construing § 13-7-19 have been included in the annotations to this section.

Submission of policy as proof of future responsibility. This section applies to a driver having prior accidents, who has manifested financial irresponsibility and submits to the director a policy as proof of future responsibility in order that he may continue to operate an automobile. Safeco Ins. Co. of Am. v. Gonacha, 142 Colo. 170, 350 P.2d 189 (1960); Am. Serv. Mut. Ins. Co. v. Parviz, 153 Colo. 490, 386 P.2d 982 (1963).

It is not a condition precedent to the right to drive upon the highways of the state that one have insurance. Am. Serv. Mut. Ins. Co. v. Parviz, 153 Colo. 490, 386 P.2d 982 (1963).

Voluntary certification of a general liability policy to the director of revenue is permitted, but not required, by this section. United States Fire Ins. Co. v. Goldstein Transp., 30 Colo. App. 478, 496 P.2d 1079 (1972).