Colorado § 5-4-109 - Existing insurance - choice of insurer.
Full text of Colorado Colorado Revised Statutes § 5-4-109 — Existing insurance - choice of insurer., with citation guidance and answers to common questions.
§ 5-4-109. Existing insurance - choice of insurer.
If a creditor requires insurance, upon notice to the creditor the consumer shall have the option of providing the required insurance through an existing policy of insurance owned or controlled by the consumer or through a policy to be obtained and paid for by the consumer, but the creditor may for reasonable cause decline the insurance provided by the consumer.
Source: L. 2000: Entire article R&RE, p. 1229, § 1, effective July 1.
Editor's note: This section is similar to former § 5-4-109, as it existed prior to 2000.
Source: official Colorado text · Last verified 2026-08-27
Frequently Asked Questions About Colorado § 5-4-109
What does Colorado Revised Statutes § 5-4-109 cover?
Section 5-4-109 ("Existing insurance - choice of insurer.") 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 § 5-4-109?
A common citation format is "Colorado Revised Statutes § 5-4-109" (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 § 5-4-109 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.