This office clause is a form dealing with compliance with legal requirements and insurance recommendations covering most all of the issues covered.
Colorado Clause Addressing Compliance with Legal Requirements and Insurance Recommendations
Category:
State:
Multi-State
Control #:
US-OL13064
Format:
Word;
PDF
Instant download
Description
How to fill out Clause Addressing Compliance With Legal Requirements And Insurance Recommendations?
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FAQ
Colorado's Motor Vehicle Financial Responsibility Law requires that all Colorado drivers carry auto liability insurance for no less than the amounts of 25/50/15. This law means to protect both parties in a car accident when there is property damage or injuries.
FAQs: Does Insurance Follow the Car or Driver in Colorado Just like in most other states, insurance follows the insured vehicle and not the driver. If you borrow someone else's car and cause an accident, the other driver has the right to start a claim against the car owner's insurance policy.
The following minimum coverages are required by the state, although higher coverages may be purchased: $25,000 for bodily injury or death to any one person in an accident; $50,000 for bodily injury or death to all persons in any one accident; and. $15,000 for property damage in any one accident.
The following minimum coverages are required by the state, although higher coverages may be purchased: $25,000 for bodily injury or death to any one person in an accident; $50,000 for bodily injury or death to all persons in any one accident; and. $15,000 for property damage in any one accident.
Under C.R.S. § 10-3-1117, insurers writing commercial or personal auto policies in Colorado must disclose insurance policies to their insureds and reveal the liability policy limits to third-party claimants.
Any insurance company that writes vehicle liability policies in Colorado is required to report new policyholders and cancelled policies at least monthly to the provider.
