Compliance Alerts

Colorado Amends 3 CCR 702-5, Regulation 5-2-16

Written by AAIS | Mar 7, 2025

Colorado has amended 3 CCR 702-5, Regulation 5-2-16 to stipulate summary disclosure requirements and require that the summary disclosure form be provided in English and the summary document form be provided in Spanish for private passenger automobile insurance. The regulation provides the requirements and information that must be included in both summary forms. Additionally, every insurer should update and file a summary disclosure form and summary document form in SERFF to reflect any changes in major coverages and exclusions for private passenger automobile policies. Lastly, for policies effective on or after January 1, 2026, insurers must provide a language selection form to any new applicants at the time of application and to renewal policyholders at the first renewal following January 1, 2026.

 

Please see 3 CCR 702-5, Regulation 5-2-16 for more information.