{"data":{"id":"us-co/c.r.s.-10-4-1503","jurisdiction":"us-co","citation":"C.R.S. § 10-4-1503","heading":"Requirements for sale of portable electronics insurance.","body":"(1) At every location where portable electronics insurance is offered to customers, the vendor shall make brochures or other written materials available to a prospective customer that:\n\n(a) Disclose that portable electronics insurance may provide a duplication of coverage already provided by a customer's homeowner's insurance policy, renter's insurance policy, or other source of coverage;\n\n(b) State that the enrollment by the customer in a portable electronics insurance program is not required in order to purchase or lease portable electronics or services;\n\n(c) Summarize the material terms of the insurance coverage, including:\n\n(I) The identity of the insurer;\n\n(II) The identity of the supervising entity;\n\n(III) The amount of any applicable deductible and how it is to be paid;\n\n(IV) Benefits of the coverage; and\n\n(V) Key terms and conditions of coverage, such as whether portable electronics may be repaired or replaced with similar make and model reconditioned or nonoriginal manufacturer parts or equipment;\n\n(d) Summarize the process for filing a claim, including a description of how to return portable electronics and the maximum fee applicable if the customer fails to comply with any equipment return requirements; and\n\n(e) State that an enrolled customer may cancel enrollment for coverage under a portable electronics insurance policy at any time, and that the person paying the premium will receive a refund of any applicable unearned premium.\n\n(2) An insurer may offer portable electronics insurance on a month-to-month or other periodic basis as a group or master commercial inland marine policy issued to a vendor of portable electronics for its enrolled customers.\n\n(3) A policy of insurance provides primary coverage in the event of a covered loss under more than one policy.\n\n(4) Each insurer shall establish eligibility and underwriting standards for customers electing to enroll in coverage for each portable electronics insurance program.","path":["Title INSURANCE - MUTUAL INSURANCE","Article 4 - Property and Casualty Insurance","Part 15 - PORTABLE ELECTRONICS INSURANCE"],"source_url":"https://olls.info/crs/crs2026-title-10.htm","current_through":"Colorado Revised Statutes 2026","vintage":"","retrieved_at":"2026-09-14T18:37:45Z","sha256":"cf594a252ccc675a4ec548242c1527417e35526d7d3feebcc37de8fa2325772a","source_id":"us-co","stale":false,"prev":"us-co/c.r.s.-10-4-1502","next":"us-co/c.r.s.-10-4-1504"},"notice":"GroundRules: Original legal text. Not legal advice."}