3 CCR 702-1-2-10-4 - Definitions

A. "Credit" means, for the purpose of this regulation, credit life, credit disability, credit property, credit unemployment, involuntary unemployment, mortgage life, mortgage guaranty, mortgage disability, guaranteed automobile protection insurance, or any form of insurance offered in connection with an extension of credit that is limited to partially or wholly extinguishing that credit obligation and is designated by the Commissioner as limited line credit insurance.

B. "Crop insurance" means, for the purpose of this regulation, insurance providing protection against damage to crops from unfavorable weather conditions, fire or lightning, flood, hail, insect infestation, disease or other yield-reducing conditions or periods provided by the private insurance market, or that is subsidized by the Federal Crop Insurance Corporation, including multi-peril crop insurance.

C. "Division" shall mean the Colorado Division of Insurance.

D. "Insurance agency" or "business entity" shall have the same meaning as found at § 10-2-103(5), C.R.S.

E. "Insurance producer" or "producer" shall have the same meaning as found at § 10-2-103(6), C.R.S.

F. "Insurer" shall have the same meaning as found at § 10-1-202(6), C.R.S., and shall include Health Maintenance Organizations (HMO) and nonprofit hospital, medical-surgical, and health service corporations.

G. "License" means, for the purpose of this regulation, any type of license regulated by the Colorado Division of Insurance.

H. "Person" shall have the same meaning as found at § 10-2-103(8), C.R.S.

I. "Public adjuster" shall have the same meaning as found at § 10-2-103 (8.5), C.R.S.

J. "Travel" means, for the purpose of this regulation, insurance coverage for trip cancellation, trip interruption, baggage, life, sickness and accident, disability, and personal effects when limited to a specific trip and sold in connection with transportation provided by a common carrier.

Notes

3 CCR 702-1-2-10-4

37 CR 11, June 10, 2014, effective 6/30/2014 37 CR 11, June 10, 2014, effective 7/1/2014 38 CR 09, May 10, 2015, effective 6/1/2015 38 CR 20, October 25, 2015, effective 11/15/2015 40 CR 19, October 10, 2017, effective 11/1/2017 40 CR 21, November 10, 2017, effective 12/1/2017 40 CR 21, November 10, 2017, effective 1/1/2018 41 CR 21, November 10, 2018, effective 12/1/2018 43 CR 21, November 10, 2020, effective 12/1/2020 45 CR 21, November 10, 2022, effective 11/30/2022