State RegulationsCO specificDifficulty 2/5
Under C.R.S. § 10-7-105.5, how may a Colorado insurer deliver the reason-for-lapse notice, and what serves as proof of transmission?
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Answer & full 3-part explanation (select an option above, or peek)
Why B is correct
Under C.R.S. § 10-7-105.5, the reason-for-lapse notice may be mailed first-class or sent by email with the owner's consent, and an affidavit of mailing or transmission serves as proof. Meeting this notice standard is what makes the lapse date effective.
Why the other options are wrong
- A) Hand delivery is not the prescribed method, and a producer's log is not the statutory proof.
- C) Certified mail is not required; first-class mailing suffices under the statute.
- D) Email requires the owner's consent; it is not permitted in every case.
Memory hook
First-class or consented email — then swear it with an affidavit.