Colorado Insurance Department Regulation Concerning Ordinance and Law Coverage
New regulation from the Colorado Insurance Department regarding ordinance or law coverage and settlement of claims.
October 25, 2022 at 10:24 AM
Thank you for sharing!
Your article was successfully shared with the contacts you provided.
In December 2021, Colorado experienced the Marshall Fire, which was the worst fire in Colorado’s history. It destroyed more than 1,000 residential and commercial structures, and in the aftermath, the towns of Louisville and Superior allowed insureds who had suffered damage to opt-out of certain sections of the local building codes. In light of that, the department has issued a new regulation concerning ordinance and law coverage, to be effective December 15, 2022.
The regulation applies to all insurers issuing homeowner policies that have damage claims and law and ordinance coverage is on the policy. There are six rules that now apply to these insurers.
This premium content is locked for
FC&S Expert Coverage Interpretation subscribers.
Enjoy unlimited access to the trusted solution for successful interpretation and analyses of complex insurance policies.
Quality content from industry experts with over 60 years insurance experience, combined
Customizable alerts of changes in relevant policies and trends
Search and navigate Q&As to find answers to your specific questions
Filter by article, discussion, analysis and more to find the exact information you’re looking for
Continually updated to bring you the latest reports, trending topics, and coverage analysis
Already have an account? Sign In Now
For enterprise-wide or corporate access, please contact our Sales Department at 1-800-543-0874 or email [email protected].
Christine G. Barlow, CPCU
Christine G. Barlow, CPCU, is Executive Editor of FC&S Expert Coverage Interpretation, a division of National Underwriter Company and ALM. Christine has over thirty years’ experience in the insurance industry, beginning as a claims adjuster then working as an underwriter and underwriting supervisor handling personal lines.
Christine regularly presents and moderates webinars on a variety of topics and is an experienced presenter.