(1) Reimbursement insurance policies insuring service contracts issued, sold, or offered for sale must state that the reimbursement insurance company shall either: (a) Reimburse or pay on behalf of the provider any covered sums the provider is obligated to pay under the service contract; or (b) In the event of the provider’s nonperformance, provide the service that the provider must perform according to the terms and conditions of the service contract.
C.R.S. § 10-4-1605
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Digitized from: Public.Law — Colorado Revised Statutes. Reproduced from public-domain Colorado statutes; confirm against the official source for the current text. Not legal advice.