C.R.S. § 5-4-106

(1) In applying the provisions of this code on unconscionability contained in sections 5-5-109 and 5-6-112 to a separate charge for insurance, consideration shall be given, among other factors, to: (a) Potential benefits to the consumer including the satisfaction of the consumer’s obligations; (b) The creditor’s need for the protection provided by the insurance; and (c) The relation between the amount and terms of credit granted and the insurance benefits provided. (2) If consumer credit insurance otherwise complies with this article and other applicable law, neither the amount nor the term of the insurance nor the amount of a charge therefor is in itself unconscionable.