Colo. Rev. Stat. § 6-1-1205

Current through Chapter 519 of the 2024 Legislative Session and Chapter 2 of the 2024 First Extraordinary Session
Section 6-1-1205 - Liability - exclusions for personal automobile liability insurance policy - indemnification
(1) An authorized insurer may exclude coverage and the duty to defend or indemnify for any claim under a shared car owner's personal automobile liability insurance policy. This part 12 does not invalidate or limit an exclusion contained in an automobile liability insurance policy, including any insurance policy that excludes coverage for motor vehicles made available for rent, sharing, hire, or business use.
(2) An automobile insurer of the shared car owner that defends or indemnifies a shared car claim has the right to contribution against the insurer of the car sharing program if the claim is:
(a) Made against the shared car owner or the shared car driver for damages occurring during the sharing period; and
(b) Excluded under the terms of the shared car owner's insurance policy.

C.R.S. § 6-1-1205

Amended by 2020 Ch. 216, § 5, eff. 6/30/2020.
Added by 2019 Ch. 391, § 1, eff. 1/1/2020.
L. 2019: Entire part added, (SB 19-090), ch. 3496, p. 3496, § 1, effective 1/1/2020. L. 2020: IP(2) amended, (HB 20-1402), ch. 1041, p. 1041, § 5, effective June 30.