Truncated coverage

10-10-119. Truncated coverage. (1) If the debtor elects truncated coverage, at the time of election the creditor shall inform the debtor in writing of the term of the insurance coverage and that the coverage will terminate prior to the scheduled maturity date of the indebtedness. (2) A group certificate or individual policy providing truncated credit insurance coverage shall disclose the term of the truncated insurance coverage and specify that the term of insurance coverage will terminate prior to the scheduled maturity date of the indebtedness. The termination disclosure shall appear in prominent type on the first page of the group certificate or individual policy. Source: L. 2000: Entire section added, p. 151, � 2, effective August 2. TITLE INSURANCE ARTICLE 11 Title Insurance Law reviews: For article, 1987 ALTA Insurance Revisions: An Owner's Perspective -- Parts I and II, see 17 Colo. Law. 445 and 627 (1988). PART 1 TITLE INSURANCE CODE