C.R.S. Section 42-7-510
Insurance or bond required

(1)

An owner of a truck that is subject to the registration fee imposed pursuant to section 42-3-306 (5)(b) or (7) and that is not subject to article 10.1 of title 40, C.R.S., before operating or permitting the operation of the vehicle upon a public highway in this state, shall have in each vehicle a motor vehicle liability policy or a certificate evidencing the policy issued by an insurance carrier or insurer authorized to do business in Colorado, or a copy of a valid certificate of self-insurance issued pursuant to section 10-4-624, C.R.S., or a surety bond issued by a company authorized to do a surety business in Colorado in the sum of fifty thousand dollars for damages to property of others; the sum of one hundred thousand dollars for damages for or on account of bodily injury or death of one person as a result of any one accident; and, subject to such limit as to one person, the sum of three hundred thousand dollars for or on account of bodily injury to or death of all persons as a result of any one accident.

(2)

Intentionally left blank —Ed.

(a)

Every owner of a motor vehicle designed and used for the nonemergency transportation of individuals with disabilities as defined in paragraph (b) of this subsection (2), before operating or permitting the operation of such vehicle upon any public highway in this state, shall file with the department a certificate evidencing a motor vehicle liability insurance policy issued by an insurance carrier or insurer authorized to do business in the state of Colorado or a surety bond issued by a company authorized to do a surety business in the state of Colorado with a minimum sum of fifty thousand dollars for damages to property of others; a minimum sum of one hundred thousand dollars for damages for or on account of bodily injury or death of one person as a result of any one accident; and, subject to such limit as to one person, a minimum sum of three hundred thousand dollars for or on account of bodily injury to or death of all persons as a result of any one accident.

(b)

As used in this subsection (2), a “motor vehicle designed and used for the nonemergency transportation of individuals with disabilities” means any motor vehicle designed to facilitate the loading of individuals with physical disabilities confined to a wheelchair except vehicles owned by the United States government, vehicles owned and operated by any special transportation district, or privately owned vehicles when such privately owned vehicles are used by the owner to transport the owner or members of the owner’s family who are confined to a wheelchair.

(3)

Any person who violates any provision of this section commits a class A traffic infraction. If any violation of this section is committed on behalf of a partnership or corporation, any director, officer, partner, or high managerial agent thereof who authorized, ordered, permitted, or otherwise participated in, by commission or omission, such violation is also a class A traffic infraction.

Source: Section 42-7-510 — Insurance or bond required, https://leg.­colorado.­gov/sites/default/files/images/olls/crs2023-title-42.­pdf (accessed Oct. 20, 2023).

42‑7‑101
Short title 42‑7‑102
Legislative declaration 42‑7‑103
Definitions 42‑7‑201
Director to administer article 42‑7‑301
Security and proof of financial responsibility for the future required under certain circumstances 42‑7‑301.5
Proof of financial responsibility 42‑7‑302
Exemptions from requirement of filing security and proof of financial responsibility for the future 42‑7‑303
Duration of suspension 42‑7‑304
Custody and disposition of security 42‑7‑401
Proof required on judgments 42‑7‑402
Suspension, duration, bankruptcy 42‑7‑403
Sufficiency of payments 42‑7‑404
Payment of judgment in installments 42‑7‑405
Suspension upon second judgment 42‑7‑406
Proof required under certain conditions 42‑7‑407
Duty of courts to report 42‑7‑408
Proof of financial responsibility - methods of giving proof - duration - exception 42‑7‑409
Proof for member of family or chauffeur 42‑7‑410
Certificate for insurance policy 42‑7‑411
Restrictions in certain type of policy 42‑7‑412
Certificate furnished by nonresident 42‑7‑413
Motor vehicle liability policy 42‑7‑414
Requirements to be complied with 42‑7‑415
When insurance carrier to issue certificate 42‑7‑416
Notice required upon cancellation 42‑7‑417
Article not to affect other policies 42‑7‑418
Money - securities for financial responsibility 42‑7‑419
Substitution of proof 42‑7‑420
Failure of proof - other proof 42‑7‑421
When director may release proof of financial responsibility 42‑7‑422
No proof when proof required 42‑7‑501
Self-insurers 42‑7‑502
Action against nonresident - reciprocity with other states 42‑7‑503
Director to furnish operating record 42‑7‑504
Matters not to be evidence in litigation 42‑7‑505
Forging ability to respond in damages 42‑7‑505.5
Motor carrier indemnity agreements void - choice of law for transportation contracts 42‑7‑506
Surrender of license 42‑7‑507
Penalty 42‑7‑508
No repeal of motor vehicle laws 42‑7‑509
Article does not prevent other process 42‑7‑510
Insurance or bond required 42‑7‑601
Short title 42‑7‑602
Uninsured motorist identification database program - creation 42‑7‑603
Definitions 42‑7‑604
Motorist insurance identification database program - creation - administration - selection of designated agent - legislative declaration 42‑7‑606
Disclosure of insurance information - penalty 42‑7‑607
Part 6 not to supersede other provisions 42‑7‑609
Report
Green check means up to date. Up to date

Current through Fall 2024

§ 42-7-510’s source at colorado​.gov