What Is Colorado’s Bad Faith Insurance Law Under 10-3-1116?
When Your Own Insurance Company Becomes the Problem Key Takeaways: Colorado’s bad faith insurance law under §§ 10-3-1115 and 10-3-1116, C.R.S. gives first-party policyholders a private right of action when an insurer unreasonably delays or denies payment of a covered benefit. The statutory claim requires only two elements: benefits were denied or delayed, and the […]