Granite State Insurance Co. v. Ken Caryl Ranch Master Ass'n

I. Introduction

We granted certiorari in this case to review the court of appeals' decision in Ken Caryl Ranch Master Ass'n v. Granite State Insurance Co., 155 P.3d 457 (Colo.App.2006), in which the court of appeals construed Colorado's insurance notice statute, section 10-4-110.5(1), C.R.S. (2007), to require an insurer: (1) to notify its insured of any increase in premium or decrease in coverage at least forty-five days before the expiration of the existing policy; and (2) in the event that the insurer fails to notify the insured of the change at least forty-five days before the expiration…