According to Colorado law, when should an insurance policyholder receive notice of the end of their grace period?

In Colorado, the law requires that insurance companies notify policyholders at least 15 days before the end of their grace period. This is designed to ensure that policyholders have ample time to make a payment and avoid any lapse in coverage. By providing this notice, insurers help policyholders stay informed about their policy status and obligations, allowing them to take necessary actions if they wish to maintain their coverage. This requirement reflects a protective measure for consumers, reinforcing transparency in insurance practices.

The other options do not align with the legal requirements. For instance, notifying at the beginning of the grace period may not provide sufficient time for policyholders to address any payment issues that may arise later. Similarly, waiting until the last day of the grace period could leave policyholders without options to remedy the situation, thus potentially risking unintended lapses in coverage. Lastly, providing notice after the grace period has ended would not serve its purpose, as it would leave policyholders with no recourse to maintain their coverage.