Title 10, Insurance

(1) An insurer shall pay premium tax, as provided in section 10-3-209, on travel insurance premiums paid by any of the following: (a) A primary policyholder who is a resident of this state; (b) A primary certificate holder who is a resident of this state and who elects coverage u…

(1) A travel protection plan may be offered for one price for the combined features that the travel protection plan offers in this state if: (a) The travel protection plan clearly discloses to the consumer, at or prior to the time of purchase, that it includes travel insurance, t…

(1) Any person offering travel insurance to residents of this state is subject to part 11 of article 3 of this title 10, except as otherwise provided in this section. In the event of a conflict between this part 19 and other provisions of this title 10 regarding the sale and mark…

(1) Notwithstanding any other provision of this title 10, a person shall not act as or represent that the person is a travel administrator for travel insurance in Colorado unless the person is a licensed insurance producer for property and casualty insurance in Colorado for activ…

Notwithstanding any other provision of this title 10, travel insurance is classified and filed for purposes of rate and forms under an inland marine line of insurance; except that travel insurance that provides coverage for sickness, accident, disability, or death occurring durin…

The commissioner may promulgate any rules necessary to implement this part 19. Source: L. 2024: Entire part added, (HB 24-1060), ch. 128, p. 436, § 2, effective August 7.

(1) The general assembly: (a) Finds and determines that: (I) Increased greenhouse gas emissions and rapidly rising temperatures are changing the climate in ways that threaten Colorado's economy, the health of its residents, and its natural landscape; (II) These temperature increa…

As used in this part 20, unless the context otherwise requires: (1) "Board" or "enterprise board" means the governing board of the strengthen Colorado homes enterprise. (2) "Fee" means the fee that the enterprise board imposes and collects pursuant to section 10-4-2003 (4). (3) "…

(1) Enterprise - creation - purpose. (a) (I) The strengthen Colorado homes enterprise is created in the division. The enterprise is a type 1 entity, as defined in section 24-1-105, and exercises its powers and performs its duties and functions under the division. The enterprise i…

(1) There is created in the enterprise the strengthen Colorado homes enterprise grant program to provide grants to Colorado homeowners to retrofit residential property to reduce insurer losses due to common perils, including hail and windstorms. (2) (a) Subject to available reven…

(1) The board shall conduct or cause to be conducted a study to analyze: (a) The insurance risk in high-risk wildfire areas of the state, including an analysis of the degree of market competition among insurers in those areas; and (b) The impact of a high risk program on the pote…

If any provision of this part 20 or the application of this part 20 to any person or circumstance is held invalid, the invalidity does not affect other provisions or applications of this part 20 that can be given effect without the invalid provision or application, and to this en…

(1) Whenever any bond, undertaking, recognizance, or other obligation is, by law or the charter, ordinance, rules, or regulations of any municipality, board, body, organization, court, judge, or public officer, required or permitted to be made, given, tendered, or filed with sure…

Any surety upon the bond of any state, county, municipal, judicial district, irrigation district, or court officer shall be released from further liability as such surety for such officer by filing, with the person having authority to approve said bond or with whom said bond is d…

When any company, surety upon the official bond of any trustee, committee, conservator, guardian, assignee, receiver, executor, administrator, or other fiduciary in this state desires to be released from such obligation, such surety shall file its application for such release in …

It is lawful for any party of whom a bond, undertaking, or other obligation is required to agree with his surety for the deposit of any moneys and assets for which such surety is or may be held responsible with a bank, savings bank, or safe deposit or trust company authorized by …

Any receiver, assignee, guardian, trustee, committee, executor, administrator, curator, or other fiduciary required by law or the order of any court to give a bond or other obligation as such may include, as a part of the lawful expense of executing his trust, such reasonable sum…

(1) The purpose of this part 4 is to promote the public welfare by regulating insurance rates to the end that they not be excessive, inadequate, or unfairly discriminatory, to prohibit price-fixing agreements and other anticompetitive behavior by insurers, to promote price compet…

As used in this part 4, unless the context otherwise requires: (1) "Advisory organization" means every group, association, or other organization of insurers, whether located within or outside this state, which prepares policy forms or assists insurers which make their own rates o…

(1) Rates shall not be excessive, inadequate, or unfairly discriminatory. The following rate standards shall apply: (a) Rates are excessive if they are likely to produce a long run profit that is unreasonably high for the insurance provided or if expenses are unreasonably high in…

(1) The commissioner shall promulgate rules and regulations which shall require each insurer to record and report its loss and expense experience and such other data, including reserves, as may be necessary to determine whether rates comply with the standards set forth in section…

(1) The commissioner may promulgate rules for type II insurers that establish reasonable standards for rating plans, including experience rating plans, schedule rating plans, and expense reduction plans, and that are designed to modify rates in the development of premiums for ind…

(1) With respect to type I kinds of insurance as defined in section 10-4-401 (3)(a), every insurer shall file with the commissioner every manual of classifications, rules, and rates, every rating plan, and every modification of any of the foregoing which it proposes to use in thi…

(1) Upon receipt of filings required under the provisions of section 10-4-405 (1), the commissioner shall review, or cause to be reviewed, the same as soon as reasonably possible after they have been made in order to determine whether they meet the requirements of this part 4. (2…

(1) If, pursuant to section 10-4-406 (2), the commissioner determines to hold a public hearing as to a filing or holds such a public hearing pursuant to request therefor under section 10-4-406 (3), he shall give written notice thereof to the rating organization or insurer that ma…

(1) A corporation, an unincorporated association, a partnership, or an individual, whether located within or outside this state, may make application to the commissioner for a license as a rating organization for such kinds of insurance or subdivisions thereof as are specified in…

(1) Subject to rules and regulations which are approved by the commissioner as reasonable, each rating organization shall permit any insurer, not a member, to be a subscriber to its rating services for any kind of insurance or subdivision thereof for which it is authorized to act…

(1) Every advisory organization shall file with the commissioner a copy of its constitution, its articles of agreement or association or its certificate of incorporation, and its bylaws, rules, and regulations governing its activities, a list of its members, the name and address …

(1) Every group, association, or other organization of insurers which engages in joint reinsurance or joint underwriting shall be subject to regulation with respect thereto as provided in this part 4. (2) If, after a hearing, the commissioner finds that any activity or practice o…

(1) The commissioner may, after consultation with the insurers licensed to write motor vehicle insurance in this state, establish or approve a reasonable plan, and rules governing the same, for the equitable apportionment among such insurers of applicants for such insurance who a…

(1) Every insurer, rating organization, or advisory organization and every group, association, or other organization of insurers which engages in joint underwriting or joint reinsurance shall maintain reasonable records, of the type and kind reasonably adapted to its method of op…

(1) Repealed. (2) The commissioner may, at any reasonable time, make or cause to be made an examination of every admitted insurer transacting any class of insurance to which the provisions of this part 4 are applicable to ascertain whether such insurer and every rate and rating s…

(1) (a) No insurer or rating organization shall monopolize or attempt to monopolize, or combine or conspire with any other person to monopolize, in any territory, the business of insurance of any kind, subdivision, or class thereof. (b) No insurer or rating organization shall agr…

In any case involving insurance subject to this part 4 on which an insured has prepaid a premium for the issuance of a policy of insurance for a specified policy period, the insurer shall not increase unilaterally, during said policy period, the rate charged nor decrease the cove…

No person or organization shall willfully withhold information from, or knowingly give false or misleading information to, the commissioner, any statistical agency designated by the commissioner, any rating organization, or any insurer which will affect the rates or premiums char…

(1) Any person aggrieved by any rate charged, rating plan, rating system, underwriting rule, policy form, certificate, or contract of insurance or rider followed or adopted by an insurer, advisory organization, or rating organization may request the insurer, advisory organization…

(1) No insurer shall use or issue any policy, certificate, or contract of insurance or any portion thereof which provides coverage on a claims-made basis unless it has been certified by the insurer and the insurer has filed a certification with the commissioner that such policy e…

An insurance carrier writing workers' compensation insurance in this state shall comply with section 8-44-102, C.R.S. Source: L. 2014: Entire section added, (SB 14-137), ch. 78, p. 317, § 3, effective August 6.

Every insurer writing commercial property and casualty insurance in this state shall establish procedures to promote the use of loss control programs, safety programs, and other methods of risk management by its insureds to the extent feasible or practicable for the individual in…

(1) In the event that a rate filing for type II insurance for commercial liability includes a rate increase or decrease, the filing entity shall clearly identify in a cover letter accompanying the rate filing the specific portion of the rate filing that represents such an increas…

This part 5 shall be known and may be cited as the "Colorado Insurance Guaranty Association Act". Source: L. 71: p. 756, § 1. C.R.S. 1963: § 72-34-1.

The purposes of this part 5 are to provide a mechanism for the payment of covered claims under certain insurance policies, to avoid excessive delay in payment and financial loss to claimants or policyholders because of the insolvency of an insurer, to assist in the detection and …

As used in this part 5, unless the context otherwise requires: (1) "Account" means any one of the three accounts created by section 10-4-506. (2) "Association" means the Colorado insurance guaranty association created under section 10-4-506. (3) "Commissioner" means the commissio…

This part 5 shall apply to all kinds of direct insurance, except life, title, surety, sickness and accident, disability, credit, mortgage guaranty, financial guaranty, and ocean marine insurance. Source: L. 71: p. 756, § 1. C.R.S. 1963: § 72-34-3. L. 77: Entire section amended, p…

This part 5 shall be liberally construed to effect the purposes enumerated in section 10-4-502, which section shall constitute an aid and guide to interpretation. Source: L. 71: p. 756, § 1. C.R.S. 1963: § 72-34-4. ANNOTATION Applied in Colo. Ins. Guar. Ass'n v. Harris, 827 P.2d …

There is created a nonprofit unincorporated legal entity to be known as the Colorado insurance guaranty association. All member insurers shall be and remain members of the association as a condition of their authority to transact insurance business in this state. The association …