Title 10, Insurance
0 chapters · 1,354 sections in this title.
Colo. Rev. Stat. § 10-4-1810 Enforcement - suspension or revocation of certificate of authority - fines
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(1) After notice and hearing, the commissioner may suspend or revoke the certificate of authority to transact insurance business in this state of any member insurer that fails to timely pay a fee or to comply with the plan of operation. (2) As an alternative to suspension or revo…
Colo. Rev. Stat. § 10-4-1810.5 Immunity - exceptions - remedies
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(1) A member insurer, the FAIR plan association and its agents or employees, the board of directors, and the commissioner or the commissioner's representatives are immune for any action taken by them in the performance of their powers and duties under this part 18. (2) (a) The ex…
Colo. Rev. Stat. § 10-4-1811 Appeals - judicial review
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Any final action or order of the commissioner issued pursuant to this part 18 is subject to judicial review by the court of appeals pursuant to section 24-4-106 (11). Source: L. 2023: Entire part added, (HB 23-1288), ch. 170, p. 837, � 1, effective August 7.
Colo. Rev. Stat. § 10-4-1812 Rules
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The commissioner may promulgate rules for the implementation of this part 18. Source: L. 2023: Entire part added, (HB 23-1288), ch. 170, p. 837, � 1, effective August 7.
Colo. Rev. Stat. § 10-4-1901 Short title
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The short title of this part 19 is the Travel Insurance Model Act. Source: L. 2024: Entire part added, (HB 24-1060), ch. 128, p. 430, � 2, effective August 7.
Colo. Rev. Stat. § 10-4-1902 Scope and purpose
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(1) The purpose of this part 19 is to promote the public welfare by creating a comprehensive legal framework within which travel insurance may be sold in this state. (2) (a) The requirements of this part 19 apply to travel insurance that satisfies all of the following criteria: (…
Colo. Rev. Stat. § 10-4-1903 Definitions
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As used in this part 19, unless the context otherwise requires: (1) Aggregator site means a website that provides access to information regarding insurance products from more than one insurer, including product and insurer information, for use in comparison shopping. (2) Blanket …
Colo. Rev. Stat. § 10-4-1904 Premium tax
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(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…
Colo. Rev. Stat. § 10-4-1905 Travel protection plans
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(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…
Colo. Rev. Stat. § 10-4-1906 Sales practices - definition
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(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…
Colo. Rev. Stat. § 10-4-1907 Travel administrators
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(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…
Colo. Rev. Stat. § 10-4-1908 Policy
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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…
Colo. Rev. Stat. § 10-4-1909 Rules
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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. NONADMITTED INSURANCE
Colo. Rev. Stat. § 10-4-301 Bond executed by surety company
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(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…
Colo. Rev. Stat. § 10-4-302 Release of surety - other security
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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…
Colo. Rev. Stat. § 10-4-303 Application for release of surety - refund
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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 …
Colo. Rev. Stat. § 10-4-304 Place of deposit
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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 …
Colo. Rev. Stat. § 10-4-305 Bond part of expense
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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…
Colo. Rev. Stat. § 10-4-401 Purpose - applicability
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(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…
Colo. Rev. Stat. § 10-4-402 Definitions
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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 or …
Colo. Rev. Stat. § 10-4-403 Standards for rates - competition - procedure - requirement for independent actuarial opinions regarding 1991 legislation
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(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…
Colo. Rev. Stat. § 10-4-404 Rate administration
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(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…
Colo. Rev. Stat. § 10-4-404.5 Rating plans - property and casualty type II insurers - rules
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(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…
Colo. Rev. Stat. § 10-4-404.6 Legislative declaration - obtaining information of impact of changes in the civil justice system. (Repealed)
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C.R.S. 10-4-404.6Statutes current through Chapter 65 of the 2026 Regular Session, effective as of April 20, 2026. The text of this section is not final. It will not be final until compared to, and updated from, the text provided by the Colorado Office of Legislative Legal Service…
Colo. Rev. Stat. § 10-4-405 Filing of rating information - certain coverages
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(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…
Colo. Rev. Stat. § 10-4-406 Review of filings - certain coverages
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(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…
Colo. Rev. Stat. § 10-4-407 Hearings
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(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…
Colo. Rev. Stat. § 10-4-408 Rating organization - study of workers’ compensation rates - premium reductions - adoption of rules
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(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…
Colo. Rev. Stat. § 10-4-409 Rates furnished - cooperation among organizations
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(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…
Colo. Rev. Stat. § 10-4-410 Advisory organizations
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(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 …
Colo. Rev. Stat. § 10-4-411 Joint underwriting
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(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…
Colo. Rev. Stat. § 10-4-412 Assigned risk motor vehicle insurance
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(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…
Colo. Rev. Stat. § 10-4-413 Records required to be maintained
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(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…
Colo. Rev. Stat. § 10-4-414 Examinations
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(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…
Colo. Rev. Stat. § 10-4-415 Prohibition against anticompetitive behavior
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(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…
Colo. Rev. Stat. § 10-4-416 Prohibiting changes in rates or coverages
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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…
Colo. Rev. Stat. § 10-4-417 False or misleading information
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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…
Colo. Rev. Stat. § 10-4-418 Enforcement procedures - penalties
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(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…
Colo. Rev. Stat. § 10-4-419 Claims-made policy forms
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(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…
Colo. Rev. Stat. § 10-4-419.5 Workers' compensation form certification
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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.
Colo. Rev. Stat. § 10-4-420 Risk management procedures
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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…
Colo. Rev. Stat. § 10-4-421 Notice of rate increases and decreases
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(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…
Colo. Rev. Stat. § 10-4-501 Short title
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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.
Colo. Rev. Stat. § 10-4-502 Legislative declaration
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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 …
Colo. Rev. Stat. § 10-4-503 Definitions
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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 commissioner of…
Colo. Rev. Stat. § 10-4-504 Scope
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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…
Colo. Rev. Stat. § 10-4-505 Construction
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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.
Colo. Rev. Stat. § 10-4-506 Colorado insurance guaranty association
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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 …
Colo. Rev. Stat. § 10-4-507 Board of directors
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(1) The board of directors of the association shall consist of not less than five nor more than nine persons serving terms as established in the plan of operation. The members of the board shall be selected by member insurers, subject to the approval of the commissioner. Vacancie…
Colo. Rev. Stat. § 10-4-508 Powers and duties of association
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(1) The association shall: (a) (I) Be obligated to the extent of the covered claims existing prior to a determination of insolvency and arising within thirty days after the determination of insolvency, or before the policy expiration date, if less than thirty days after such dete…