Title 10, Insurance
0 chapters · 1,354 sections in this title.
Colo. Rev. Stat. § 10-6-101 Short title
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This article shall be known and may be cited as the Colorado Captive Insurance Company Act. Source: L. 72: p. 428, � 1. C.R.S. 1963: � 72-36-1.
Colo. Rev. Stat. § 10-6-102 Legislative declaration
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It is the policy of the general assembly and the intent and purpose of this article to simplify the procedures for organizing and regulating the operations of captive insurance companies within the state of Colorado, to encourage the formation of such companies while retaining th…
Colo. Rev. Stat. § 10-6-103 Definitions
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As used in this article, unless the context otherwise requires: (1) Affiliated company means any company that directly or indirectly owns or controls a pure captive insurance company and any company owned or controlled, directly or indirectly, by a parent or subsidiary. (2) Capti…
Colo. Rev. Stat. § 10-6-104 Scope of article. (Repealed)
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Source: L. 72: p. 428, � 1. C.R.S. 1963: � 72-36-3. L. 76: (2) amended, p. 381, � 2, effective April 6. L. 87: (1)(a)(II) amended, p. 436, � 2, effective May 22. L. 91: (2) amended, p. 1224, � 3, effective May 24. L. 94: Entire section repealed, p. 554, � 20, effective April 6.
Colo. Rev. Stat. § 10-6-105 Employee benefits - minimum coverages
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(1) Any captive insurance company issuing employee benefits coverages, as approved by the commissioner, in its plan of operation shall provide the minimum mandated insurance coverages required of insurance companies in the state. (2) (a) (Deleted by amendment, L. 91, p. 1224, � 4…
Colo. Rev. Stat. § 10-6-106 Names of companies
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No captive insurance company shall adopt the name of any existing company nor any name which may be misleading to the public. Source: L. 72: p. 430, � 1. C.R.S. 1963: � 72-36-6. L. 94: Entire section amended, p. 543, � 4, effective April 6.
Colo. Rev. Stat. § 10-6-107 Formation and operation of captive insurance companies
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(1) No person shall engage in the business of insurance as a captive insurance company without first applying for and obtaining a certificate of authority from the commissioner stating that such person complies with the laws of this state. Applicants shall submit articles of inco…
Colo. Rev. Stat. § 10-6-108 Control of operations
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The business of each captive insurance company shall be managed by a board of directors or other governing body consisting of not less than three persons. The organizational documents or bylaws shall provide for the terms, meetings, and elections of the directors and officers of …
Colo. Rev. Stat. § 10-6-109 Increase of capital. (Repealed)
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Source: L. 72: p. 432, � 1. C.R.S. 1963: � 72-36-9. L. 94: Entire section repealed, p. 554, � 20, effective April 6.
Colo. Rev. Stat. § 10-6-110 Violations - penalty. (Repealed)
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Source: L. 72: p. 432, � 1. C.R.S. 1963: � 72-36-10. L. 94: Entire section repealed, p. 554, �20, effective April 6.
Colo. Rev. Stat. § 10-6-111 No seal required on policies. (Repealed)
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Source: L. 72: p. 432, � 1. C.R.S. 1963: � 72-36-11. L. 89: Entire section amended, p. 464, � 6, effective April 15. L. 94: Entire section repealed, p. 554, � 20, effective April 6.
Colo. Rev. Stat. § 10-6-112 Deemed incorporated under corporation law. (Repealed)
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Source: L. 72: p. 432, � 1. C.R.S. 1963: � 72-36-12. L. 89: Entire section amended, p. 464, � 7, effective April 15. L. 94: Entire section repealed, p. 554, � 20, effective April 6.
Colo. Rev. Stat. § 10-6-113 Authority to do business
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(1) The certificate of authority issued to a captive insurance company shall expire on June 30 each year and shall be renewed annually, upon payment of all required fees and filing of all lawfully required reports, if the company has continued to comply with the laws of this stat…
Colo. Rev. Stat. § 10-6-114 Reports and statements
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(1) Every captive insurance company doing business in this state shall render to the commissioner a report, signed and sworn to by its chief officers, of its condition as of the end of each fiscal year, which shall be in a form prescribed by the commissioner and contain such info…
Colo. Rev. Stat. § 10-6-115 Grounds and procedure for suspension or revocation of certificate - review by commissioner
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(1) The certificate of authority of a captive insurance company to do business in this state may be revoked or suspended by the commissioner for any violation of this article, including without limitation the following: (a) Insolvency or impairment; (b) Failure to meet the requir…
Colo. Rev. Stat. § 10-6-116 Capital and surplus requirements
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(1) No captive insurance company issued a certificate of authority shall be permitted to do any business in this state unless it maintains total capital and surplus of not less than five hundred thousand dollars. (1.5) Upon a written finding by the commissioner that the approved …
Colo. Rev. Stat. § 10-6-117 Security deposits - certificates. (Repealed)
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Source: L. 72: p. 434, � 1. C.R.S. 1963: � 72-36-17. L. 94: Entire section repealed, p. 554, � 20, effective April 6. 10-6-118. Deposit and safekeeping of securities and letters of credit. (Repealed) Source: L. 72: p. 434, � 1. C.R.S. 1963: � 72-36-18. L. 92: Entire section amend…
Colo. Rev. Stat. § 10-6-118 Deposit and safekeeping of securities and letters of credit. (Repealed)
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C.R.S. 10-6-118Statutes 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 Services …
Colo. Rev. Stat. § 10-6-119 Surplus - letter of credit. (Repealed)
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Source: L. 72: p. 435, � 1. C.R.S. 1963: � 72-36-19. L. 87: Entire section amended, p. 437, � 6, effective May 22. L. 92: (1) amended, p. 1563, � 73, effective May 20. L. 94: Entire section repealed, p. 554, � 20, effective April 6.
Colo. Rev. Stat. § 10-6-120 Examinations and investigations
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(1) The commissioner or any person so authorized has the authority to examine the financial condition, affairs, and management of any applicant or captive insurance company operating under the laws of this state. For such purpose the commissioner shall have free access to all the…
Colo. Rev. Stat. § 10-6-121 Legal investments
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(1) Group captive insurance companies shall comply with the investment requirements and limitations applicable to other insurance companies under the laws of this state as described in sections 10-1-102 (2) and (16), 10-3-213 to 10-3-242, and 10-3-802. (2) (a) Pure captive insura…
Colo. Rev. Stat. § 10-6-122 Reinsurance
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(1) Except as otherwise provided in subsection (2) of this section, any captive insurance company authorized to do business in this state may take credit for reserves on risks ceded to a reinsurer pursuant to part 7 of article 3 of this title and any applicable rules. (2) Notwith…
Colo. Rev. Stat. § 10-6-123 Filing of policy provisions - no requirement of filing for pure captive insurance companies. (Repealed)
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C.R.S. 10-6-123Statutes 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 Services …
Colo. Rev. Stat. § 10-6-124 Making of rates. (Repealed)
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Source: L. 72: p. 437, � 1. C.R.S. 1963: � 72-36-24. L. 87: Entire section repealed, p. 439, � 10, effective May 22.
Colo. Rev. Stat. § 10-6-125 Filing of rates
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(1) A group captive insurance company's rates, rate classification systems, or funding levels shall be sufficient to fund expected operations and expenses. The commissioner may require that a pure captive insurance company file rating or funding data if such pure captive insuranc…
Colo. Rev. Stat. § 10-6-126 Rating organizations - membership. (Repealed)
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Source: L. 72: p. 437, � 1. C.R.S. 1963: � 72-36-26. L. 94: Entire section repealed, p. 554, � 20, effective April 6.
Colo. Rev. Stat. § 10-6-127 Guaranty fund coverage - not required
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(1) Any provision of the law to the contrary notwithstanding, no captive insurance company shall be compelled to join or contribute financially to any plan, pool, association, or guaranty or insolvency fund in this state; nor shall any captive insurance company or its insured rec…
Colo. Rev. Stat. § 10-6-128 Tax on premiums collected - exemptions - penalties
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(1) All captive insurance companies doing business in this state, except a disqualified insurance company, shall pay to the division of insurance an annual tax on the gross amount of all premiums collected, less premiums or premium credits returned to policyholders, on policies o…
Colo. Rev. Stat. § 10-6-128.5 Penalties
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(1) The commissioner may charge a late fee of up to one hundred dollars per day for any required or reasonably requested report which is received after the filing deadline. (2) Any company failing to pay taxes as specified in this article shall be liable to pay a penalty of up to…
Colo. Rev. Stat. § 10-6-129 Rules of commissioner
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The commissioner may establish and from time to time amend such reasonable rules as are necessary to enable the commissioner to carry out the commissioner's duties under this article, including rules concerning the establishment and nature of loss reserves. Source: L. 72: p. 439,…
Colo. Rev. Stat. § 10-6-130 Laws applicable
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(1) The provisions of law generally applicable to insurance companies shall not apply to captive insurance companies except as specifically provided in this article and except that captive insurance companies are subject to parts 9 and 10 of article 2 of this title and parts 7, 1…