Colorado Statutes
§ 10-10-117 — Insurance expense not computed as cost of loan
In connection
with insurance which is permitted under this article, the premium and any gain or
advantage to the creditor, or to any employee, affiliate, or associate of the creditor,
from such insurance or its sale shall not be deemed to be an additional or further
interest, discount, or charge, and the creditor may receive commissions on the
premium paid for such insurance if the creditor or an employee of the creditor is a
duly licensed insurance broker or agent under the insurance laws of the state of
Colorado.
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Legislative History
Source: L. 69: p. 541, � 17. C.R.S. 1963: � 72-28-17.
Nearby Sections
15
§ 10-1-101
Legislative declaration§ 10-1-102
Definitions§ 10-1-105
Actuary§ 10-1-107
Personal fees prohibited§ 10-1-109
Rules of commissioner§ 10-1-111
Invoking aid of courts§ 10-1-113
No seal required on policies§ 10-1-114
Sale of premium notes prohibited§ 10-1-115
Penalty§ 10-1-116
Defamation of other companies - penalty§ 10-1-117
Company unauthorized in other states