Colorado Statutes
§ 10-12-110 — Mutual insurance companies - premiums and premium deposits
Colorado § 10-12-110
This text of Colorado § 10-12-110 (Mutual insurance companies - premiums and premium deposits) is published on Counsel Stack Legal Research, covering Colorado primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Colo. Rev. Stat. § 10-12-110 (2026).
Text
The policies shall provide for a premium or premium deposit payable in cash and,
except as provided in this section, for a contingent premium at least equal to the
premium or premium deposit. Such mutual company may issue a policy without a
contingent premium while it has a surplus equal to the capital required of a
domestic stock insurance company transacting the same kinds of insurance, and in
no event shall the holder of any such policy be liable for a greater amount than the
premium or premium deposit expressed in the policy. If at any time the admitted
assets are less than the reserve and other liabilities, the company shall immediately
collect upon policies with a contingent premium a sufficient proportionate part
thereof to restore such assets, but no member shall be liable
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Legislative History
Source: L. 21: p. 465, � 10. C.L. � 2566. CSA: C. 87, � 136. CRS 53: � 72-5-10. L. 55: p. 457, � 1. C.R.S. 1963: � 72-5-10.
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 statesCite This Page — Counsel Stack
Bluebook (online)
Colorado § 10-12-110, Counsel Stack Legal Research, https://law.counselstack.com/statute/co/10/10-12-110.