Colorado Statutes
§ 10-13-105 — Maximum indemnity on single risk
There shall be filed with the
commissioner by such attorney a statement under oath showing the maximum
amount of indemnity upon any single risk, and such attorney, as often as the same
is required, shall file with the commissioner a statement verified by his oath to the
effect that he has examined the commercial rating of such subscribers as shown by
the reference book of a commercial agency having at least one hundred thousand
subscribers and that from such examination or from other information in his
possession it appears that no subscriber has assumed on any single risk an amount
greater than ten percent of the net worth of such subscriber.
Free access — add to your briefcase to read the full text and ask questions with AI
Colorado § 10-13-105 (Maximum indemnity on single risk) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Source: L. 13: p. 373, � 81. C.L. � 2554. CSA: C. 87, � 98. CRS 53: � 72-4-5. C.R.S. 1963: � 72-4-5.
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