Colorado Statutes
§ 10-13-107 — Reserve required
There shall be maintained at all times an
unearned premium reserve computed on a monthly or more frequent pro rata basis.
The computation of this reserve shall be based upon premium deposits other than
membership fees and without any deduction for expenses and the compensation of
an attorney.
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Legislative History
Source: L. 13: p. 373, � 81. C.L. � 2554. CSA: C. 87, � 98. CRS 53: � 72-4-7. C.R.S. 1963: � 72-4-7. L. 71: p. 720, � 2. L. 75: Entire section R&RE, p. 369, � 1,
effective July 1.
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