Colorado Statutes
§ 10-16-1007 — Prohibition on cooperatives transacting insurance business
A
cooperative shall not perform any activity included in the definition of transacting
insurance business in this state, as provided in section 10-3-903, except as
otherwise authorized in the powers, duties, and responsibilities of cooperatives as
set forth in section 10-16-1009. A cooperative shall not establish or engage in the
activities of a health maintenance organization.
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Legislative History
Source: L. 2004: Entire part added, p. 999, � 14, effective August 4. L. 2013: Entire section amended, (HB 13-1266), ch. 217, p. 990, � 53, effective May 13.
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