Colorado Statutes
§ 10-2-904 — Required contract provisions - reinsurance intermediary-producers
Colorado § 10-2-904
This text of Colorado § 10-2-904 (Required contract provisions - reinsurance intermediary-producers) 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. § 10-2-904 (2026).
Text
(1)Transactions between an RP and the insurer such RP represents
shall only be entered into pursuant to a written authorization specifying the
responsibilities of each party. The authorization shall, at a minimum, contain
provisions that:
(a)The insurer may terminate the RP's authority at any time;
(b)The RP shall render accounts to the insurer accurately detailing all
material transactions, including information necessary to support all commissions,
charges, and other fees received by, or owing to, the RP, and remit all funds due to
the insurer within thirty days of receipt;
(c)All funds collected for the insurer's account shall be held by the RP in a
fiduciary capacity in a bank which is a qualified United States financial institution;
(d)The RP shall comply with section
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Legislative History
Source: L. 93: Entire article R&RE, p. 1377, � 1, effective January 1, 1995.
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 § 10-2-904, Counsel Stack Legal Research, https://law.counselstack.com/statute/co/10/10-2-904.