Colorado Statutes

§ 10-3-1003 — Service of process upon unauthorized insurer

Colorado·Title 10 Insurance·Art. Regulation of Insurance Companies
(1)Any of the following acts in this state, effected by mail or otherwise, by an unauthorized foreign or alien insurer: The issuance or delivery of contracts of insurance to residents of this state or to corporations authorized to do business therein; the solicitation of applications for such contracts; the collection of premiums, membership fees, assessments, or other considerations for such contracts; or any other transaction of insurance business, is equivalent to and constitutes an appointment by such insurer of the commissioner and his successor in office to be its true and lawful attorney, upon whom may be served all lawful process in any action, suit, or proceeding instituted by or on behalf of an insured or beneficiary arising out of any such contract of insurance; and a

Free access — add to your briefcase to read the full text and ask questions with AI

Colorado § 10-3-1003 (Service of process upon unauthorized insurer) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

Source: L. 55: p. 476, � 2. CRS 53: � 72-19-2. C.R.S. 1963: � 72-18-2. L. 86: (2) amended, p. 555, � 6, effective July 1. L. 89: (2) amended, p. 437, � 8, effective July 1.

Nearby Sections

15
View on official source ↗