Colorado Statutes
§ 10-3-104 — Unauthorized companies - penalties
Except for reinsurance by an
authorized insurer or insurance effected pursuant to the provisions of article 5 or
article 15 of this title 10, it is unlawful for any person, company, or corporation in
this state to procure, receive, or forward applications for insurance in, or to issue or
to deliver policies for, any company not legally authorized to do business in this
state, as provided in this title 10 and article 14 of title 24. Any person violating the
provisions of this section commits a class 2 misdemeanor and shall be punished as
provided in section 18-1.3-501.
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Legislative History
Source: L. 13: p. 334, � 20. C.L. � 2490. CSA: C. 87, � 18. L. 49: p. 472, � 17. CRS 53: � 72-1-16. C.R.S. 1963: � 72-1-16. L. 92: Entire section amended, p. 1536, �
24, effective May 20. L. 2003: Entire section amended, p. 849, � 1, effective July 1. L.
2006: Entire section amended, p. 1490, � 9, effective June 1. L. 2012: Entire section
amended, (HB 12-1266), ch. 280, p. 1502, � 20, effective July 1. L. 2021: Entire
section amended, (SB 21-271), ch. 462, p. 3147, � 110, effective March 1, 2022.
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