Colorado § 10-3-1102 Definitions

Colorado Statutes

§ 10-3-1102 — Definitions

Colorado·Title 10 Insurance·Art. Regulation of Insurance Companies

As used in this part 11, unless the context otherwise requires:

(1)Commissioner means the commissioner of insurance.

(2)Insurance policy or insurance contract means any contract of insurance, indemnity, medical or hospital service, suretyship, or annuity issued, proposed for issuance, or intended for issuance by any person. (2.5) Repealed.

(3)Person means any individual, corporation, association, partnership, reciprocal exchange, interinsurer, Lloyds insurer, nonadmitted insurer, fraternal benefit society, and other legal entities engaged in the insurance business, including agents, limited insurance representatives, agencies, brokers, surplus line brokers, and adjusters. The term also includes medical service plans and hospital service plans regulated under parts 1 and 3 of

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As used in this part 11, unless the context otherwise
requires:

(1) Commissioner means the commissioner of insurance.

(2) Insurance policy or insurance contract means any contract of
insurance, indemnity, medical or hospital service, suretyship, or annuity issued,
proposed for issuance, or intended for issuance by any person.

(2.5) Repealed.

(3) Person means any individual, corporation, association, partnership,
reciprocal exchange, interinsurer, Lloyds insurer, nonadmitted insurer, fraternal
benefit society, and other legal entities engaged in the insurance business,
including agents, limited insurance representatives, agencies, brokers, surplus line
brokers, and adjusters. The term also includes medical service plans and hospital
service plans regulated under parts 1 and 3 of article 16 of this title 10, health
maintenance organizations regulated under parts 1 and 4 of article 16 of this title
10, and multiple employer welfare arrangements operating pursuant to section 10-3-903.5 (7)(d). The plans, arrangements, and organizations shall be deemed to be
engaged in the business of insurance for purposes of this part 11 only.

Colorado § 10-3-1102 (Definitions) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

Source: L. 73: R&RE, p. 857, � 1. C.R.S. 1963: � 72-14-2. L. 78: (2.5) added, p. 293, � 1, effective July 1. L. 81: (2.5) repealed, p. 577, � 5, effective June 4. L. 84: (3) amended, p. 331, � 1, effective July 1. L. 87: (3) amended, p. 425, � 1, effective May 1. L. 92: (3) amended, p. 1723, � 4, effective July 1. L. 95: (3) amended, p. 491, �5, effective May 16. L. 2021: (3) amended, (SB 21-063), ch. 467, p. 3363, � 2, effective September 7.