Colorado § 10-3-122 Duties of foreign companies

Colorado Statutes

§ 10-3-122 — Duties of foreign companies

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

Any foreign life or accident
insurance company doing business in the state of Colorado, if the insurance
contract is made in this state, shall pay its obligations when same are due and
payable through its agent in the county where the contract was made, or at the
office of its general agent within this state, after approval by the proper officers at
the home office of the company, upon presentation of the insurance contract and
proofs required thereunder by the insured, assigns, or beneficiaries. This insurance
contract is deemed to be made and payable in the state of Colorado, if made
through an authorized agent of such insurance company within this state,
irrespective of where the insurance contract may be written.

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Any foreign life or accident
insurance company doing business in the state of Colorado, if the insurance
contract is made in this state, shall pay its obligations when same are due and
payable through its agent in the county where the contract was made, or at the
office of its general agent within this state, after approval by the proper officers at
the home office of the company, upon presentation of the insurance contract and
proofs required thereunder by the insured, assigns, or beneficiaries. This insurance
contract is deemed to be made and payable in the state of Colorado, if made
through an authorized agent of such insurance company within this state,
irrespective of where the insurance contract may be written.

Colorado § 10-3-122 (Duties of foreign companies) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.