Colorado § 10-3-131 Acts of producers - responsibility of insurer - definitions

Colorado Statutes

§ 10-3-131 — Acts of producers - responsibility of insurer - definitions

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

(1)An insurer authorized to conduct business in this state, who knew or should have known about the unfair business practices of an insurance producer, may be financially responsible for the unfair business practices of the insurance producer, who, while acting on behalf of the insurer, engaged in unfair business practices that violate this title.

(2)As used in this section, insurance producer shall have the meaning set forth in section 10-2-103.

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

(1) An
insurer authorized to conduct business in this state, who knew or should have
known about the unfair business practices of an insurance producer, may be
financially responsible for the unfair business practices of the insurance producer,
who, while acting on behalf of the insurer, engaged in unfair business practices that
violate this title.

(2) As used in this section, insurance producer shall have the meaning set
forth in section 10-2-103.

Colorado § 10-3-131 (Acts of producers - responsibility of insurer - definitions) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.