Colorado Statutes
§ 10-4-105 — Valuation of bonds and policies other than life
For the purpose of
establishing the liability of companies doing a surety business and of insurance
companies other than life, the amount required to safely reinsure all outstanding
risks shall be estimated by taking fifty percent of the gross annual premiums on all
surety bonds, risks, and policies in force that have less than one year to run, and pro
rata of all gross premiums on risks that have more than one year to run.
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Legislative History
Source: L. 13: p. 350, � 42. C.L. � 2515. CSA: C. 87, � 56. CRS 53: � 72-3-2. C.R.S. 1963: � 72-3-2.
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