Colorado Statutes
§ 10-4-1306 — Deficits - assessment - rebate of surplus
Colorado § 10-4-1306
This text of Colorado § 10-4-1306 (Deficits - assessment - rebate of surplus) is published on Counsel Stack Legal Research, covering Colorado primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Colo. Rev. Stat. § 10-4-1306 (2026).
Text
(1)Whenever a deficit
exists, the board shall, within ninety days, provide the commissioner with a program
to eliminate the deficit within a reasonable time.
(2)Any premiums or assessments collected by the plan in excess of the
amount necessary to fund projected ultimate incurred losses and expenses of the
plan and not paid to insureds in conjunction with dividend programs shall be
retained by the plan for future use as necessary to ensure the continued
operational viability of the plan.
(3)If the plan incurs a deficit or surplus from operations in excess of the
amount required under subsection (2) of this section, as determined by the
commissioner, the amount of the deficit or surplus shall be assessed or rebated to
the participating insurers. Each such insurer shall pay a p
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Legislative History
Source: L. 95: Entire part added, p. 734, � 1, effective May 23.
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 statesCite This Page — Counsel Stack
Bluebook (online)
Colorado § 10-4-1306, Counsel Stack Legal Research, https://law.counselstack.com/statute/co/10/10-4-1306.