Colorado Statutes
§ 10-4-1706 — Compensation
(1)This part 17 does not prohibit the payment or
receipt of related compensation in the form of a commission, service fee,
brokerage, or other valuable consideration for the sale of self-storage insurance
that the supervising entity is authorized to sell, solicit, or negotiate under this part
17 if the supervising entity was duly licensed under this part 17 for the performance
of the services and has met all conditions as set forth in this part 17.
(2)Notwithstanding any other provision of law, a self-storage retailer shall
not compensate employees based primarily on the number of occupants enrolled
for limited lines self-storage insurance, but the self-storage retailer may
compensate employees for activities under the limited lines employee's or
supervising entity's overall co
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Legislative History
Source: L. 2017: Entire part added, (HB 17-1263), ch. 368, p. 1918, � 1,
effective August 9.
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