Colorado § 10-4-1803 Definitions

Colorado Statutes

§ 10-4-1803 — Definitions

Colorado·Title 10 Insurance·Art. Property and Casualty Insurance

As used in this part 18, unless the context otherwise requires:

(1)Board means the board of directors of the FAIR plan association created in section 10-4-1805.

(2)Commercial property insurance means insurance against direct loss to commercial property, including buildings and building contents, resulting from the perils of fire, perils covered under extended coverage, vandalism, or malicious mischief. Commercial property insurance does not include commercial automobile insurance or farm risks.

(3)FAIR plan or plan means the fair access to insurance requirements plan established by the board pursuant to section 10-4-1806.

(4)FAIR plan association or association means the fair access to insurance requirements plan association created in section 10-4-1804.

(5)Member insurer

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As used in this part 18, unless the context otherwise
requires:

(1) Board means the board of directors of the FAIR plan association created
in section 10-4-1805.

(2) Commercial property insurance means insurance against direct loss to
commercial property, including buildings and building contents, resulting from the
perils of fire, perils covered under extended coverage, vandalism, or malicious
mischief. Commercial property insurance does not include commercial
automobile insurance or farm risks.

(3) FAIR plan or plan means the fair access to insurance requirements
plan established by the board pursuant to section 10-4-1806.

(4) FAIR plan association or association means the fair access to
insurance requirements plan association created in section 10-4-1804.

(5) Member insurer means any admitted company that offers or sells any
property insurance, including commercial property insurance.

(6) Property insurance means insurance against direct loss to residential
property, including buildings and building contents, resulting from the perils of fire,
perils covered under extended coverage, vandalism, or malicious mischief.
Property insurance does not include automobile insurance or farm risks.

Colorado § 10-4-1803 (Definitions) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.