Colorado Statutes
§ 10-4-1809 — Assessment of fees
(1)(a) The FAIR plan association may
collect fees from member insurers to generate sufficient revenue to start up the
association.
(b)A member insurer that pays a fee based on subsection (1)(a) of this
section may recoup the amount directly from the member insurers' policyholders.
(c)A member insurer shall not increase premiums based on a fee assessed
pursuant to subsection (1)(a) of this section.
(d)The fee described in subsection (1)(a) of this section is not a premium for
any purpose, including the computation of the gross premium tax described in
section 10-3-209, or a licensed producer's commission.
(2)(a) The FAIR plan association may collect fees from member insurers as
needed for the association to meet its financial obligations, subject to approval by
the commissi
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Legislative History
Source: L. 2023: Entire part added, (HB 23-1288), ch. 170, p. 836, � 1,
effective August 7.
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