Colorado § 10-4-412 Assigned risk motor vehicle insurance

Colorado Statutes

§ 10-4-412 — Assigned risk motor vehicle insurance

Colorado § 10-4-412

Title 10Insurance

Art.Property and Casualty Insurance

This text of Colorado § 10-4-412 (Assigned risk motor vehicle insurance) 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. § 10-4-412 (2026).

Text

(1)The commissioner may, after consultation with the insurers licensed to write motor vehicle insurance in this state, establish or approve a reasonable plan, and rules governing the same, for the equitable apportionment among such insurers of applicants for such insurance who are in good faith entitled to but are unable to procure insurance through ordinary methods, and, when such plan has been approved, all such insurers shall subscribe thereto and shall participate therein. Any applicant for such insurance, any person insured under such plan, and any insurer affected may appeal to the commissioner from any ruling or decision of the manager or committee designated to operate such plan.

(2)If an insurer admitted to transact motor vehicle insurance fails to subscribe to the pl

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(1) The commissioner may,
after consultation with the insurers licensed to write motor vehicle insurance in this
state, establish or approve a reasonable plan, and rules governing the same, for the
equitable apportionment among such insurers of applicants for such insurance who
are in good faith entitled to but are unable to procure insurance through ordinary
methods, and, when such plan has been approved, all such insurers shall subscribe
thereto and shall participate therein. Any applicant for such insurance, any person
insured under such plan, and any insurer affected may appeal to the commissioner
from any ruling or decision of the manager or committee designated to operate
such plan.

(2) If an insurer admitted to transact motor vehicle insurance fails to
subscribe to the plan or to any amendments thereto or fails to comply with the rules
of the plan, the commissioner shall give ten days' written notice to such insurer to
so subscribe or so comply. If such insurer fails to comply with such notice, the
commissioner, after hearing, may suspend the certificate of authority of such
insurer to transact insurance business in this state until such insurer so complies.