Colorado Statutes
§ 10-4-507 — Board of directors
Colorado § 10-4-507
This text of Colorado § 10-4-507 (Board of directors) 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. § 10-4-507 (2026).
Text
(1)The board of directors of the association
shall consist of not less than five nor more than nine persons serving terms as
established in the plan of operation. The members of the board shall be selected by
member insurers, subject to the approval of the commissioner. Vacancies on the
board shall be filled for the remaining period of the term in the same manner as
initial appointments.
(2)In approving selections to the board, the commissioner shall consider
among other things whether all member insurers are fairly represented.
(3)Members of the board may be reimbursed from the assets of the
association for actual and necessary expenses incurred by them as members of the
board of directors.
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Legislative History
Source: L. 71: p. 757, � 1. C.R.S. 1963: � 72-34-7.
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 statesCite This Page — Counsel Stack
Bluebook (online)
Colorado § 10-4-507, Counsel Stack Legal Research, https://law.counselstack.com/statute/co/10/10-4-507.