Colorado Statutes
§ 10-4-516 — Recognition of assessments in rates
The rates and premiums
charged for insurance policies to which this part 5 applies shall include amounts
sufficient to recoup a sum equal to the amounts paid to the association by the
member insurer, less any amounts returned to the member insurer by the
association, and such rates shall not be deemed excessive because they contain an
amount reasonably calculated to recoup assessments paid by the member insurer.
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Legislative History
Source: L. 71: p. 762, � 1. C.R.S. 1963: � 72-34-16.
Nearby Sections
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§ 10-1-101
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Penalty§ 10-1-116
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