Colorado § 10-5-101.5 Exemptions

Colorado Statutes

§ 10-5-101.5 — Exemptions

Colorado § 10-5-101.5

Title 10Insurance

Art.Nonadmitted Insurance

This text of Colorado § 10-5-101.5 (Exemptions) 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. § 10-5-101.5 (2026).

Text

(1)The provisions of this article controlling the placing of insurance with nonadmitted insurers shall not apply to reinsurance or, except as to subsection (2) of this section, to the following types of insurance when placed by licensed agents or brokers of this state:

(a)Insurance on vessels or crafts or their hulls or cargoes or on marine builders' risks or marine protection and indemnity or other risks, including strikes and war risks commonly insured under ocean or wet marine forms of policy;

(b)Insurance on subjects located, resident, or to be performed wholly outside of this state or on vehicles or aircraft owned and principally garaged outside this state;

(c)Insurance on the operations of railroads engaged in transportation in interstate commerce and their property us

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(1) The provisions of this article controlling the
placing of insurance with nonadmitted insurers shall not apply to reinsurance or,
except as to subsection (2) of this section, to the following types of insurance when
placed by licensed agents or brokers of this state:

(a) Insurance on vessels or crafts or their hulls or cargoes or on marine
builders' risks or marine protection and indemnity or other risks, including strikes
and war risks commonly insured under ocean or wet marine forms of policy;

(b) Insurance on subjects located, resident, or to be performed wholly
outside of this state or on vehicles or aircraft owned and principally garaged
outside this state;

(c) Insurance on the operations of railroads engaged in transportation in
interstate commerce and their property used in such operations;

(d) Insurance on aircraft owned or operated by manufacturers of aircraft or
on aircraft operated in commercial scheduled interstate flight or the cargo of such
aircraft or against liability, other than workers' compensation and employers'
liability, arising out of the ownership, maintenance, or use of such aircraft;

(e) Insurance on satellites or other devices intended for launch beyond the
earth's atmosphere.

(2) Brokers placing any insurance referred to in subsection (1) of this section
shall keep a full and true record of each such coverage in detail as required of
surplus line insurance under this article. The record shall be preserved for not less
than three years after the effective date of the insurance; shall be kept in the
broker's office and open to the commissioner's examination and on forms
designated and furnished by the commissioner; and shall contain a report of all
such coverages so placed in a designated calendar year.