Colorado § 10-5-106 When export declared eligible

Colorado Statutes

§ 10-5-106 — When export declared eligible

Colorado·Title 10 Insurance·Art. Nonadmitted Insurance

The commissioner may, by rule,
declare eligible for export generally, notwithstanding the provisions of section 10-5-103 (1)(b) and (1)(c), any class of insurance coverage or risk for which the
commissioner finds that there is no reasonable or adequate market among insurers
licensed in this state. For the purposes of this section, the diligent effort
requirements of this article shall not apply to transactions with exempt commercial
policyholders, as defined pursuant to section 10-4-1402 and rules adopted by the
commissioner pursuant to that section.

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The commissioner may, by rule,
declare eligible for export generally, notwithstanding the provisions of section 10-5-103 (1)(b) and (1)(c), any class of insurance coverage or risk for which the
commissioner finds that there is no reasonable or adequate market among insurers
licensed in this state. For the purposes of this section, the diligent effort
requirements of this article shall not apply to transactions with exempt commercial
policyholders, as defined pursuant to section 10-4-1402 and rules adopted by the
commissioner pursuant to that section.

Colorado § 10-5-106 (When export declared eligible) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

Source: L. 49: p. 468, � 5. CSA: C. 87, � 322. CRS 53: � 72-14-5. C.R.S. 1963: � 72-13-5. L. 77: Entire section repealed, p. 506, � 7, effective January 1, 1978. L. 81: Entire section RC&RE, p. 539, � 4, effective January 1, 1982. L. 92: Entire section amended, p. 1491, � 20, effective July 1. L. 99: Entire section amended, p. 388, � 11, effective January 15, 2000.