Colorado § 10-6-108 Control of operations

Colorado Statutes

§ 10-6-108 — Control of operations

Colorado § 10-6-108

Title 10Insurance

Art.Captive Insurance Companies

This text of Colorado § 10-6-108 (Control of operations) 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. § 10-6-108 (2026).

Text

The business of each captive insurance
company shall be managed by a board of directors or other governing body
consisting of not less than three persons. The organizational documents or bylaws
shall provide for the terms, meetings, and elections of the directors and officers of
the governing body. No individual may serve as a director or officer who has been
convicted of fraud involving any financial institution or of a felony involving misuse
of funds.

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The business of each captive insurance
company shall be managed by a board of directors or other governing body
consisting of not less than three persons. The organizational documents or bylaws
shall provide for the terms, meetings, and elections of the directors and officers of
the governing body. No individual may serve as a director or officer who has been
convicted of fraud involving any financial institution or of a felony involving misuse
of funds.

Legislative History

Source: L. 72: p. 431, � 1. C.R.S. 1963: � 72-36-8. L. 89: (1) amended, p. 464, � 5, effective April 15. L. 94: Entire section R&RE, p. 545, � 6, effective April 6.