Colorado Statutes
§ 10-6-113 — Authority to do business
(1)The certificate of authority issued to
a captive insurance company shall expire on June 30 each year and shall be
renewed annually, upon payment of all required fees and filing of all lawfully
required reports, if the company has continued to comply with the laws of this
state.
(2)Within thirty business days from the day the division of insurance
receives a complete filing, the division shall render a decision on the application.
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Legislative History
Source: L. 72: p. 432, � 1. C.R.S. 1963: � 72-36-13. L. 76: (2) amended, p. 381,
� 4, effective April 6. L. 87: (2) amended, p. 437, � 4, effective May 22. L. 91: (2)
amended, p. 1225, � 5, effective May 24. L. 92: (1) amended, p. 1562, � 69, effective
July 1. L. 94: Entire section amended, p. 545, � 7, effective April 6.
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 states