Colorado Statutes
§ 10-6-122 — Reinsurance
(1)Except as otherwise provided in subsection (2) of
this section, any captive insurance company authorized to do business in this state
may take credit for reserves on risks ceded to a reinsurer pursuant to part 7 of
article 3 of this title and any applicable rules.
(2)Notwithstanding the provisions of subsection (1) of this section, any
captive insurance company may cede risks to a reinsurer not meeting the standards
of said subsection (1) and may take reserve credits if the captive insurance company
receives prior written approval from the commissioner.
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Legislative History
Source: L. 72: p. 436, � 1. C.R.S. 1963: � 72-36-22. L. 94: Entire section R&RE,
p. 549, � 13, effective April 6. L. 2014: (1) amended, (HB 14-1315), ch. 295, p. 1218, �
6, effective January 1, 2015.
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