Colorado § 10-6-122 Reinsurance

Colorado Statutes

§ 10-6-122 — Reinsurance

Colorado § 10-6-122

Title 10Insurance

Art.Captive Insurance Companies

This text of Colorado § 10-6-122 (Reinsurance) 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. § 10-6-122 (2026).

Text

(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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(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.

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.