Colorado § 10-6-125 Filing of rates

Colorado Statutes

§ 10-6-125 — Filing of rates

Colorado·Title 10 Insurance·Art. Captive Insurance Companies

(1)A group captive insurance company's rates, rate classification systems, or funding levels shall be sufficient to fund expected operations and expenses. The commissioner may require that a pure captive insurance company file rating or funding data if such pure captive insurance company provides or plans to provide employee benefits.

(2)Rating structures for insurance applied to and paid by employees of a captive insurance company shall not be excessive, inadequate, or unfairly discriminatory.

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(1) A group captive insurance company's rates,
rate classification systems, or funding levels shall be sufficient to fund expected
operations and expenses. The commissioner may require that a pure captive
insurance company file rating or funding data if such pure captive insurance
company provides or plans to provide employee benefits.

(2) Rating structures for insurance applied to and paid by employees of a
captive insurance company shall not be excessive, inadequate, or unfairly
discriminatory.

Colorado § 10-6-125 (Filing of rates) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

Source: L. 72: p. 437, � 1. C.R.S. 1963: � 72-36-25. L. 79: (3) amended, p. 377, � 13, effective July 1. L. 87: (1) amended, p. 438, � 9, effective May 22. L. 89: (4) added, p. 467, � 14, effective April 15. L. 94: Entire section amended, p. 549, � 14, effective April 6.