Colorado Statutes
§ 10-6-127 — Guaranty fund coverage - not required
(1)Any provision of the
law to the contrary notwithstanding, no captive insurance company shall be
compelled to join or contribute financially to any plan, pool, association, or guaranty
or insolvency fund in this state; nor shall any captive insurance company or its
insured receive any benefit from such plan, pool, association, or guaranty or
insolvency fund for claims arising out of operations of such captive insurance
company.
(2)All policy forms or other evidence of coverage shall clearly disclose that
guaranty fund coverage is not available.
Free access — add to your briefcase to read the full text and ask questions with AI
Colorado § 10-6-127 (Guaranty fund coverage - not required) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Source: L. 72: p. 437, � 1. C.R.S. 1963: � 72-36-27. L. 94: Entire section
amended, p. 550, � 15, 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