Colorado § 44-32-510 Liability insurance - bond for race meets

Colorado Statutes

§ 44-32-510 — Liability insurance - bond for race meets

Colorado·Title 44 Revenue -·Art. Racing

(1)For the protection of the public and the exhibitors, contestants, and visitors, every person licensed to conduct a race meet under the provisions of this article 32 shall carry public liability insurance in the form of a contract and with a company to be approved by the commission.

(2)An organization representing the majority of the owners of racing animals participating in any race meet may require the licensee conducting the race meet to provide and deliver to the commission evidence of a bond signed by a surety company authorized to do business in this state, in an amount sufficient to cover all awards and purses due to the contestants at the race meet and conditioned that the licensee will pay and discharge all obligations to the contestants in connection with the race

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(1) For the protection
of the public and the exhibitors, contestants, and visitors, every person licensed to
conduct a race meet under the provisions of this article 32 shall carry public
liability insurance in the form of a contract and with a company to be approved by
the commission.

(2) An organization representing the majority of the owners of racing animals
participating in any race meet may require the licensee conducting the race meet to
provide and deliver to the commission evidence of a bond signed by a surety
company authorized to do business in this state, in an amount sufficient to cover all
awards and purses due to the contestants at the race meet and conditioned that
the licensee will pay and discharge all obligations to the contestants in connection
with the race meet.

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