7 Colo. Code Regs. § 1101-12-2-1
Current through Register Vol. 47, No. 23, December 10, 2024
Section 7 CCR 1101-12-2-1 - Financial Standards(A) Any person who operates an Amusement Ride and Device must have currently in force an insurance policy written by an insurance company authorized to do business in this state or by a surplus lines insurer, in an amount of not less than $100,000 per occurrence with a $300,000 annual aggregate for Class A Amusement Rides and Devices and an amount of not less than $1 million per occurrence for Class B Amusement Rides and Devices insuring the Operator against liability for Injury arising out of the use of the amusement ride.(B) For governmental entities, insurance or self-insurance in accordance with 24-10-115 C.R.S. of The Governmental Immunity Act, or participation in a public entity self-insurance pool pursuant to 24-10-115.5 C.R.S. of The Governmental Immunity Act shall be deemed to meet the financial standards of this section.38 CR 13, July 10, 2015, effective 7/30/201542 CR 12, June 25, 2019, effective 7/15/201947 CR 15, August 10, 2024, effective 8/30/2024