3 Colo. Code Regs. § 702-3-3-5-6

Current through Register Vol. 48, No. 1, January 10, 2025

Section 3 CCR 702-3-3-5-6 - Written Agreements

The reinsurance agreement shall contain provisions that provide that:

A. The agreement shall constitute the entire contract and agreement between the parties with respect to the business being reinsured thereunder and that there are no understandings between the parties other than as expressed in the agreement; and

B. Any change or modification to the agreement shall be null and void unless made by amendment to the agreement and signed by both parties.

C. The dual signature requirement of this section does not apply to facultative reinsurance agreements signed by the reinsurer.

3 CCR 702-3-3-5-6

37 CR 20, October 25,2014, effective 11/15/2014

37 CR 20, October 25,2014, effective 1/1/2015

37 CR 23, December 10, 2014, effective 1/1/2015

38 CR 17, September 10, 2015, effective 10/1/2015

39 CR 05, March 10, 2016, effective 4/1/2016

39 CR 14, July 25, 2016, effective 8/15/2016

39 CR 23, December 10, 2016, effective 1/1/2017

40 CR 03, February 10, 2017, effective 3/15/2017

40 CR 05, March 10, 2017, effective 4/1/2017

40 CR 13, July 10, 2017, effective 8/1/2017

40 CR 17, September 10, 2017, effective 11/1/2017

43 CR 06, March 25, 2020, effective 4/15/2020

44 CR 03, February 10, 2021, effective 3/15/2021

44 CR 23, December 10, 2021, effective 1/1/2022

46 CR 03, February 10, 2023, effective 3/2/2023