Colo. Rev. Stat. § 10-5-104

Current through Chapter 519 of the 2024 Legislative Session and Chapter 2 of the 2024 First Extraordinary Session

Section 10-5-104 - Endorsement of contract

Every insurance contract procured and delivered as a surplus line coverage pursuant to this article shall be initialed by or bear the name of the surplus line broker who procured it and shall have stamped upon it the following: "This contract is delivered as a surplus line coverage under the 'Nonadmitted Insurance Act'. The insurer issuing this contract is not licensed in Colorado but is an eligible nonadmitted insurer. There is no protection under the provisions of the 'Colorado Insurance Guaranty Association Act'."

C.R.S. § 10-5-104

L. 49: p. 468, § 3. CSA: C. 87, § 320. CRS 53: § 72-14-3. C.R.S. 1963: § 72-13-3. L. 95: Entire section amended, p. 492, § 11, effective May 16. L. 2012: Entire section amended, (HB 12-1215), ch. 104, p. 355, § 10, effective August 8.

For the "Colorado Insurance Guaranty Association Act", see part 5 of article 4 of this title 10.