§ 10-11-201. Title Insurance Commission – Creation – Advisory Body – Appointment of Members – Meetings – Repeal
There is hereby created in the division the title insurance commission. The commission is an advisory body to the commissioner concerning matters of title insurance. Nothing in this section divests the commissioner of his or her authority to regulate the business of insurance. The commission consists of nine members appointed by the governor as follows: […]
§ 10-11-202. Powers, Duties, and Functions – Recommendations on Rules
The commission may: Propose, advise, and recommend rules subject to approval by the commissioner for the implementation and administration of the business of title insurance; Propose, advise, and recommend bulletins and position statements related to the business of title insurance for issuance upon the commissioner’s approval; Propose, advise, and recommend the establishment of additional consumer […]
§ 10-11-203. Repeal of Part
This part 2 is repealed, effective September 1, 2025; except that, prior to its repeal, the commission shall be reviewed pursuant to section 2-3-1203, C.R.S. Source: L. 2015: Entire part added, (SB 15-210), ch. 292, p. 1193, § 2, effective August 5
§ 10-11-120. Corporate Existence Preserved
The repeal of article 12 of chapter 31, C.R.S. 1963, shall not affect the corporate existence of corporations organized under the provisions of said article 12 if such corporations are on July 1, 1969, engaged in the business of title insurance or title insurance agents in this state. Such corporations in all other respects shall […]
§ 10-11-121. Application of Article – Other Laws Applicable
The provisions of this article shall apply to all title insurance companies, title insurance rating organizations, title insurance agents, applicants for title insurance, policyholders, and persons and business entities deemed to be engaged in the business of title insurance. In addition to the provisions of this article, the laws governing insurance companies, except as they […]
§ 10-11-122. Title Commitments – Rules
Every title insurance agent or title insurance company shall provide, along with each commitment for an owner’s policy of title insurance pertaining to a sale of residential real property as defined in section 39-1-102 (14.5), C.R.S., a statement disclosing the following information: That the subject real property may be located in a special taxing district; […]
§ 10-11-123. Notification of Severed Mineral Estates
For purposes of this section: “Mineral estate” means a mineral interest in real property. “Severed” means that the surface owner does not own all or any part of the mineral estate. “Surface estate” means an interest in real property that does not include the full mineral estate as shown by recorded documents that impart constructive […]
§ 10-11-108. Prohibitions
A title insurance company or title insurance agent shall not: Engage in the business of guaranteeing the payment of the principal or the interest of bonds, notes, or other obligations; Transact, underwrite, or issue any kind of insurance other than title insurance; Give or receive or attempt to give or receive remuneration in any form […]
§ 10-11-124. Affiliated Business Arrangements – Rules – Investigative Information Shared With Division of Real Estate
An affiliated business arrangement is permitted where the person referring business to the affiliated business arrangement receives payment only in the form of a return on an investment and where it does not violate the provisions of section 10-11-108 (1). A title insurance company or a title insurance agent making a referral as part of […]
§ 10-11-109. Unearned Premium Reserve
In lieu of those reserves required for other insurance companies, every domestic title insurance company, and every foreign or alien title insurance company which under the state of domicile is not required to maintain a substantially equivalent unearned premium reserve, shall, in addition to other reserves, establish and maintain a reserve to be known as […]