§ 10-15-117. Reinstatement of License
The commissioner may reinstate a suspended license or issue a new license to a person whose license has been revoked if no fact or condition then exists which clearly would have justified the commissioner in refusing originally to issue such license and the violations of this article which preceded the suspension or revocation of the […]
§ 10-15-118. Violation
[ Editor’s note: This version of subsection (1) is effective until March 1, 2022.] Any person who violates any provision of this article commits a class 3 misdemeanor and shall be punished as provided in section 18-1.3-501, C.R.S. Any person who violates the trust fund provisions of this article or any other misappropriation of funds […]
§ 10-15-119. Immunity From Prosecution
If any person asks to be excused from attending and testifying or from producing any books, papers, records, correspondence, or other documents at any hearing on the ground that the testimony or evidence required of the person may tend to incriminate the person or subject the person to a penalty or forfeiture, and, notwithstanding such […]
§ 10-15-120. Rule Against Perpetuities Inapplicable
No trust created pursuant to the provisions of this article, nor any interest therein, shall be deemed to be invalid by any existing law or rule against perpetuities or accumulations or suspension of the power of alienation and such trust and any interest therein may continue for such time as may be necessary to accomplish […]
§ 10-15-121. Other Insurance Laws Applicable
In addition to the provisions of this article, the provisions of article 1 of this title and parts 9 and 11 of article 3 of this title, except as they are inconsistent with the provisions or purposes of this article, shall apply to any person regulated pursuant to this article. Source: L. 95: Entire article […]
§ 10-15-123. Repeal of Article
This article 15 is repealed, effective September 1, 2022. Before its repeal, the department of regulatory agencies shall review the regulation of preneed funeral contracts in accordance with section 24-34-104. Source: L. 2017: Entire section added, (SB 17-249), ch. 283, p. 1544, § 6, effective June 1.
§ 10-15-102. Definitions
As used in this article 15, unless the context otherwise requires: “Broker” means any contract seller who must utilize the services of a general provider to fulfill the terms of a preneed contract. (1.5) “Cash advances” means consideration which can be used at the time of need at the discretion of the contract buyer or […]
§ 10-15-116. Surrender of License
A contract seller may surrender a license by: Filing written notice with the commissioner; Submitting a list of all outstanding preneed contracts, including the name of the contract buyer, the method of funding for the preneed contract, the preneed contract price, the amount of funds received, and the amount of funds held in trust; Paying […]
§ 10-15-103. License Procedure – Records – Examination of Records – Definition
A contract seller shall not enter into a preneed contract or accept any funds or other consideration without a license from the commissioner. To be valid, an application for an initial license must be in writing, signed by the applicant, and duly verified on forms furnished by the commissioner. Each application must be accompanied by […]
§ 10-15-103.5. Scope of Article – Exemptions
This article does not apply to a person providing a developed final resting place within a designated cemetery approved for the interment, entombment, or inurnment of human remains. A person providing an undeveloped final resting place is exempt from this article if the cemetery where the undeveloped final resting place is located contains unsold developed […]