§ 10-23-105. Qualification Bond – Forfeiture
Each cash-bonding agent shall post a cash qualification bond of fifty thousand dollars with the division. The bond must be to the people of the state of Colorado in favor of any court in this state, whether municipal, county, district, or other court, and to the division for the purposes of this section. In the […]
§ 10-23-106. Discipline – Hearing – Civil Penalty
The division may deny, suspend, revoke, or refuse to renew a registration, or issue a cease-and-desist order in accordance with this section, upon reasonable grounds that the registrant: Failed to post a qualified bond in the required amount with the division while engaged in business or, if the bond was posted, it was forfeited or […]
§ 10-23-107. Unlicensed Practice – Penalties
[ Editor’s note: This version of this section is effective until March 1, 2022. ] A person who acts or attempts to act as a professional cash-bail agent or cash-bonding agent and who is not registered as such under this article is guilty of a misdemeanor and, upon conviction thereof, shall be punished by a […]
§ 10-23-108. Bail Bond Documents – Requirements – Rules
The professional cash-bail agent or cash-bonding agent who posts a bail bond with the court on behalf of a defendant shall ensure that the following documents comply with the following provisions: An indemnity agreement must: Be in writing; Be signed by the professional cash-bail agent or cash-bonding agent; Be signed by the defendant or indemnitor; […]
§ 10-23-109. Business Practices – Price Limits – Collateral
A professional cash-bail agent or cash-bonding agent shall not charge a premium or commission of more than the greater of fifty dollars or fifteen percent of the amount of bail furnished. A professional cash-bail agent or cash-bonding agent shall not assess fees for any bail bond posted by the agent with the court unless the […]
§ 10-20-114. Miscellaneous Provisions
Nothing in this article reduces the liability for unpaid assessments of the insureds of an impaired or insolvent insurer operating under a plan with assessment liability. The association must keep records of all meetings of the board of directors to discuss the activities of the association in carrying out its powers and duties pursuant to […]
§ 10-22-110. Tax Credit for Contributions to the Exchange – Allocation Notice – Rules
For the tax year 2013 and each tax year thereafter, a credit against the tax imposed by sections 10-3-209 and 10-6-128 is allowed to any insurance company that becomes a qualified taxpayer by making a contribution to the exchange pursuant to this section. A qualified taxpayer claiming a credit against premium tax liability under this […]
§ 10-20-115. Examination of the Association – Annual Report
The association shall be subject to examination and regulation by the commissioner. The board shall submit to the commissioner each year, not later than one hundred twenty days after the close of the fiscal year of the association, a financial report in a form approved by the commissioner, and a report of the activities of […]
§ 10-22-111. Tax Exemption
The exchange is exempt from any tax levied by this state or any of its political subdivisions. Source: L. 2013: Entire section added, (HB 13-1245), ch. 258, p. 1364, § 5, effective May 23.
§ 10-20-116. Tax Exemptions
The association shall be exempt from payment of all fees and all taxes levied by this state or any of its subdivisions, except taxes levied on real and personal property. Source: L. 91: Entire article added, p. 1280, § 1, effective July 1.