Every person for whom insurance is placed with a nonadmitted insurer pursuant to or in violation of this article, upon the commissioner’s order, shall produce for the commissioner’s examination all policies and other documents evidencing the insurance and shall disclose to the commissioner the amount of the gross premiums paid or agreed to be paid […]
The commissioner may make and publish reasonable rules and regulations consistent with this article in respect to the transactions governed thereby and for the basis for his determination under this article. Source: L. 49: p. 472, § 16. CSA: C. 87, § 333. CRS 53: § 72-14-16. C.R.S. 1963: § 72-13-16. Cross references: For rule-making […]
The notice provisions in sections 10-4-109.7, 10-4-110, 10-4-110.5, and 10-4-110.7 shall not be applicable to insurance companies authorized pursuant to this article to write surplus lines insurance in Colorado. Source: L. 87: Entire section added, p. 434, § 9, effective May 1.
In the event that a contract procured or placed by a Colorado surplus line broker is on a claims-made or other nonoccurrence policy form, the broker or the nonadmitted insurer shall stamp on the face of the policy a clear disclosure, as prescribed by the commissioner, which shall be in predominate type. The disclosure requirement […]
