reglab/housing_qa huggingface dataset:
CO Code § 10-3-1203 (2021)
2021 Colorado Code|Title 10 - Insurance|Article 3 - Regulation of Insurance Companies|Part 12 - Systems for Holding and Transferring Securities|§ 10-3-1203. Book-Entry System

  Notwithstanding any provision of law, a domestic insurance company may deposit or arrange for the deposit of securities held in or purchased for its general account and its separate accounts in a clearing corporation or the federal reserve book-entry system. When securities are deposited with a clearing corporation, certificates representing securities of the same class of the same issuer may be merged and held in bulk in the name of the nominee of such clearing corporation with any other securities deposited with such clearing corporation by any person, regardless of the ownership of such securities, and certificates representing securities of small denominations may be merged into one or more certificates of larger denominations. The records of any member bank through which an insurance company holds securities in the federal reserve book-entry system and the records of any custodian banks through which an insurance company holds securities in a clearing corporation shall, at all times, show that such securities are held for such insurance company and for which accounts thereof. Ownership of, and other interests in, such securities may be transferred by bookkeeping entry on the books of such clearing corporation or in the federal reserve book-entry system without, in either case, physical delivery of certificates representing such securities.    The commissioner is authorized to promulgate rules and regulations governing the deposit by insurance companies of securities with clearing corporations and in the federal reserve book-entry system.     History. Source: L. 83: Entire part added, p. 452, § 2, effective May 3.
CO Code § 10-3-1301 (2021)
2021 Colorado Code|Title 10 - Insurance|Article 3 - Regulation of Insurance Companies|Part 13 - Model Quality Replacement Parts Act|§ 10-3-1301. Short Title

 This part 13 shall be known and may be cited as the “Model Quality Replacement Parts Act”.   History. Source: L. 89: Entire part added, p. 450, § 1, effective July 1.
CO Code § 10-3-1302 (2021)
2021 Colorado Code|Title 10 - Insurance|Article 3 - Regulation of Insurance Companies|Part 13 - Model Quality Replacement Parts Act|§ 10-3-1302. Legislative Declaration

 The general assembly declares that the purpose of this article is to recognize the use of replacement automobile crash parts by requiring disclosure when any use is proposed of a nonoriginal equipment replacement crash part, and by requiring that the manufacturer of any such replacement crash part be adequately identified.   History. Source: L. 89: Entire part added, p. 450, § 1, effective July 1.
CO Code § 10-3-1303 (2021)
2021 Colorado Code|Title 10 - Insurance|Article 3 - Regulation of Insurance Companies|Part 13 - Model Quality Replacement Parts Act|§ 10-3-1303. Definitions

 As used in this part 13, unless the context otherwise requires:    “Insurer” means every person engaged as principal, indemnitor, surety, or contractor in the business of making contracts of insurance, and any person authorized to represent an insurer with respect to a claim.    “Nonoriginal equipment replacement crash part” means a replacement crash part which is not supplied by the manufacturer of the motor vehicle on which the part is used.    “Replacement crash part” means a replacement for any of the nonmechanical sheet metal or plastic parts which generally constitute the exterior of a motor vehicle, including inner and outer panels.     History. Source: L. 89: Entire part added, p. 450, § 1, effective July 1.
CO Code § 10-3-1304 (2021)
2021 Colorado Code|Title 10 - Insurance|Article 3 - Regulation of Insurance Companies|Part 13 - Model Quality Replacement Parts Act|§ 10-3-1304. Identification of Parts

 Any nonoriginal equipment replacement crash part supplied for use in this state shall have the name or trademark of the manufacturer affixed to or inscribed on it. Such name or trademark shall be placed so as to be visible after installation of the part whenever practicable.   History. Source: L. 89: Entire part added, p. 451, § 1, effective July 1.
CO Code § 10-3-1305 (2021)
2021 Colorado Code|Title 10 - Insurance|Article 3 - Regulation of Insurance Companies|Part 13 - Model Quality Replacement Parts Act|§ 10-3-1305. Disclosure

 No insurer shall specify the use of nonoriginal equipment replacement crash parts in the repair of an insured's motor vehicle without disclosing the intended use of such parts to the insured. In all instances where nonoriginal equipment replacement crash parts are intended for use by an insurer, the written estimate shall clearly identify each such part as being a nonoriginal equipment replacement crash part, and a disclosure document containing the following information in ten-point type or larger type shall appear on or be attached to the insured's copy of the estimate: “This estimate has been prepared based on the use of one or more crash parts supplied by a source other than the manufacturer of your motor vehicle. Warranties, if any, applicable to these replacement crash parts are provided by the parts manufacturer or distributor rather than by the manufacturer of your vehicle.”   History. Source: L. 89: Entire part added, p. 451, § 1, effective July 1.
CO Code § 10-3-1306 (2021)
2021 Colorado Code|Title 10 - Insurance|Article 3 - Regulation of Insurance Companies|Part 13 - Model Quality Replacement Parts Act|§ 10-3-1306. Unfair and Deceptive Acts

 A violation of or noncompliance with any provision of this part 13 shall be an unfair method of competition and unfair or deceptive act or practice in the business of insurance subject to the provisions of part 11 of this article.   History. Source: L. 89: Entire part added, p. 451, § 1, effective July 1.
CO Code § 10-3-1307 (2021)
2021 Colorado Code|Title 10 - Insurance|Article 3 - Regulation of Insurance Companies|Part 13 - Model Quality Replacement Parts Act|§ 10-3-1307. Liability

 Nothing in this part 13 shall affect either rights, defenses, or liabilities of parties otherwise available at law regarding damages or injuries arising from the use of replacement crash parts.   History. Source: L. 89: Entire part added, p. 451, § 1, effective July 1.
CO Code § 10-3-1401 (2021)
2021 Colorado Code|Title 10 - Insurance|Article 3 - Regulation of Insurance Companies|Part 14 - Model Risk Retention Act|§ 10-3-1401. Short Title

 This part 14 shall be known and may be cited as the “Model Risk Retention Act”.   History. Source: L. 91: Entire part added, p. 1248, § 10, effective July 1.
CO Code § 10-3-1402 (2021)
2021 Colorado Code|Title 10 - Insurance|Article 3 - Regulation of Insurance Companies|Part 14 - Model Risk Retention Act|§ 10-3-1402. Purpose

 The purpose of this part 14 is to authorize the commissioner to regulate the formation or operation, or both, of risk retention groups and purchasing groups in this state formed pursuant to the provisions of the federal “Liability Risk Retention Act of 1986”, to the extent permitted by such federal law.   History. Source: L. 91: Entire part added, p. 1248, § 10, effective July 1.    Cross references:   For the federal “Liability Risk Retention Act of 1986”, see 15 U.S.C. § 3901 et seq.
CO Code § 10-3-1403 (2021)
2021 Colorado Code|Title 10 - Insurance|Article 3 - Regulation of Insurance Companies|Part 14 - Model Risk Retention Act|§ 10-3-1403. Authority of Commissioner

 The commissioner may establish, and from time to time amend, such regulations as are necessary to enable the commissioner to regulate risk retention groups and purchasing groups in this state to the extent permitted by the federal “Liability Risk Retention Act of 1986” and pursuant to the provisions of the laws of the state of Colorado.   History. Source: L. 91: Entire part added, p. 1248, § 10, effective July 1.    Cross references:   For the “Liability Risk Retention Act of 1986”, see 15 U.S.C. § 3901 et seq.
CO Code § 10-3-1501 (2021)
2021 Colorado Code|Title 10 - Insurance|Article 3 - Regulation of Insurance Companies|Part 15 - Own Risk and Solvency Assessment (Orsa)|§ 10-3-1501. Purpose and Scope - Applicability - Legislative Declaration

  The purpose of this part 15 is to provide the requirements for maintaining a risk management framework and completing an own risk and solvency assessment (ORSA) and provide guidance and instructions for filing an ORSA summary report with the commissioner.    The requirements of this part 15 apply to all insurers domiciled in this state unless exempt pursuant to section 10-3-1506.    The general assembly finds and declares that the ORSA summary report will contain confidential and sensitive information related to an insurer's or insurance group's identification of risks material and relevant to the insurer or insurance group filing the report. This information will include proprietary and trade secret information that has the potential for harm and competitive disadvantage to the insurer or insurance group if the information is made public. It is the intent of the general assembly that the ORSA summary report be a confidential document filed with the commissioner, be shared only as stated in this part 15 and to assist the commissioner in the performance of his or her duties, and not be subject to public disclosure.     History. Source: L. 2016: Entire part added,(SB 16-029), ch. 32, p. 73, § 2, effective March 18.
CO Code § 10-3-1502 (2021)
2021 Colorado Code|Title 10 - Insurance|Article 3 - Regulation of Insurance Companies|Part 15 - Own Risk and Solvency Assessment (Orsa)|§ 10-3-1502. Definitions

 As used in this part 15, unless the context otherwise requires:    “Insurance group” means, for the purpose of conducting an ORSA, those insurers and affiliates included within an insurance holding company system as defined in section 10-3-801 (5).    “Insurer” has the same meaning as set forth in section 10-3-801 (6) and includes any political subdivision of the state created pursuant to article 45 of title 8, C.R.S.    “NAIC” or “national association of insurance commissioners” means the organization of insurance regulators from the fifty states, the District of Columbia, and the four United States territories.    “ORSA guidance manual” means the current version of the Own Risk and Solvency Assessment Guidance Manual developed and adopted by the NAIC and as amended from time to time. A change in the ORSA guidance manual is effective on the January 1 following the calendar year in which the change is adopted by the NAIC.    “ORSA summary report” means a confidential, high-level summary of an insurer's or insurance group's ORSA.    “Own risk and solvency assessment” or “ORSA” means a confidential internal assessment, appropriate to the nature, scale, and complexity of an insurer or insurance group, conducted by that insurer or insurance group of the material and relevant risks associated with the insurer's or insurance group's current business plan and the sufficiency of capital resources to support those risks.     History. Source: L. 2016: Entire part added,(SB 16-029), ch. 32, p. 73, § 2, effective March 18.
CO Code § 10-3-1503 (2021)
2021 Colorado Code|Title 10 - Insurance|Article 3 - Regulation of Insurance Companies|Part 15 - Own Risk and Solvency Assessment (Orsa)|§ 10-3-1503. Risk Management Framework

 An insurer shall maintain a risk management framework to assist the insurer with identifying, assessing, monitoring, managing, and reporting on its material and relevant risks. This requirement may be satisfied if the insurance group of which the insurer is a member maintains a risk management framework applicable to the operations of the insurer.   History. Source: L. 2016: Entire part added,(SB 16-029), ch. 32, p. 74, § 2, effective March 18.
CO Code § 10-3-1504 (2021)
2021 Colorado Code|Title 10 - Insurance|Article 3 - Regulation of Insurance Companies|Part 15 - Own Risk and Solvency Assessment (Orsa)|§ 10-3-1504. Orsa Requirement

 Subject to section 10-3-1506 , an insurer, or the insurance group of which the insurer is a member, shall regularly conduct an ORSA consistent with a process comparable to the ORSA guidance manual. The ORSA must be conducted no less than annually but also at any time when there are significant changes to the risk profile of the insurer or the insurance group of which the insurer is a member.   History. Source: L. 2016: Entire part added,(SB 16-029), ch. 32, p. 74, § 2, effective March 18.
CO Code § 10-3-1505 (2021)
2021 Colorado Code|Title 10 - Insurance|Article 3 - Regulation of Insurance Companies|Part 15 - Own Risk and Solvency Assessment (Orsa)|§ 10-3-1505. Orsa Summary Report

  Upon the commissioner's request, and no more than once each year, an insurer shall submit to the commissioner an ORSA summary report or any combination of reports that together contain the information described in the ORSA guidance manual, applicable to the insurer or the insurance group of which it is a member or to both the insurer and insurance group. Notwithstanding any request from the commissioner, if the insurer is a member of an insurance group, the insurer shall submit the report required by this section if the commissioner is the lead state commissioner of the insurance group as determined by the procedures within the financial analysis handbook adopted by the NAIC.    The report shall include a signature of the insurer's or insurance group's chief risk officer or other executive having responsibility for the oversight of the insurer's enterprise risk management process, attesting to the best of his or her belief and knowledge that the insurer applies the enterprise risk management process described in the ORSA summary report and that a copy of the report has been provided to the insurer's board of directors or the appropriate committee of the board of directors.    An insurer may comply with subsection (1) of this section by providing the most recent and substantially similar report provided by the insurer or another member of an insurance group of which the insurer is a member to the commissioner of another state or to a supervisor or regulator of a foreign jurisdiction, if that report provides information that is comparable to the information described in the ORSA guidance manual. Any report in a language other than English must be accompanied by a translation of that report into the English language.     History. Source: L. 2016: Entire part added,(SB 16-029), ch. 32, p. 74, § 2, effective March 18.
CO Code § 10-3-1507 (2021)
2021 Colorado Code|Title 10 - Insurance|Article 3 - Regulation of Insurance Companies|Part 15 - Own Risk and Solvency Assessment (Orsa)|§ 10-3-1507. Contents of Orsa Summary Report

  The ORSA summary report must be prepared to be consistent with the ORSA guidance manual, subject to the requirements of subsection (2) of this section. Documentation and supporting information must be maintained and made available upon examination or upon request of the commissioner.    The review of the ORSA summary report and any additional requests for information must be made using similar procedures currently used in the analysis and examination of multistate or global insurers and insurance groups.     History. Source: L. 2016: Entire part added,(SB 16-029), ch. 32, p. 76, § 2, effective March 18.
CO Code § 10-3-1509 (2021)
2021 Colorado Code|Title 10 - Insurance|Article 3 - Regulation of Insurance Companies|Part 15 - Own Risk and Solvency Assessment (Orsa)|§ 10-3-1509. Sanctions

 Any insurer failing, without just cause, to timely file the ORSA summary report as required in this part 15 shall, after notice and hearing, pay a penalty of two hundred dollars for each day's delay. The maximum penalty under this section is twenty-five thousand dollars. The commissioner may reduce the penalty if the insurer demonstrates to the commissioner that the imposition of the penalty would constitute a financial hardship to the insurer.   History. Source: L. 2016: Entire part added,(SB 16-029), ch. 32, p. 78, § 2, effective March 18.
CO Code § 10-3-1510 (2021)
2021 Colorado Code|Title 10 - Insurance|Article 3 - Regulation of Insurance Companies|Part 15 - Own Risk and Solvency Assessment (Orsa)|§ 10-3-1510. Rules

 The commissioner may, upon notice and opportunity for all interested persons to be heard, issue rules and orders as are necessary to carry out this part 15.   History. Source: L. 2016: Entire part added,(SB 16-029), ch. 32, p. 78, § 2, effective March 18.
CO Code § 10-3-1511 (2021)
2021 Colorado Code|Title 10 - Insurance|Article 3 - Regulation of Insurance Companies|Part 15 - Own Risk and Solvency Assessment (Orsa)|§ 10-3-1511. Effective Date

 The requirements of this part 15 are effective beginning with calendar year 2017. The first required filing of the ORSA summary report is in 2017 as specified in section 10-3-1505 . An insurer that has maintained a risk management framework consistent with the requirements of this part 15 in calendar year 2016 may, but is not required to, file its ORSA summary report in 2016, and such report will be confidential as specified in section 10-3-1508 .   History. Source: L. 2016: Entire part added,(SB 16-029), ch. 32, p. 78, § 2, effective March 18.
CO Code § 10-3-1601 (2021)
2021 Colorado Code|Title 10 - Insurance|Article 3 - Regulation of Insurance Companies|Part 16 - Corporate Governance Annual Disclosures|§ 10-3-1601. Purpose and Scope - Applicability - Legislative Declaration

  The purpose of this part 16 is to:   Provide the commissioner a summary of each insurer's and insurance group's corporate governance structure, policies, and practices to permit the commissioner to gain and maintain an understanding of each insurer's and insurance group's corporate governance framework;    Outline the requirements for submitting a corporate governance annual disclosure to the commissioner; and    Provide for the confidential treatment of each insurer's and insurance group's corporate governance annual disclosure and related information, which may contain confidential and sensitive information related to the insurer's or insurance group's internal operations, including proprietary and trade secret information the public disclosure of which could potentially cause competitive harm or disadvantage to the insurer or insurance group.         Nothing in this part 16 may be construed to prescribe or impose corporate governance standards or internal procedures beyond those standards and procedures that are required under applicable Colorado corporate law.    Notwithstanding subsection (2)(a) of this section, nothing in this part 16 may be construed to limit the commissioner's authority or the rights or obligations of third parties under part 2 of article 1 of this title 10.       The requirements of this part 16 apply to all insurers domiciled in this state.      History. Source: L. 2019: Entire part added,(HB 19-1291), ch. 188, p. 2084, § 1, effective August 2.
CO Code § 10-3-1602 (2021)
2021 Colorado Code|Title 10 - Insurance|Article 3 - Regulation of Insurance Companies|Part 16 - Corporate Governance Annual Disclosures|§ 10-3-1602. Definitions

 As used in this part 16, unless the context otherwise requires:    “Corporate governance annual disclosure” or “CGAD” means a confidential report filed by an insurer or an insurance group in accordance with the requirements of this part 16.    “Insurance group” means those insurers and affiliates that are included within an insurance holding company system, as defined in section 10-3-801 (5).    “Insurer” has the meaning set forth in section 10-3-801 (6); except that “insurer” does not include an agency, authority, or instrumentality of the United States or its possessions and territories, the commonwealth of Puerto Rico, the District of Columbia, or a state or political subdivision of a state.    “NAIC” means the National Association of Insurance Commissioners.    “ORSA summary report” has the meaning set forth in section 10-3-1502 (5).     History. Source: L. 2019: Entire part added,(HB 19-1291), ch. 188, p. 2085, § 1, effective August 2.
CO Code § 10-3-1604 (2021)
2021 Colorado Code|Title 10 - Insurance|Article 3 - Regulation of Insurance Companies|Part 16 - Corporate Governance Annual Disclosures|§ 10-3-1604. Contents of Corporate Governance Annual Disclosure - Rules

  In responding to a request for CGAD-related information, an insurer or insurance group may exercise its discretion so long as its CGAD provides the commissioner sufficient information to understand the insurer's or insurance group's corporate governance structure, policies, and practices. The commissioner may request that an insurer or insurance group provide additional information for this purpose.    Notwithstanding subsection (1) of this section, each insurer and insurance group shall prepare each CGAD in compliance with this part 16 and with requirements established pursuant to rules promulgated by the commissioner pursuant to section 10-3-1608. Each insurer and insurance group that submits a CGAD shall maintain documentation and supporting information and make such documentation and supporting information available upon request of the commissioner.     History. Source: L. 2019: Entire part added,(HB 19-1291), ch. 188, p. 2086, § 1, effective August 2.
CO Code § 10-3-1607 (2021)
2021 Colorado Code|Title 10 - Insurance|Article 3 - Regulation of Insurance Companies|Part 16 - Corporate Governance Annual Disclosures|§ 10-3-1607. Sanctions

 Any insurer or insurance group that fails, without just cause, to timely file a CGAD as required in this part 16 shall pay, after notice and a hearing, a penalty of two hundred dollars for each day's delay. The maximum penalty under this section is twenty-five thousand dollars. The commissioner may reduce the penalty if the insurer or insurance group demonstrates to the commissioner that the imposition of the penalty would constitute a financial hardship to the insurer or insurance group.   History. Source: L. 2019: Entire part added,(HB 19-1291), ch. 188, p. 2089, § 1, effective August 2.
CO Code § 10-3-1608 (2021)
2021 Colorado Code|Title 10 - Insurance|Article 3 - Regulation of Insurance Companies|Part 16 - Corporate Governance Annual Disclosures|§ 10-3-1608. Rules

 The commissioner shall, upon notice and opportunity for all interested persons to be heard, issue rules and orders to carry out this part 16.   History. Source: L. 2019: Entire part added,(HB 19-1291), ch. 188, p. 2089, § 1, effective August 2.