reglab/housing_qa huggingface dataset:
CO Code § 10-10-107 (2021)
2021 Colorado Code|Title 10 - Insurance|Article 10 - Credit Insurance|§ 10-10-107. Term of Credit Insurance

 The term of any credit insurance shall, subject to acceptance by the insurer, commence on the date when the debtor becomes obligated to the creditor; except that, where a group policy provides coverage with respect to existing obligations, the insurance on a debtor with respect to such indebtedness shall commence on the effective date of the policy. Where evidence of insurability is required and such evidence is furnished more than thirty days after the date when the debtor becomes obligated to the creditor, the term of the insurance may commence on the date on which the insurance company determines the evidence to be satisfactory, and in such event there shall be an appropriate refund or adjustment of any charge to the debtor for insurance. The term of such insurance shall not extend more than thirty days beyond the scheduled maturity date of the indebtedness except when extended without additional cost to the debtor, unless the debtor has agreed in writing. If the indebtedness is discharged due to renewal or refinancing prior to the scheduled maturity date, the insurance in force shall be terminated before any new insurance is issued in connection with the renewed or refinanced indebtedness. In all cases of termination prior to scheduled maturity, a refund shall be paid or credited as provided in section 10-10-110 .   History. Source: L. 69: P. 537, § 7. C.R.S. 1963: § 72-28-7. L. 83: (1)(b) amended, p. 512, § 1, effective May 16. L. 92: Entire section amended, p. 1570, § 87, effective May 20. History. Source: L. 69: P. 537, § 7. C.R.S. 1963: § 72-28-7. L. 83: (1)(b) amended, p. 512, § 1, effective May 16. L. 92: Entire section amended, p. 1570, § 87, effective May 20.
CO Code § 10-10-110 (2021)
2021 Colorado Code|Title 10 - Insurance|Article 10 - Credit Insurance|§ 10-10-110. Premiums and Refunds

     If an insurer has elected to file pursuant to section 10-10-109 (2.5)(b), the insurer may revise its schedules of premium rates from time to time and shall file such revised schedules with the commissioner. No insurer shall issue any credit insurance policy for which the premium rate exceeds that determined by the schedules of such insurer as then on file with the commissioner.    If an insurer has elected to file pursuant to section 10-10-109 (2.5)(c), the insurer may file with the commissioner and use any premium rate or schedule of premium rates that is less than or equal to the premium rate established by the commissioner. Insurers shall not use premium rates higher than the premium rates established by the commissioner.         Upon prepayment in full of the indebtedness, all credit insurance issued on such indebtedness shall terminate.    An insurer, upon receiving notice pursuant to section 5-4-108 (2), C.R.S., that a refund or credit of unearned premiums on insurance issued under this article is required by section 5-4-108 (1), C.R.S., shall make the appropriate refund or credit to the person entitled thereto within thirty days of receipt of such notice. The formula to be used in computing the refund or credit shall be filed with and approved by the commissioner. No refund of less than one dollar need be made.       If a creditor requires a debtor to make any payment for credit insurance and an individual policy or group certificate of insurance is not issued, the creditor shall immediately give written notice to such debtor and shall promptly make an appropriate credit to the account.    The amount charged to a debtor for any credit insurance shall not exceed the premiums charged by the insurer, as computed at the time the charge to the debtor is determined.    Nothing in this article shall be construed to authorize any payments for insurance now prohibited under any statute, or rule thereunder, governing credit transactions.      History. Source: L. 69: P. 540, § 10. C.R.S. 1963: § 72-28-10. L. 88: (2) R&RE, p. 340, § 2, effective July 1. L. 92: (1), (3), and (4) amended, p. 1572, § 90, effective May 20. L. 2001: (1) amended, p. 894, § 4, effective July 1, 2002. History. Source: L. 69: P. 540, § 10. C.R.S. 1963: § 72-28-10. L. 88: (2) R&RE, p. 340, § 2, effective July 1. L. 92: (1), (3), and (4) amended, p. 1572, § 90, effective May 20. L. 2001: (1) amended, p. 894, § 4, effective July 1, 2002.
CO Code § 10-10-111 (2021)
2021 Colorado Code|Title 10 - Insurance|Article 10 - Credit Insurance|§ 10-10-111. Issuance of Policies

 All policies of credit insurance shall be delivered or issued for delivery in this state only by an insurer authorized to do an insurance business therein and shall be issued only through holders of licenses or authorizations issued by the commissioner.   History. Source: L. 69: P. 540, § 11. C.R.S. 1963: § 72-28-11. L. 92: Entire section amended, p. 1572, § 91, effective May 20. History. Source: L. 69: P. 540, § 11. C.R.S. 1963: § 72-28-11. L. 92: Entire section amended, p. 1572, § 91, effective May 20.
CO Code § 10-10-112 (2021)
2021 Colorado Code|Title 10 - Insurance|Article 10 - Credit Insurance|§ 10-10-112. Claims

  All claims shall be promptly reported to the insurer or its designated claim representative, and the insurer shall maintain adequate claim files. All claims shall be settled as soon as possible and in accordance with the terms of the insurance contract.    All claims shall be paid either by draft drawn upon the insurer or by check of the insurer to the order of the claimant to whom payment of the claim is due pursuant to the policy provisions or upon direction of such claimant to one specified.    No plan or arrangement shall be used whereby any person, firm, or corporation, other than the insurer or its designated claim representative, is authorized to settle or adjust claims. The creditor shall not be designated as claim representative for the insurer in adjusting claims, but a group policyholder may, by arrangement with the group insurer, draw drafts or checks in payment of claims due to the group policyholder subject to audit and review by the insurer.     History. Source: L. 69: P. 540, § 12. C.R.S. 1963: § 72-28-12. History. Source: L. 69: P. 540, § 12. C.R.S. 1963: § 72-28-12.
CO Code § 10-10-113 (2021)
2021 Colorado Code|Title 10 - Insurance|Article 10 - Credit Insurance|§ 10-10-113. Existing Insurance - Choice of Insurer

 When credit insurance is required as additional security for any indebtedness, the debtor shall, upon request to the creditor, have the option of furnishing the required amount of insurance through existing policies of insurance owned or controlled by him or of procuring and furnishing the required coverage through any insurer authorized to transact an insurance business within this state.   History. Source: L. 69: P. 541, § 13. C.R.S. 1963: § 72-28-13. L. 92: Entire section amended, p. 1572, § 92, effective May 20. History. Source: L. 69: P. 541, § 13. C.R.S. 1963: § 72-28-13. L. 92: Entire section amended, p. 1572, § 92, effective May 20.
CO Code § 10-10-114 (2021)
2021 Colorado Code|Title 10 - Insurance|Article 10 - Credit Insurance|§ 10-10-114. Enforcement

 The commissioner may, after notice and hearing, issue such rules and regulations as he deems appropriate for the supervision of this article. If the commissioner finds that there has been a violation of this article or any rules or regulations issued pursuant thereto, and after written notice thereof and hearing given to the insurer or other person authorized or licensed by the commissioner, he shall set forth the details of his findings, together with an order for compliance by a specified date. Such order is binding on the insurer or other person authorized or licensed by the commissioner on the date specified, unless sooner withdrawn by the commissioner or a stay thereof has been ordered by a court of competent jurisdiction.   History. Source: L. 69: P. 541, § 14. C.R.S. 1963: § 72-28-14. History. Source: L. 69: P. 541, § 14. C.R.S. 1963: § 72-28-14.
CO Code § 10-10-115 (2021)
2021 Colorado Code|Title 10 - Insurance|Article 10 - Credit Insurance|§ 10-10-115. Judicial Review

 Any party to the proceeding affected by an order of the commissioner shall be entitled to judicial review by the court of appeals by following the procedure set forth in section 24-4-106 (11) , C.R.S.   History. Source: L. 69: P. 541, § 15. C.R.S. 1963: § 72-28-15. L. 92: Entire section amended, p. 1572, § 93, effective May 20. History. Source: L. 69: P. 541, § 15. C.R.S. 1963: § 72-28-15. L. 92: Entire section amended, p. 1572, § 93, effective May 20.
CO Code § 10-10-116 (2021)
2021 Colorado Code|Title 10 - Insurance|Article 10 - Credit Insurance|§ 10-10-116. Penalties

 In addition to any other penalty provided by law, any person, firm, or corporation which violates an order of the commissioner after it has become final, and while such order is in effect, shall, upon proof thereof to the satisfaction of the court, forfeit and pay to the division of insurance a sum not to exceed two hundred fifty dollars which may be recovered in a civil action; except that, if such violation is found to be willful, the amount of such penalty shall be a sum not to exceed one thousand dollars. The commissioner, in his discretion, may revoke or suspend the insurance license or certificate of authority of the person, firm, or corporation guilty of such violation. Such order for suspension or revocation shall be upon notice and hearing and shall be subject to judicial review as provided in section 10-10-115 .   History. Source: L. 69: P. 541, § 16. C.R.S. 1963: § 72-28-16. History. Source: L. 69: P. 541, § 16. C.R.S. 1963: § 72-28-16.
CO Code § 10-10-117 (2021)
2021 Colorado Code|Title 10 - Insurance|Article 10 - Credit Insurance|§ 10-10-117. Insurance Expense Not Computed as Cost of Loan

 In connection with insurance which is permitted under this article, the premium and any gain or advantage to the creditor, or to any employee, affiliate, or associate of the creditor, from such insurance or its sale shall not be deemed to be an additional or further interest, discount, or charge, and the creditor may receive commissions on the premium paid for such insurance if the creditor or an employee of the creditor is a duly licensed insurance broker or agent under the insurance laws of the state of Colorado.   History. Source: L. 69: P. 541, § 17. C.R.S. 1963: § 72-28-17. History. Source: L. 69: P. 541, § 17. C.R.S. 1963: § 72-28-17.    Cross references:   Agents and brokers referenced in this section are referred to as insurance producers, pursuant to part 4 of article 2 of this title 10. (See chapter 257, Session Laws of Colorado 1993.)
CO Code § 10-10-118 (2021)
2021 Colorado Code|Title 10 - Insurance|Article 10 - Credit Insurance|§ 10-10-118. Charge Accounts

 Nothing in this article shall be construed to permit credit insurance to be required by any creditor for revolving charge accounts or any other charge accounts for the purchase of goods or services.   History. Source: L. 69: P. 541, § 18. C.R.S. 1963: § 72-28-18. L. 92: Entire section amended, p. 1572, § 94, effective May 20. History. Source: L. 69: P. 541, § 18. C.R.S. 1963: § 72-28-18. L. 92: Entire section amended, p. 1572, § 94, effective May 20.
CO Code § 10-10-119 (2021)
2021 Colorado Code|Title 10 - Insurance|Article 10 - Credit Insurance|§ 10-10-119. Truncated Coverage

  If the debtor elects truncated coverage, at the time of election the creditor shall inform the debtor in writing of the term of the insurance coverage and that the coverage will terminate prior to the scheduled maturity date of the indebtedness.    A group certificate or individual policy providing truncated credit insurance coverage shall disclose the term of the truncated insurance coverage and specify that the term of insurance coverage will terminate prior to the scheduled maturity date of the indebtedness. The termination disclosure shall appear in prominent type on the first page of the group certificate or individual policy.     History. Source: L. 2000: Entire section added, p. 151, § 2, effective August 2.
CO Code § 10-13-101 (2021)
2021 Colorado Code|Title 10 - Insurance|Article 13 - Interinsurance|§ 10-13-101. Interinsurance Contracts

 Individuals, partnerships, and corporations of this state, referred to in this article as “subscribers”, are authorized to exchange reciprocal or interinsurance contracts with each other, or with individuals, partnerships, and corporations of other states and countries, providing indemnity among themselves from any loss which may be insured against under other provisions of the law, excepting life insurance, if such subscribers, through their attorneys, attorneys-in-fact, agents, or other representatives, deposit and maintain on deposit with the commissioner moneys or securities of the value of fifty thousand dollars as security for the performance of all such contracts issued in this state or in any other state or country by such subscribers and as security for any act or omission by an attorney-in-fact required to be bonded for or secured against under any attorney-in-fact bond required by the laws of any state in which the reciprocal or interinsurance exchange does business. Such securities shall be such as are required for lawful investments of capital and reserve of domestic insurance companies by the provisions of sections 10-3-215 to 10-3-230 . In lieu of such deposit or part thereof, the commissioner may accept a certificate of the public official having supervision over insurers in any other state to the effect that a like deposit by such insurer or a like part thereof in an equal or a greater amount is held in public custody in such state. The offices through which such indemnity is exchanged shall be classified as reciprocal or interinsurance exchanges.   History. Source: L. 13: P. 373, § 81. C.L. § 2554. CSA: C. 87, § 98. L. 47: P. 589, § 1. CRS 53: § 72-4-1. C.R.S. 1963: § 72-4-1. L. 73: P. 845, § 1. History. Source: L. 13: P. 373, § 81. C.L. § 2554. CSA: C. 87, § 98. L. 47: P. 589, § 1. CRS 53: § 72-4-1. C.R.S. 1963: § 72-4-1. L. 73: P. 845, § 1.    ANNOTATION   Applied in Benham v. Pryke, 636 P.2d 1339 (Colo. App. 1981).
CO Code § 10-13-102 (2021)
2021 Colorado Code|Title 10 - Insurance|Article 13 - Interinsurance|§ 10-13-102. Licensing of Solicitors

 Such contracts may be executed by an attorney, attorney-in-fact, agent, or other representative, referred to in this article as an “attorney”, duly authorized and acting for such subscribers. Each attorney or exchange doing business in this state shall be required to license each solicitor, agent, special agent, special representative, or salaried representative soliciting business in this state. Such representative need not be a resident of this state, nor will such representative be required to countersign policies issued. The application for such license shall be made by the employer, and the commissioner shall issue to such individual requested in the application the required license upon payment of the usual agent's license fee if the individual is found by the commissioner to be qualified therefor.   History. Source: L. 13: P. 373, § 81. C.L. § 2554. CSA: C. 87, § 98. L. 47: P. 590, § 2. CRS 53: § 72-4-2. C.R.S. 1963: § 72-4-2. History. Source: L. 13: P. 373, § 81. C.L. § 2554. CSA: C. 87, § 98. L. 47: P. 590, § 2. CRS 53: § 72-4-2. C.R.S. 1963: § 72-4-2.    Cross references:   For fees for licensing agents, see § 10-3-207 .
CO Code § 10-13-103 (2021)
2021 Colorado Code|Title 10 - Insurance|Article 13 - Interinsurance|§ 10-13-103. Declaration of Subscribers

  Such subscribers so contracting among themselves shall through their attorney file with the commissioner of this state a declaration verified by the oath of such attorney setting forth:   The name or title of the office at which such subscribers propose to exchange such indemnity contracts. Such name or title shall not be so similar to any other name or title previously adopted by a similar organization or by any insurance corporation or association as in the opinion of the commissioner is calculated to result in confusion or deception.    The kind of insurance to be effected or exchanged;    A copy of the form of policy contract or agreement under or by which such insurance is to be effected or exchanged;    A copy of the form of power of attorney or other authority of such attorney under which such insurance is to be effected or exchanged, which shall show the allowance for expense;    The location of the office from which such contracts or agreements are to be issued;    That applications have been made for indemnity upon at least one hundred separate risks aggregating not less than one and one-half million dollars, as represented by executed contracts or bona fide applications to become concurrently effective, or, in case of liability or compensation insurance, covering a total payroll of not less than one and one-half million dollars;    A financial statement in such form as the commissioner may require;    Such other information as the commissioner may deem necessary for the protection of the public.        History. Source: L. 13: P. 373, § 81. L. 15: P. 273, § 1. C.L. § 2554. CSA: C. 87, § 98. CRS 53: § 72-4-3. C.R.S. 1963: § 72-4-3. History. Source: L. 13: P. 373, § 81. L. 15: P. 273, § 1. C.L. § 2554. CSA: C. 87, § 98. CRS 53: § 72-4-3. C.R.S. 1963: § 72-4-3.
CO Code § 10-13-104 (2021)
2021 Colorado Code|Title 10 - Insurance|Article 13 - Interinsurance|§ 10-13-104. Venue of Actions - Service of Process

 Concurrently with the filing of the declaration provided for by the terms of section 10-13-103 , the attorney shall file with the commissioner an instrument in writing executed by him for said subscribers, conditioned that, upon the issuance of the certificate of authority provided for in section 10-13-111 , action may be brought in the county in which the property insured thereunder is situated, and service of process may be had upon the commissioner or deputy commissioner in all suits in this state arising out of such policies, contracts, or agreements, which service shall be valid and binding upon all subscribers exchanging at any time reciprocal or interinsurance contracts through such attorney. Three copies of such process shall be served, and the commissioner shall file one copy, forward one copy to said attorney, and return one copy with his admission of service.   History. Source: L. 13: P. 373, § 81. C.L. § 2554. CSA: C. 87, § 98. CRS 53: § 72-4-4. C.R.S. 1963: § 72-4-4. L. 73: P. 847, § 2. L. 86: Entire section amended, p. 556, § 8, effective July 1. L. 89: Entire section amended, p. 438, § 10, effective July 1. L. 92: Entire section amended, p. 1574, § 99, effective July 1. History. Source: L. 13: P. 373, § 81. C.L. § 2554. CSA: C. 87, § 98. CRS 53: § 72-4-4. C.R.S. 1963: § 72-4-4. L. 73: P. 847, § 2. L. 86: Entire section amended, p. 556, § 8, effective July 1. L. 89: Entire section amended, p. 438, § 10, effective July 1. L. 92: Entire section amended, p. 1574, § 99, effective July 1.
CO Code § 10-13-105 (2021)
2021 Colorado Code|Title 10 - Insurance|Article 13 - Interinsurance|§ 10-13-105. Maximum Indemnity on Single Risk

 There shall be filed with the commissioner by such attorney a statement under oath showing the maximum amount of indemnity upon any single risk, and such attorney, as often as the same is required, shall file with the commissioner a statement verified by his oath to the effect that he has examined the commercial rating of such subscribers as shown by the reference book of a commercial agency having at least one hundred thousand subscribers and that from such examination or from other information in his possession it appears that no subscriber has assumed on any single risk an amount greater than ten percent of the net worth of such subscriber.   History. Source: L. 13: P. 373, § 81. C.L. § 2554. CSA: C. 87, § 98. CRS 53: § 72-4-5. C.R.S. 1963: § 72-4-5. History. Source: L. 13: P. 373, § 81. C.L. § 2554. CSA: C. 87, § 98. CRS 53: § 72-4-5. C.R.S. 1963: § 72-4-5.
CO Code § 10-13-106 (2021)
2021 Colorado Code|Title 10 - Insurance|Article 13 - Interinsurance|§ 10-13-106. Certificate of Authority Issued

  Upon the filing of the required papers, it is the duty of the commissioner to examine and pass upon the same and, if found in accordance with this title, to issue a certificate of authority which shall expire on April 1 next succeeding.    To qualify for authority to transact insurance business in this state after July 1, 1971, every interinsurance exchange or reciprocal exchange shall possess and maintain an unencumbered surplus in an amount of not less than three hundred thousand dollars. Any interinsurance exchange or reciprocal exchange currently authorized to transact insurance business in this state need not meet such surplus requirements until five years after July 1, 1971; except that the surplus of any such interinsurance exchange or reciprocal exchange shall be increased annually at the rate of twenty percent of the difference between its surplus as of December 31, 1970, and three hundred thousand dollars. Upon written request and for good reason shown, the commissioner may waive the requirement for any one annual surplus increase, with the provision that said surplus increase will be accomplished in full within the next year, together with the surplus increase scheduled for that year.     History. Source: L. 13: P. 373, § 81. C.L. § 2554. CSA: C. 87, § 98. CRS 53: § 72-4-6. C.R.S. 1963: § 72-4-6. L. 71: P. 719, § 1. L. 2001: (1) amended, p. 1267, § 6, effective June 5. History. Source: L. 13: P. 373, § 81. C.L. § 2554. CSA: C. 87, § 98. CRS 53: § 72-4-6. C.R.S. 1963: § 72-4-6. L. 71: P. 719, § 1. L. 2001: (1) amended, p. 1267, § 6, effective June 5.    ANNOTATION   Under this section the competency of insurers is passed upon, and determined, by the insurance commissioner. Consolidated Underwriters v. Indus. Comm'n, 117 Colo. 239 , 185 P.2d 1013 (1947).   Insurance commissioner has discretion under subsection (1) to issue a new annual certificate of authority to an interinsurance exchange which fails to meet the unencumbered surplus requirement for original certification when he is acting under his regulatory authority to rehabilitate the interinsurance exchange in the same manner as any other insurance company in §§ 10-3-401 to 10-3-414 . Alias Smith & Jones v. Barnes, 695 P.2d 302 (Colo. App. 1984).
CO Code § 10-13-107 (2021)
2021 Colorado Code|Title 10 - Insurance|Article 13 - Interinsurance|§ 10-13-107. Reserve Required

 There shall be maintained at all times an unearned premium reserve computed on a monthly or more frequent pro rata basis. The computation of this reserve shall be based upon premium deposits other than membership fees and without any deduction for expenses and the compensation of an attorney.   History. Source: L. 13: P. 373, § 81. C.L. § 2554. CSA: C. 87, § 98. CRS 53: § 72-4-7. C.R.S. 1963: § 72-4-7. L. 71: P. 720, § 2. L. 75: Entire section R&RE, p. 369, § 1, effective July 1. History. Source: L. 13: P. 373, § 81. C.L. § 2554. CSA: C. 87, § 98. CRS 53: § 72-4-7. C.R.S. 1963: § 72-4-7. L. 71: P. 720, § 2. L. 75: Entire section R&RE, p. 369, § 1, effective July 1.