As used in this article 11, unless the context otherwise requires:
(1.3) "Affiliated business arrangement" means an arrangement in which:
(1.5) "Alien title insurance company" means a title insurance company incorporated or organized under the laws of a foreign nation, or of any province or territory thereof, not included under the definition of a foreign title insurance company.
(2.5) "Associate" means a person who has one or more of the following relationships with a person in a position to refer settlement service business:
(3.5) "Closing and settlement services" means providing services for the benefit of all necessary parties in connection with the sale, leasing, encumbering, mortgaging, creating a secured interest in and to real property, and the receipt and disbursement of money in connection with any sale, lease, encumbrance, mortgage, or deed of trust.
(3.6) "Commission" means the title insurance commission established in part 2 of this article.
(3.7) "Gap coverage" means insuring, guaranteeing, or indemnifying owners of real property, or others interested therein, against loss or damage suffered by reason of matters appearing of record in the office of the clerk and recorder subsequent to the date of issuance of a title insurance commitment and prior to the recording of closing documents for the real property concerned.
(3.9) "Net admitted assets" means the title insurance company's net admitted assets as reported pursuant to section 10-3-208.
(6.7) "Settlement service" means any service provided in connection with a real estate settlement. "Settlement services" include, but are not limited to, the following:
(8.5) "Title insurance agency" means a corporation, partnership, foreign entity, or domestic entity as those terms are defined in section 7-90-102, or association or other legal entity that transacts the business of title insurance.
Source: L. 69: p. 520, § 1. C.R.S. 1963: § 72-26-2. L. 87: (3) amended and (3.5) and (3.7) added, p. 446, § 1, effective April 30. L. 2006: (1) amended and (1.5), (2.5), (6.5), and (6.7) added, p. 264, § 1, effective July 1. L. 2015: (1.3), (3.6), and (3.9) added, (SB 15-210), ch. 292, p.1190, § 1, effective August 5. L. 2018: IP amended and (8.5) and (11) added, (SB 18-125), ch. 73, p. 640, § 1, effective March 29.
Structure Colorado Code
§ 10-11-103. Compliance With Article Required
§ 10-11-104. Corporate Form Required
§ 10-11-105. Financial Requirements Prior to This Article
§ 10-11-106. Determination of Insurability Required
§ 10-11-109. Unearned Premium Reserve
§ 10-11-110. Amount of Unearned Premium Reserve - Release
§ 10-11-111. Reserve for Unpaid Losses and Loss Expense
§ 10-11-112. Net Retained Liability
§ 10-11-113. Power to Reinsure
§ 10-11-114. Legal Investments and Admitted Assets
§ 10-11-115. Prior Investments
§ 10-11-116. Title Insurance Agents Licensed
§ 10-11-117. Title Insurance Agents - Certain Names Prohibited
§ 10-11-118. Title Insurance - Rules
§ 10-11-120. Corporate Existence Preserved
§ 10-11-121. Application of Article - Other Laws Applicable
§ 10-11-122. Title Commitments - Rules
§ 10-11-123. Notification of Severed Mineral Estates
§ 10-11-125. Fees, Salaries, Compensation, or Other Payments
§ 10-11-126. Affiliated Business Arrangements - Enforcement - Penalties