For the purpose of establishing the liability of companies doing a surety business and of insurance companies other than life, the amount required to safely reinsure all outstanding risks shall be estimated by taking fifty percent of the gross annual premiums on all surety bonds, risks, and policies in force that have less than one year to run, and pro rata of all gross premiums on risks that have more than one year to run.
Source: L. 13: p. 350, § 42. C.L. § 2515. CSA: C. 87, § 56. CRS 53: § 72-3-2. C.R.S. 1963: § 72-3-2.
Structure Colorado Code
Article 4 - Property and Casualty Insurance
§ 10-4-101. Legislative Declaration
§ 10-4-103. Voluntary Partial Payment of Liability Claims Without Admission of Liability
§ 10-4-104. Competency of Minor to Contract for Insurance - Nonavoidance
§ 10-4-105. Valuation of Bonds and Policies Other Than Life
§ 10-4-107. Cancellation of Medical Malpractice Policies
§ 10-4-109. Nonrenewal of Medical Malpractice Policies
§ 10-4-109.7. Notice of Intent Prior to Cancellation of Certain Policies of Insurance
§ 10-4-110. Notice of Intent Prior to Nonrenewal of Certain Policies of Insurance
§ 10-4-110.3. Exclusions Where Claim Involves Sexual Misconduct - Void
§ 10-4-110.4. Exclusion - Claims Involving Loss in Progress Not Known to Insured
§ 10-4-110.6. Homeowner's Insurance - Definition
§ 10-4-110.7. Cancellation or Nonrenewal - Homeowner's Insurance Policies
§ 10-4-111. Summary Disclosure Forms Required
§ 10-4-112. Property Damage - Time of Payment
§ 10-4-114. Requirements on Hazard Insurance Coverage for Loans Secured by Real Property
§ 10-4-115. Private Utilization Review
§ 10-4-116. Use of Credit Information
§ 10-4-117. Loss History Information Report - Notice to Insured - Definition
§ 10-4-119. Monthly and Electronic Payment of Premiums
§ 10-4-120. Unfair or Discriminatory Trade Practices - Legislative Declaration
§ 10-4-121. Authority of Insurer to Protect Policyholders' Property - Emergency