Colorado Code
Part 4 - Rate Regulation
§ 10-4-402. Definitions

As used in this part 4, unless the context otherwise requires:
(1.3) "Classification system" or "classification" means the plan, system, or arrangement for recognizing differences in exposure to hazards among industries, occupations, or operations of insurance policyholders.
(1.4) "Competitive market" means a market which has not been found to be noncompetitive pursuant to section 10-4-403 (5).
(1.5) "Expenses" means that portion of any rate attributable to acquisition, field supervision, and collection expenses, general expenses, and taxes, licenses, and fees.
(1.6) "Loss trending" means any procedure for projecting developed losses to the average date of loss for the period during which the policies are to be effective.

(2.3) "Noncompetitive market" means a market for which there is a ruling in effect pursuant to section 10-4-403 (5) that a reasonable degree of competition does not exist.
(2.4) "Pure premium rate" means that portion of the rate which represents the loss cost per unit of exposure, including loss adjustment expenses.

(3.5) "Stacking" means aggregating, combining, multiplying, or pyramiding limits of separate policies providing uninsured and underinsured motorist coverage as provided in section 10-4-609.


Source: L. 79: Entire part R&RE, p. 363, § 8, effective July 1. L. 91: Entire section amended, p. 1194, § 2, effective April 11. L. 92: (3.5) added, p. 1758, § 1, effective June 5.
Editor's note: This section is similar to former § 10-4-401 as it existed prior to 1979.

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