The purposes of this part 5 are to provide a mechanism for the payment of covered claims under certain insurance policies, to avoid excessive delay in payment and financial loss to claimants or policyholders because of the insolvency of an insurer, to assist in the detection and prevention of insurer insolvencies, and to provide an association to assess the cost of such protection among insurers.
Source: L. 71: p. 756, § 1. C.R.S. 1963: § 72-34-2.
Structure Colorado Code
Article 4 - Property and Casualty Insurance
Part 5 - Colorado Insurance Guaranty Association Act
§ 10-4-502. Legislative Declaration
§ 10-4-506. Colorado Insurance Guaranty Association
§ 10-4-507. Board of Directors
§ 10-4-508. Powers and Duties of Association
§ 10-4-508.5. Aggregate Liability of Association
§ 10-4-510. Duties and Powers of Commissioner
§ 10-4-511. Effect of Paid Claims
§ 10-4-512. Nonduplication of Recovery
§ 10-4-513. Prevention of Insolvencies
§ 10-4-514. Examination of Association
§ 10-4-516. Recognition of Assessments in Rates
§ 10-4-518. Stay of Proceedings