The rates and premiums charged for insurance policies to which this part 5 applies shall include amounts sufficient to recoup a sum equal to the amounts paid to the association by the member insurer, less any amounts returned to the member insurer by the association, and such rates shall not be deemed excessive because they contain an amount reasonably calculated to recoup assessments paid by the member insurer.
Source: L. 71: p. 762, § 1. C.R.S. 1963: § 72-34-16.
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