A contract of insurance effectuated by a nonadmitted insurer in violation of the provisions of this article shall be voidable except at the instance of the insurer.
Source: L. 49: p. 467, § 1. CSA: C. 87, § 318. CRS 53: § 72-14-1. C.R.S. 1963: § 72-13-1. L. 95: Entire section amended, p. 492, § 9, effective May 16.
Structure Colorado Code
Article 5 - Nonadmitted Insurance
§ 10-5-101.1. Legislative Declaration
§ 10-5-102. Validity of Certain Contracts
§ 10-5-103. Conditions for Export
§ 10-5-103.5. Producing Broker's Affidavit
§ 10-5-104. Endorsement of Contract
§ 10-5-105. Surplus Line Insurance Valid
§ 10-5-106. When Export Declared Eligible
§ 10-5-107. Brokers May Accept Business From Producers
§ 10-5-108. Placement of Surplus Lines Insurance
§ 10-5-109. Records of Surplus Line Broker
§ 10-5-111.5. Allocation of Premium Tax
§ 10-5-112. Penalty for Failure to Comply
§ 10-5-113. Revocation of Broker's License
§ 10-5-114. Actions Against Insurer - Service
§ 10-5-115. Authority of Commissioner - Assistance of Brokers' Association
§ 10-5-116. Records Produced on Order
§ 10-5-117. Rules and Regulations
§ 10-5-118. Notice Provisions Not Applicable to Surplus Lines
§ 10-5-119. Disclosures Regarding Claims-Made Policies by Surplus Line Brokers or Insurers