Every insurance contract procured and delivered as a surplus line coverage pursuant to this article shall be initialed by or bear the name of the surplus line broker who procured it and shall have stamped upon it the following: "This contract is delivered as a surplus line coverage under the 'Nonadmitted Insurance Act'. The insurer issuing this contract is not licensed in Colorado but is an eligible nonadmitted insurer. There is no protection under the provisions of the 'Colorado Insurance Guaranty Association Act'."
Source: L. 49: p. 468, § 3. CSA: C. 87, § 320. CRS 53: § 72-14-3. C.R.S. 1963: § 72-13-3. L. 95: Entire section amended, p. 492, § 11, effective May 16. L. 2012: Entire section amended, (HB 12-1215), ch. 104, p. 355, § 10, effective August 8.
Cross references: For the "Colorado Insurance Guaranty Association Act", see part 5 of article 4 of this title 10.
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