Insurance contracts procured as surplus line coverage from nonadmitted insurers in accordance with this article shall be fully valid and enforceable as to all parties and shall be given recognition in all matters and respects to the same effect as like contracts issued by admitted insurers.
Source: L. 49: p. 468, § 4. CSA: C. 87, § 321. CRS 53: § 72-14-4. C.R.S. 1963: § 72-13-4. L. 95: Entire section amended, p. 492, § 12, 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