Colorado § 10-1-114 - Sale of premium notes prohibited.
Full text of Colorado Colorado Revised Statutes § 10-1-114 — Sale of premium notes prohibited., with citation guidance and answers to common questions.
§ 10-1-114. Sale of premium notes prohibited.
It is unlawful for any insurance company or any agent thereof who has accepted a premium note in payment for a policy of insurance to hypothecate, sell, assign, dispose of, or attempt to collect said note prior to the delivery of said insurance policy to the applicant.
Source: L. 2003: Entire article RC&RE, p. 598, § 1, effective July 1.
Editor's note: This section is similar to former § 10-1-118 as it existed prior to 2002.
Source: official Colorado text · Last verified 2026-08-27
Frequently Asked Questions About Colorado § 10-1-114
What does Colorado Revised Statutes § 10-1-114 cover?
Section 10-1-114 ("Sale of premium notes prohibited.") is part of the Colorado Revised Statutes, the codified statutory law of Colorado. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Colorado § 10-1-114?
A common citation format is "Colorado Revised Statutes § 10-1-114" (Colorado). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Colorado law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Colorado official source linked on this page or consult a licensed Colorado attorney.
How does Colorado § 10-1-114 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Colorado can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Colorado.