Colorado § 10-11-111 - Reserve for unpaid losses and loss expense.
Full text of Colorado Colorado Revised Statutes § 10-11-111 — Reserve for unpaid losses and loss expense., with citation guidance and answers to common questions.
§ 10-11-111. Reserve for unpaid losses and loss expense.
(1) Each title insurance company, in addition to other reserves, shall at all times establish and maintain reserves against unpaid losses, and against loss expense, and shall calculate such reserves by making a careful estimate in each case of the loss and loss expense likely to be incurred by reason of every claim presented, pursuant to notice from or on behalf of the policyholder, of a title defect in or lien or adverse claim against the title insured that may result in a loss or cause expense to be incurred for the proper disposition of the claim. The sums of the items so estimated shall be the total amounts of the reserves against unpaid losses and loss expenses of such title insurance company.
(2) The amounts so estimated may be revised from time to time as circumstances warrant but shall be redetermined at least once each year.
(3) The amounts set aside in such reserves in any year shall be deducted in determining the net profits for such year of any title insurance company.
Source: L. 69: p. 524, § 1. C.R.S. 1963: § 72-26-11.
Source: official Colorado text · Last verified 2026-08-27
Frequently Asked Questions About Colorado § 10-11-111
What does Colorado Revised Statutes § 10-11-111 cover?
Section 10-11-111 ("Reserve for unpaid losses and loss expense.") 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 § 10-11-111?
A common citation format is "Colorado Revised Statutes § 10-11-111" (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 § 10-11-111 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.