Colorado § 10-14-304 - Reinsurance.
Full text of Colorado Colorado Revised Statutes § 10-14-304 — Reinsurance., with citation guidance and answers to common questions.
§ 10-14-304. Reinsurance.
(1) A domestic society may, by a reinsurance agreement, cede any individual risk or risks in whole or in part to an insurer (other than another fraternal benefit society) having the power to make such reinsurance and authorized to do business in this state. It may take credit for the reserves on such ceded risks to the extent reinsured, but no credit is allowed as an admitted asset or as a deduction from liability to a ceding society for reinsurance made, ceded, renewed, or otherwise becoming effective after July 1, 1993, unless the reinsurance complies with the applicable provisions of part 7 of article 3 of this title and all pertinent insurance rules.
(2) Notwithstanding the limitation in subsection (1) of this section, a society may reinsure the risks of another society in a consolidation or merger approved by the commissioner under section 10-14-305.
Source: L. 93: Entire article amended with relocations, p. 595, § 1, effective July 1. L. 2014: (1) amended, (HB 14-1315), ch. 295, p. 1218, § 7, effective January 1, 2015.
Source: official Colorado text · Last verified 2026-08-27
Frequently Asked Questions About Colorado § 10-14-304
What does Colorado Revised Statutes § 10-14-304 cover?
Section 10-14-304 ("Reinsurance.") 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 § 10-14-304?
A common citation format is "Colorado Revised Statutes § 10-14-304" (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 § 10-14-304 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.