Colorado § 10-14-503 - Exemptions.
Full text of Colorado Colorado Revised Statutes § 10-14-503 — Exemptions., with citation guidance and answers to common questions.
§ 10-14-503. Exemptions.
Except as provided in this section, societies shall be governed by the provisions of this article and shall be exempt from all other provisions of the insurance statutes of this state unless the terms of such statutes expressly apply to societies, or unless any such insurance statute is specifically made applicable to societies by this article. Societies shall comply with the applicable provisions of section 10-3-208; part 7 of article 3 of this title; and article 16 of this title.
Source: L. 93: Entire article amended with relocations, p. 603, § 1, effective July 1. L. 2001: Entire section amended, p. 1048, § 30, effective July 1. L. 2013: Entire section amended, (HB 13-1115), ch. 338, p. 1971, § 6, effective March 31, 2015. L. 2016: Entire section amended, (SB 16-189), ch. 210, p. 756, § 12, effective June 6.
Editor's note: This section is similar to former § 10-14-104 as it existed prior to 1993.
ANNOTATION
Annotator's note. Since § 10-14-503 is similar to § 10-14-104 as it existed prior to the 1993 amendment to article 14 which resulted in the relocation of provisions, relevant cases construing that provision have been included in the annotations to this section.
Fraternal societies are exempt from general insurance laws. An intention is manifest in the laws governing fraternal benefit societies to exempt them from the provisions of the general insurance laws of the state, particularly by the provisions of this section. Neighbors v. Westover, 99 Colo. 231, 61 P.2d 585 (1936).
They are also not controlled by general corporation law. The legislative policy of Colorado has been to differentiate between commercial corporations and fraternal benefit societies, the latter being controlled by the provisions of this article and not by title 7 of these statutes. Sovereign Camp of Woodmen of World v. Woodmen of World, 73 Colo. 57, 213 P. 579 (1923).
Frequently Asked Questions About Colorado § 10-14-503
What does Colorado Revised Statutes § 10-14-503 cover?
Section 10-14-503 ("Exemptions.") 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 § 10-14-503?
A common citation format is "Colorado Revised Statutes § 10-14-503" (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 § 10-14-503 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.