Colorado § 10-16-1106 - Accounting - reports - audits.
Full text of Colorado Colorado Revised Statutes § 10-16-1106 — Accounting - reports - audits., with citation guidance and answers to common questions.
§ 10-16-1106. Accounting - reports - audits.
(1) The commissioner shall maintain an accounting for each benefit year of all:
(a) Money expended for reinsurance payments and administrative and operational expenses;
(b) Requests for reinsurance payments received from eligible carriers;
(c) Reinsurance payments made to eligible carriers; and
(d) Administrative and operational expenses incurred for the reinsurance program.
(2) By November 1 of the year following the applicable benefit year or sixty calendar days after the final disbursement of reinsurance payments for the applicable benefit year, whichever is later, the commissioner shall make available to the public a report summarizing the reinsurance program's operations for each benefit year. The commissioner shall post the report on the division's website.
(3) The reinsurance program is subject to audit by the state auditor. The commissioner shall ensure that all of the reinsurance program's contractors, subcontractors, and agents cooperate with the audit.
(4) On or before November 1, 2020, and on or before November 1 of each year thereafter, the division shall include an update regarding the program in its report to the members of the applicable committees of reference in the senate and house of representatives as required by the "State Measurement for Accountable, Responsive, and Transparent (SMART) Government Act", part 2 of article 7 of title 2.
Source: L. 2019: Entire part added, (HB 19-1168), ch. 204, p. 2183, § 1, effective May 17. L. 2020: (4) amended, (SB 20-215), ch. 201, p. 999, § 5, effective June 30.
Source: official Colorado text · Last verified 2026-08-27
Frequently Asked Questions About Colorado § 10-16-1106
What does Colorado Revised Statutes § 10-16-1106 cover?
Section 10-16-1106 ("Accounting - reports - audits.") 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 § 10-16-1106?
A common citation format is "Colorado Revised Statutes § 10-16-1106" (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 § 10-16-1106 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.