Colorado § 10-20-102 - Legislative declaration.
Full text of Colorado Colorado Revised Statutes § 10-20-102 — Legislative declaration., with citation guidance and answers to common questions.
§ 10-20-102. Legislative declaration.
(1) The general assembly finds and declares that the purpose of this article 20 is to protect, subject to certain limitations, the persons specified in section 10-20-104 (1) against failure by member insurers in the performance of their contractual obligations under life insurance policies, health insurance policies, health benefit plans, and annuity policies, plans, or contracts specified in section 10-20-104 (2) because of the insolvency of the member insurer that issued the policies, plans, or contracts.
(2) To provide the protection specified in subsection (1) of this section, an association of member insurers shall be created and shall exist to pay benefits and to continue coverages as limited pursuant to this article 20. Member insurers of the association are subject to assessment to provide funds to carry out the purpose of this article 20.
Source: L. 91: Entire article added, p. 1256, § 1, effective July 1. L. 2023: Entire section amended, (HB 23-1303), ch. 195, p. 978, § 3, effective May 15.
Frequently Asked Questions About Colorado § 10-20-102
What does Colorado Revised Statutes § 10-20-102 cover?
Section 10-20-102 ("Legislative declaration.") 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 § 10-20-102?
A common citation format is "Colorado Revised Statutes § 10-20-102" (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 § 10-20-102 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.