Colorado § 10-20-106 - Creation of the association.
Full text of Colorado Colorado Revised Statutes § 10-20-106 — Creation of the association., with citation guidance and answers to common questions.
§ 10-20-106. Creation of the association.
(1) There is hereby created a private nonprofit legal entity to be known as the life and health insurance protection association. All member insurers shall be and remain members of the association as a condition of their authority to transact insurance or health maintenance organization business in this state. The association shall perform its functions pursuant to the plan of operation specified in section 10-20-110 and shall exercise its powers through the board of directors provided in section 10-20-107. For purposes of administration and assessment, the association shall maintain three accounts:
(a) The life insurance account;
(b) The health insurance account; and
(c) The annuity account.
(2) The association is under the supervision of the commissioner and is subject to the applicable provisions of the insurance laws of this state. Meetings or records of the association may be opened to the public consistent with the provisions of the insurance laws of Colorado upon majority vote of the board.
Source: L. 91: Entire article added, p. 1261, § 1, effective July 1. L. 2013: (2) amended, (SB 13-032), ch. 34, p. 87, § 3, effective March 15. L. 2023: IP(1) amended, (HB 23-1303), ch. 195, p. 984, § 6, effective May 15.
Source: official Colorado text · Last verified 2026-08-27
Frequently Asked Questions About Colorado § 10-20-106
What does Colorado Revised Statutes § 10-20-106 cover?
Section 10-20-106 ("Creation of the association.") 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 § 10-20-106?
A common citation format is "Colorado Revised Statutes § 10-20-106" (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 § 10-20-106 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.