Colorado § 10-3-1102 - Definitions.
Full text of Colorado Colorado Revised Statutes § 10-3-1102 — Definitions., with citation guidance and answers to common questions.
§ 10-3-1102. Definitions.
As used in this part 11, unless the context otherwise requires:
(1) "Commissioner" means the commissioner of insurance.
(2) "Insurance policy" or "insurance contract" means any contract of insurance, indemnity, medical or hospital service, suretyship, or annuity issued, proposed for issuance, or intended for issuance by any person.
(2.5) Repealed.
(3) "Person" means any individual, corporation, association, partnership, reciprocal exchange, interinsurer, Lloyds insurer, nonadmitted insurer, fraternal benefit society, and other legal entities engaged in the insurance business, including agents, limited insurance representatives, agencies, brokers, surplus line brokers, and adjusters. The term also includes medical service plans and hospital service plans regulated under parts 1 and 3 of article 16 of this title 10, health maintenance organizations regulated under parts 1 and 4 of article 16 of this title 10, and multiple employer welfare arrangements operating pursuant to section 10-3-903.5 (7)(d). The plans, arrangements, and organizations shall be deemed to be engaged in the business of insurance for purposes of this part 11 only.
Source: L. 73: R&RE, p. 857, § 1. C.R.S. 1963: § 72-14-2. L. 78: (2.5) added, p. 293, § 1, effective July 1. L. 81: (2.5) repealed, p. 577, § 5, effective June 4. L. 84: (3) amended, p. 331, § 1, effective July 1. L. 87: (3) amended, p. 425, § 1, effective May 1. L. 92: (3) amended, p. 1723, § 4, effective July 1. L. 95: (3) amended, p. 491, §5, effective May 16. L. 2021: (3) amended, (SB 21-063), ch. 467, p. 3363, § 2, effective September 7.
ANNOTATION
Law reviews. For article, "Insurance Adjuster Liability in Bad Faith Claims", see 51 Colo. Law. 42 (Dec. 2022).
Definition of "insurance policy" or "insurance contract" includes any contract of suretyship. Brighton Sch. Dist. 27J v. Transamerica Premier Ins. Co., 923 P.2d 328 (Colo. App. 1996), aff'd, 940 P.2d 348 (Colo. 1997).
Frequently Asked Questions About Colorado § 10-3-1102
What does Colorado Revised Statutes § 10-3-1102 cover?
Section 10-3-1102 ("Definitions.") 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 § 10-3-1102?
A common citation format is "Colorado Revised Statutes § 10-3-1102" (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 § 10-3-1102 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.