Colorado § 10-3-128 - Domestic insurer - requirement to maintain offices in this state.
Full text of Colorado Colorado Revised Statutes § 10-3-128 — Domestic insurer - requirement to maintain offices in this state., with citation guidance and answers to common questions.
§ 10-3-128. Domestic insurer - requirement to maintain offices in this state.
(1) Before granting the initial certificate of authority to an applicant to become a domestic insurer, the commissioner shall be satisfied by proper evidence that:
(a) The insurer's books and records are located or maintained in this state or are readily accessible to the examiners of this state; and
(b) The grant of a certificate of authority as a domestic insurer will provide benefit to the state of Colorado through either significant economic development or through the offering of insurance coverage desired by and beneficial to the Colorado insurance buying public.
(2) No later than January 1, 1992, any domestic insurer licensed in this state prior to July 1, 1991, shall file a plan for compliance with this section.
(3) The commissioner may modify or waive the requirements of this section for cause on a case by case basis.
(4) The commissioner may promulgate such rules and regulations as are necessary to carry out the provisions of this section.
Source: L. 91: Entire section added, p. 1243, § 5, effective July 1.
Source: official Colorado text · Last verified 2026-08-27
Frequently Asked Questions About Colorado § 10-3-128
What does Colorado Revised Statutes § 10-3-128 cover?
Section 10-3-128 ("Domestic insurer - requirement to maintain offices in this state.") 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 § 10-3-128?
A common citation format is "Colorado Revised Statutes § 10-3-128" (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 § 10-3-128 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.