Colorado § 10-3-1503 - Risk management framework.
Full text of Colorado Colorado Revised Statutes § 10-3-1503 — Risk management framework., with citation guidance and answers to common questions.
§ 10-3-1503. Risk management framework.
An insurer shall maintain a risk management framework to assist the insurer with identifying, assessing, monitoring, managing, and reporting on its material and relevant risks. This requirement may be satisfied if the insurance group of which the insurer is a member maintains a risk management framework applicable to the operations of the insurer.
Source: L. 2016: Entire part added, (SB 16-029), ch. 32, p. 74, § 2, effective March 18.
Frequently Asked Questions About Colorado § 10-3-1503
What does Colorado Revised Statutes § 10-3-1503 cover?
Section 10-3-1503 ("Risk management framework.") 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 § 10-3-1503?
A common citation format is "Colorado Revised Statutes § 10-3-1503" (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 § 10-3-1503 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.