Colorado § 10-3-1601 - Purpose and scope - applicability - legislative declaration.
Full text of Colorado Colorado Revised Statutes § 10-3-1601 — Purpose and scope - applicability - legislative declaration., with citation guidance and answers to common questions.
§ 10-3-1601. Purpose and scope - applicability - legislative declaration.
(1) The purpose of this part 16 is to:
(a) Provide the commissioner a summary of each insurer's and insurance group's corporate governance structure, policies, and practices to permit the commissioner to gain and maintain an understanding of each insurer's and insurance group's corporate governance framework;
(b) Outline the requirements for submitting a corporate governance annual disclosure to the commissioner; and
(c) Provide for the confidential treatment of each insurer's and insurance group's corporate governance annual disclosure and related information, which may contain confidential and sensitive information related to the insurer's or insurance group's internal operations, including proprietary and trade secret information the public disclosure of which could potentially cause competitive harm or disadvantage to the insurer or insurance group.
(2) (a) Nothing in this part 16 may be construed to prescribe or impose corporate governance standards or internal procedures beyond those standards and procedures that are required under applicable Colorado corporate law.
(b) Notwithstanding subsection (2)(a) of this section, nothing in this part 16 may be construed to limit the commissioner's authority or the rights or obligations of third parties under part 2 of article 1 of this title 10.
(3) The requirements of this part 16 apply to all insurers domiciled in this state.
Source: L. 2019: Entire part added, (HB 19-1291), ch. 188, p. 2084, § 1, effective August 2.
Frequently Asked Questions About Colorado § 10-3-1601
What does Colorado Revised Statutes § 10-3-1601 cover?
Section 10-3-1601 ("Purpose and scope - applicability - 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 § 10-3-1601?
A common citation format is "Colorado Revised Statutes § 10-3-1601" (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 § 10-3-1601 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.