Colorado § 10-3-503 - Persons covered.
Full text of Colorado Colorado Revised Statutes § 10-3-503 — Persons covered., with citation guidance and answers to common questions.
§ 10-3-503. Persons covered.
(1) The proceedings authorized by this part 5 may be applied to:
(a) All insurers who are doing, or have done, an insurance business in this state and against whom claims arising from that business may exist now or in the future;
(b) All insurers who purport to do an insurance business in this state;
(c) All insurers who have insureds resident in this state;
(d) All other persons organized or in the process of organizing with the intent to do an insurance business in this state;
(e) All fraternal benefit societies and beneficial societies subject to article 14 of this title;
(f) All title insurance companies subject to the "Title Insurance Code of Colorado", article 11 of this title;
(g) All health-care plans subject to parts 1, 4, and 5 of article 16 of this title 10; and
(h) All employers' self-insurance pools created pursuant to section 8-44-205, C.R.S.
Source: L. 92: Entire part R&RE, p. 1431, § 14, effective July 1. L. 2020: (1)(g) amended, (HB 20-1402), ch. 216, p. 1042, § 10, effective June 30.
ANNOTATION
Subsection (1)(a) applies to a risk retention group. The risk retention group provides liability insurance to its policyholders and thus is in the insurance business. Garrou v. Shovelton, 2019 COA 15M, 439 P.3d 65.
Frequently Asked Questions About Colorado § 10-3-503
What does Colorado Revised Statutes § 10-3-503 cover?
Section 10-3-503 ("Persons covered.") 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 § 10-3-503?
A common citation format is "Colorado Revised Statutes § 10-3-503" (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 § 10-3-503 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.