Colorado § 10-3-906 - Validity of insurance contracts - liability under insurance contract.
Full text of Colorado Colorado Revised Statutes § 10-3-906 — Validity of insurance contracts - liability under insurance contract., with citation guidance and answers to common questions.
§ 10-3-906. Validity of insurance contracts - liability under insurance contract.
(1) The failure of a company transacting insurance business in Colorado to obtain a certificate of authority shall not impair the validity of any act or contract of such company and shall not prevent such company from defending any action in any court of this state.
(2) In event of failure of any such unauthorized insurer to pay any claim or loss within the provisions of such insurance contract, any person who assisted or in any manner aided directly or indirectly in the procurement of such insurance contract is also liable to the insured for the full amount of the claim or loss in the manner provided by the provisions of such insurance contract.
Source: L. 67: p. 870, § 5. C.R.S. 1963: § 72-25-5.
Source: official Colorado text · Last verified 2026-08-27
Frequently Asked Questions About Colorado § 10-3-906
What does Colorado Revised Statutes § 10-3-906 cover?
Section 10-3-906 ("Validity of insurance contracts - liability under insurance contract.") 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 § 10-3-906?
A common citation format is "Colorado Revised Statutes § 10-3-906" (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 § 10-3-906 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.