Colorado § 10-4-1303 - Temporary joint underwriting association.
Full text of Colorado Colorado Revised Statutes § 10-4-1303 — Temporary joint underwriting association., with citation guidance and answers to common questions.
§ 10-4-1303. Temporary joint underwriting association.
(1) A nonprofit temporary joint underwriting association is hereby created, consisting of all insurance carriers authorized to transact business in this state, including Pinnacol Assurance, that insures employers against liability for compensation under the provisions of articles 40 to 47 of title 8, C.R.S., who shall constitute the members thereof. Every such insurer shall participate in the association as a condition of its authority to continue to make contracts of such kind of insurance in this state.
(2) The purpose of the association shall be to provide black lung insurance coverage for employers located in Colorado who are in good faith entitled to such coverage but who are unable to purchase such insurance through the voluntary market.
(3) The association shall issue policies beginning immediately; except that the association shall not commence underwriting operations until the commissioner finds that black lung insurance is not, or as of a determinable date will not be, available or cannot be made available in the voluntary market or the cost is so unreasonably high as to make such insurance practicably unavailable.
(4) (a) The association shall, pursuant to the provisions of this part 13 and the plan of operation, have the power on behalf of its members:
(I) To issue, or cause to be issued, policies of black lung insurance;
(II) To underwrite such insurance;
(III) To adjust and pay losses with respect thereto; and
(IV) To provide or cede reinsurance.
(b) The association may contract with one or more servicing carriers or any other appropriate entity to perform any or all of the duties of the association.
Source: L. 95: Entire part added, p. 732, § 1, effective May 23. L. 2002: (1) amended, p. 1891, § 50, effective July 1.
Frequently Asked Questions About Colorado § 10-4-1303
What does Colorado Revised Statutes § 10-4-1303 cover?
Section 10-4-1303 ("Temporary joint underwriting association.") 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 § 10-4-1303?
A common citation format is "Colorado Revised Statutes § 10-4-1303" (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 § 10-4-1303 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.