Colorado § 10-4-1806 - FAIR plan - plan requirements - insurer requirements.
Full text of Colorado Colorado Revised Statutes § 10-4-1806 — FAIR plan - plan requirements - insurer requirements., with citation guidance and answers to common questions.
§ 10-4-1806. FAIR plan - plan requirements - insurer requirements.
(1) The board shall establish the FAIR plan. The FAIR plan must satisfy the requirements of this part 18 and any rules promulgated by the commissioner pursuant to this part 18.
(2) Rates for the FAIR plan must:
(a) Not be excessive, inadequate, or unfairly discriminatory;
(b) Be actuarially sound so that revenue generated from premiums is adequate to pay for expected losses, expenses, and taxes;
(c) Reflect the investment income of the plan; and
(d) Reflect the cost of reinsurance or other capital risk transfer markets.
(3) The FAIR plan is subject to the rate filing and review requirements in this article 4.
Source: L. 2023: Entire part added, (HB 23-1288), ch. 170, p. 834, § 1, effective August 7.
Source: official Colorado text · Last verified 2026-08-27
Frequently Asked Questions About Colorado § 10-4-1806
What does Colorado Revised Statutes § 10-4-1806 cover?
Section 10-4-1806 ("FAIR plan - plan requirements - insurer requirements.") 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 § 10-4-1806?
A common citation format is "Colorado Revised Statutes § 10-4-1806" (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 § 10-4-1806 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.