Colorado § 10-4-517 - Immunity.
Full text of Colorado Colorado Revised Statutes § 10-4-517 — Immunity., with citation guidance and answers to common questions.
§ 10-4-517. Immunity.
There shall be no liability on the part of, and no cause of action of any nature shall arise against, any member insurer, the association or its agents or employees, the board of directors, or the commissioner or his representatives for any action taken by them in the performance of their powers and duties under this part 5.
Source: L. 71: p. 763, § 1. C.R.S. 1963: § 72-34-17.
ANNOTATION
This section does not violate the constitutional ban on special legislation. Providing the association with immunity is rationally and reasonably related to a legitimate government purpose of avoiding excessive delay in payment and financial loss to claimants or policyholders due to an insurer's insolvency. Colo. Ins. Guar. v. Sunstate Equip. Co., 2016 COA 64, 405 P.3d 320.
Immunity conferred by this section is absolute and includes immunity from penalties that would otherwise be available under § 8-43-304 (1). Mosley v. Indus. Claim Appeals Office, 119 P.3d 576 (Colo. App. 2005).
The immunity granted by this section barred complainant's affirmative defenses. The affirmative defenses were based on actions taken by the association in the performance of its powers and duties under the act and would result in "liability" to the association. Colo. Ins. Guar. v. Sunstate Equip. Co., 2016 COA 64, 405 P.3d 320.
Frequently Asked Questions About Colorado § 10-4-517
What does Colorado Revised Statutes § 10-4-517 cover?
Section 10-4-517 ("Immunity.") 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 § 10-4-517?
A common citation format is "Colorado Revised Statutes § 10-4-517" (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 § 10-4-517 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.