Colorado § 10-5-119 - Disclosures regarding claims-made policies by surplus line brokers or insurers.
Full text of Colorado Colorado Revised Statutes § 10-5-119 — Disclosures regarding claims-made policies by surplus line brokers or insurers., with citation guidance and answers to common questions.
§ 10-5-119. Disclosures regarding claims-made policies by surplus line brokers or insurers.
(1) In the event that a contract procured or placed by a Colorado surplus line broker is on a claims-made or other nonoccurrence policy form, the broker or the nonadmitted insurer shall stamp on the face of the policy a clear disclosure, as prescribed by the commissioner, which shall be in predominate type.
(2) The disclosure requirement in subsection (1) of this section shall not apply to transactions with exempt commercial policyholders as defined by section 10-4-1402 and the rules adopted by the commissioner pursuant to such section.
Source: L. 87: Entire section added, p. 434, § 9, effective May 1. L. 92: Entire section amended, p. 1494, § 22, effective July 1. L. 95: Entire section amended, p. 497, § 18, effective May 16. L. 2005: Entire section amended, p. 736, § 5, effective January 1, 2006.
CAPTIVE INSURANCE COMPANIES
ARTICLE 6
Captive Insurance Companies
10-6-101. Short title.
10-6-102. Legislative declaration.
10-6-103. Definitions.
10-6-104. Scope of article. (Repealed)
10-6-105. Employee benefits - minimum coverages.
10-6-106. Names of companies.
10-6-107. Formation and operation of captive insurance companies.
10-6-108. Control of operations.
10-6-109. Increase of capital. (Repealed)
10-6-110. Violations - penalty. (Repealed)
10-6-111. No seal required on policies. (Repealed)
10-6-112. Deemed incorporated under corporation law. (Repealed)
10-6-113. Authority to do business.
10-6-114. Reports and statements.
10-6-115. Grounds and procedure for suspension or revocation of certificate - review by commissioner.
10-6-116. Capital and surplus requirements.
10-6-117. Security deposits - certificates. (Repealed)
10-6-118. Deposit and safekeeping of securities and letters of credit. (Repealed)
10-6-119. Surplus - letter of credit. (Repealed)
10-6-120. Examinations and investigations.
10-6-121. Legal investments.
10-6-122. Reinsurance.
10-6-123. Filing of policy provisions - no requirement of filing for pure captive insurance companies. (Repealed)
10-6-124. Making of rates. (Repealed)
10-6-125. Filing of rates.
10-6-126. Rating organizations - membership. (Repealed)
10-6-127. Guaranty fund coverage - not required.
10-6-128. Tax on premiums collected - exemptions - penalties.
10-6-128.5. Penalties.
10-6-129. Rules of commissioner.
10-6-130. Laws applicable.
Source: official Colorado text · Last verified 2026-08-27
Frequently Asked Questions About Colorado § 10-5-119
What does Colorado Revised Statutes § 10-5-119 cover?
Section 10-5-119 ("Disclosures regarding claims-made policies by surplus line brokers or insurers.") 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 § 10-5-119?
A common citation format is "Colorado Revised Statutes § 10-5-119" (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 § 10-5-119 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.