Colorado § 10-6-108 - Control of operations.
Full text of Colorado Colorado Revised Statutes § 10-6-108 — Control of operations., with citation guidance and answers to common questions.
§ 10-6-108. Control of operations.
The business of each captive insurance company shall be managed by a board of directors or other governing body consisting of not less than three persons. The organizational documents or bylaws shall provide for the terms, meetings, and elections of the directors and officers of the governing body. No individual may serve as a director or officer who has been convicted of fraud involving any financial institution or of a felony involving misuse of funds.
Source: L. 72: p. 431, § 1. C.R.S. 1963: § 72-36-8. L. 89: (1) amended, p. 464, § 5, effective April 15. L. 94: Entire section R&RE, p. 545, § 6, effective April 6.
ANNOTATION
Law reviews. For article, "The Pros and Cons of a Captive Legal Malpractice Insurer", see 16 Colo. Law. 244 (1986).
Source: official Colorado text · Last verified 2026-08-27
Frequently Asked Questions About Colorado § 10-6-108
What does Colorado Revised Statutes § 10-6-108 cover?
Section 10-6-108 ("Control of operations.") 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 § 10-6-108?
A common citation format is "Colorado Revised Statutes § 10-6-108" (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 § 10-6-108 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.