C.R.S. Section 10-14-304
Reinsurance


(1)

A domestic society may, by a reinsurance agreement, cede any individual risk or risks in whole or in part to an insurer (other than another fraternal benefit society) having the power to make such reinsurance and authorized to do business in this state. It may take credit for the reserves on such ceded risks to the extent reinsured, but no credit is allowed as an admitted asset or as a deduction from liability to a ceding society for reinsurance made, ceded, renewed, or otherwise becoming effective after July 1, 1993, unless the reinsurance complies with the applicable provisions of part 7 of article 3 of this title and all pertinent insurance rules.

(2)

Notwithstanding the limitation in subsection (1) of this section, a society may reinsure the risks of another society in a consolidation or merger approved by the commissioner under section 10-14-305.

Source: Section 10-14-304 — Reinsurance, https://leg.­colorado.­gov/sites/default/files/images/olls/crs2023-title-10.­pdf (accessed Oct. 20, 2023).

10‑14‑101
Definitions
10‑14‑102
Fraternal benefit societies - what constitutes
10‑14‑103
Lodge system - defined
10‑14‑104
Representative form of government - defined
10‑14‑105
Purposes and powers
10‑14‑201
Qualifications for membership
10‑14‑202
Principal office - meetings - communications to members - grievance procedures
10‑14‑203
No personal liability
10‑14‑204
Waiver
10‑14‑301
Organization
10‑14‑302
Amendments to governing documents
10‑14‑303
Institutions
10‑14‑304
Reinsurance
10‑14‑305
Consolidations and mergers
10‑14‑306
Conversion of fraternal benefit society into a mutual or stock life insurance company
10‑14‑401
Benefits
10‑14‑402
Beneficiaries
10‑14‑403
Benefits not attachable
10‑14‑404
Benefit contract
10‑14‑405
Nonforfeiture benefits, cash surrender values, certificate loans, and other options
10‑14‑501
Investments
10‑14‑502
Funds
10‑14‑503
Exemptions
10‑14‑504
Taxation
10‑14‑505
Rules and regulations of commissioner
10‑14‑601
Valuation
10‑14‑602
Reports
10‑14‑603
Annual certificate of authority
10‑14‑604
Cash capital
10‑14‑605
Examination of societies
10‑14‑606
Publications
10‑14‑607
Grounds for injunction, liquidation, and receivership of domestic society
10‑14‑608
Foreign or alien society - admission
10‑14‑609
Suspension - revocation - denial of license of foreign or alien society
10‑14‑610
Injunction
10‑14‑611
Licensing of agents
10‑14‑612
Unfair methods of competition and unfair and deceptive acts and practices
10‑14‑701
Service of process
10‑14‑702
Fees
10‑14‑703
Review
10‑14‑704
Penalties
10‑14‑705
Exemption of certain societies
Green check means up to date. Up to date

Current through Fall 2024

§ 10-14-304’s source at colorado​.gov