C.R.S. Section 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: Section 10-6-108 — Control of operations, https://leg.­colorado.­gov/sites/default/files/images/olls/crs2023-title-10.­pdf (accessed May 26, 2025).

Current through Fall 2025

§ 10-6-108. Control of operations's source at colorado​.gov