Colorado Code § 10-5-115

Authority of commissioner - assistance of brokers' association
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(1) The
commissioner shall maintain such facilities as may be necessary to carry out the purposes of this
article.
(2) The commissioner may rely upon the advice and assistance of a duly constituted
association of brokers in carrying out the purposes of this article, if the association files with the
commissioner:
(a) A copy of the association's constitution and articles of agreement or association or
the association's certificate of incorporation and bylaws and any rules or regulations governing
the association's activities;
(b) (Deleted by amendment, L. 95, p. 496, § 16, effective May 16, 1995.)
(c) A list of the association's members;
(d) The name and address of a resident of this state upon whom notices or orders of the
commissioner or process issued by the commissioner may be served.
(2.5) The commissioner may examine the association's records concerning the functions
or duties performed on behalf of the commissioner by the association.
(3) The association shall provide a means for the examination of all surplus line
coverages written in this state to determine whether such coverages comply with the law and
such rules or regulations as may be issued by the commissioner.
(4) The commissioner may refuse to accept, or may suspend or revoke the acceptance of,
an association for any of the following reasons:
(a) It reasonably appears that the association will not be able to carry out the purpose of
this article;
(b) The association does not maintain and enforce rules or regulations which will assure
that members of the association and persons associated with those members will comply with
this article, other applicable articles of this title, and rules or regulations promulgated under
either;
(c) The rules or regulations of the association do not assure a fair representation of its
members in the selection of directors and in the administration of its affairs;
(d) The rules or regulations of the association do not provide for an equitable allocation
of reasonable dues, fees, and other charges among members;
(e) The rules or regulations of the association impose an undue burden on competition;
(f) The association fails to meet other applicable requirements prescribed in this article.
(5) An association shall deny membership to any person who is not a licensee.
(6) A broker shall cooperate with the association and the commissioner of insurance in
fulfilling the broker's statutory responsibilities under this article.
(7) There shall not be liability on the part of, nor shall a cause of action of any nature
arise against, the association or its agents, employees, or directors or authorized representatives
of the commissioner for actions taken or omitted by them in the performance of their powers and
duties under this section.
(8) (a) Upon request from the association, the commissioner may approve the levy of an
examination fee of not more than one percent of premiums charged pursuant to this article for
the operation of the association to the extent that such operation relieves the commissioner of
duties otherwise required of the commissioner under this article.
(b) The association may revoke the membership and the commissioner may revoke the
license in this state of any licensee who fails to pay the examination fee when due, if the
examination fee has been approved by the commissioner.

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