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INSURANCE LAWS

OF THE

STATE OF COLORADO.

ACT OF 1883 AS AMENDED.

AN ACT

TO AMEND AN ACT ENTITLED "AN ACT TO ESTABLISH AN
INSURANCE DEPARTMENT IN AND FOR THE STATE OF
COLORADO, AND REGULATE THE INSURANCE COMPANIES
DOING BUSINESS THEREIN," APPROVED FEBRUARY 13, A. D.
1883, TOGETHER WITH THE AMENDMENTS THERETO; TO
DEFINE THE POWERS OF THE SUPERINTENDENT OF INSUR-
ANCE; TO PROVIDE FOR THE REGULATION OF INSURANCE
COMPANIES AND FOR OTHER PURPOSES.

Be it enacted by the General Assembly of the State of Colorado: Section 1. That there is hereby established a separate and distinct department, to be known as the Insurance Department of the State of Colorado, which Department shall be charged with the execution of all laws now in force, or which shall hereafter be enacted in relation to insurance companies doing business in the State of Colorado.

Sec. 2. The Auditor of State shall be the chief officer of said Department, and shall be designated the ex officio Superintendent of Insurance. He shall appoint a deputy within ten days after the approval of this act, who shall hold his office for the term of two years. He shall be an elector of this State, well versed and experienced in the business of insurance and of matters relating thereto, but in no case shall such deputy hold any position as an officer, agent or employee of any insurance company, or shall he be directly or indirectly interested in any insurance company except as a policy holder.

distinct department known as partment.

A separate and

insurance de

Auditor of

state chief of

ficer: shall ap

point deputy.

file approved

Sec. 3. The Deputy of Insurance shall, within Deputy must twenty (20, days after receiving his commission, and bond. before entering upon the discharge of the duties of his office, take and subscribe to the oath required by the Constitution, and shall give bonds to the State of Colorado in the sum of twenty thousand dollars ($20,000), to be approved by the Governor and Attorney General, conditioned for the faithful

Duties of deputy.

Salary.

Seal and its official uses; also evidence in court.

Office of super-
intendent of in-
surance,
where.

Public office.

and impartial discharge of his duties, which oath and bond shall be filed in the office of the Secretary of State.

Sec. 4. The appointment of said deputy shall be evidenced by a certificate under the seal of the Superintendent of Insurance. Said deputy shall possess all the powers and perform all the duties attached by law to the office of the Superintendent during a vacancy, and during the absence or inability of his principal, but said Superintendent shall be responsible for the acts of his deputy.

Sec. 5. Said deputy shall receive an annual salary of thirty hundred ($3,000) dollars.

Sec. 6. The seal of the Superintendent of Insurance shall be of such device as the Governor and Superintendent may prescribe, to be surrounded by the words, "Superintendent of Insurance for Colorado," a copy of which shall be filed in the office of the Secretary of State. Every certificate or other paper executed by said Superintendent in pursuance of any authority conferred on him by law, and sealed with his seal of office, and all copies of papers certified by said Superintendent and authenticated by said seal, shall in all cases be evidence, equally and in like manner as the original thereof, and shall have the same force and effect as the originals would in any suit or proceeding in any court of this State.

Sec. 7. The said Superintendent shall have an office at the State Capitol, and shall procure necessary furniture, safe, fuel, stationery, printing and such other appliances as may be necessary for the transaction of the business of his office, and may employ presons to make personal examination of the conditions and affairs of insurance companies when necessary, as required by law; and, when ever he may think necessary, he shall call upon the Attorney General of the State for legal counsel and such assistance as may be necessary to enforce the provisions of this act.

Sec. 8. The office of the Superintendent of Insurance shall be deemed a public office, and the

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