Records of surplus line broker.

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Each licensed surplus line broker shall keep in the broker's office a full and true record of each surplus line contract procured by the broker, including a copy of the daily report, if any, showing such of the following items as may be applicable: Amount of the insurance; gross premiums charged; return premium paid, if any; rate of premium charged upon the several items of property; effective date of the contract and the terms thereof; name and address of the insurer; name and address of the insured; brief general description of property insured and where located; other information as may be required by the commissioner. The record shall at all times be open to examination by the commissioner.

Source: L. 49: p. 469, § 8. CSA: C. 87, § 325. CRS 53: § 72-14-8. C.R.S. 1963: § 7213-8. L. 2001: Entire section amended, p. 1213, § 39, effective January 1, 2002.


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