The setting aside of reserves for self-insurance purposes in the risk management fund created in section 24-30-1510, in the self-insured property fund created in section 24-301510.5, and in the state employee workers' compensation account in the risk management fund created in section 24-30-1510.7, shall not be construed to be creating an insurance company, nor shall the risk management fund or the self-insured property fund otherwise be subject to the provisions of the laws of this state regulating insurance or insurance companies. The requirements of section 10-4-624, C.R.S., concerning motor vehicle self-insurance are not applicable to this part 15.
Source: L. 85, 1st Ex. Sess.: Entire part added, p. 7, § 1, effective September 27. L. 86, 2nd Ex. Sess.: Entire section amended, p. 67, § 9, effective August 25. L. 90: Entire section amended, p. 1197, § 8, effective May 24. L. 97: Entire section amended, p. 1016, § 29, effective August 6. L. 2003: Entire section amended, p. 1572, § 9, effective July 1.