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2022 Colorado Code
Title 10 - Insurance
Article 4 - Property and Casualty Insurance
Part 17 - Self-Storage Insurance Limited Licenses
§ 10-4-1706. Compensation
Universal Citation:
CO Rev Stat § 10-4-1706 (2022)
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- This part 17 does not prohibit the payment or receipt of related compensation in the form of a commission, service fee, brokerage, or other valuable consideration for the sale of self-storage insurance that the supervising entity is authorized to sell, solicit, or negotiate under this part 17 if the supervising entity was duly licensed under this part 17 for the performance of the services and has met all conditions as set forth in this part 17.
- Notwithstanding any other provision of law, a self-storage retailer shall not compensate employees based primarily on the number of occupants enrolled for limited lines self-storage insurance, but the self-storage retailer may compensate employees for activities under the limited lines employee's or supervising entity's overall compensation.
Source: L. 2017: Entire part added, (HB 17-1263), ch. 368, p. 1918, § 1, effective August 9.
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