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The Colorado Department of Regulatory Agencies (DORA) is the principal department of the Colorado state government [1] responsible for professional licensing and consumer protection. [ 2 ] As the consumer protection agency for the State of Colorado , DORA's nine Divisions and more than 40 boards, commissions, and advisory committees license and ...
The chief executive officer of the Division is the Commissioner of Insurance. The Commissioner is appointed by the governor, Prior to 1906, the commissioner was known as the Superintendent of Insurance and was under the State Auditor, and until 1984 was a state employee. In 1984 the position changed to become a gubernatorial appointee.
An insurance commissioner (or commissioner of insurance) is a public official in the executive branch of a state or territory in the United States who, along with their office, regulate the insurance industry. The powers granted to the office of an insurance commissioner differ in each state.
Understanding Colorado auto insurance laws may save you from penalties. ... Colorado law imposes a minimum fine of $500 and license suspension until you can show proof to the DMV that you are insured.
The statute states that Colorado's guaranty fund "provide(s) a mechanism for the payment of covered claims under certain insurance policies, to avoid excessive delay in payment and financial loss to claimants or policyholders because of the insolvency of an insurer, to assist in the detection and prevention of insurer insolvencies, and to ...
Homeowners insurance vs. condo insurance Buying a condo is more similar to buying a home than a co-op. When you buy a condo, you own the unit and likely need condo insurance to insure it properly.
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Auto-Owners began writing insurance in Indiana, its first state outside of Michigan, in 1935. They now offer insurance in 26 states through local, independent insurance agents. [4] The company has been a member of the Fortune 500 since 2003. [5] In 2020, Auto-Owners Insurance was listed at number 320. [5]