# C.R.S. § 10-20-110: 10-20-110. Plan of operation - rules > Colorado · Statutes · Repealed URL: https://www.frixlaw.com/law-library/statutes/STATE_CO_T10_A20_S10-20-110 ## Section - **Citation:** C.R.S. § 10-20-110 - **Heading:** 10-20-110. Plan of operation - rules - **Jurisdiction:** Colorado - **Kind:** Statutes - **Status:** Repealed - **Text as of:** August 14, 2026 - **Source:** Compiled text - **Location:** CO Code / Title 10 / Article 20 / Section 10-20-110 ## Text 10-20-110. Plan of operation - rules. (1) (a) The association shall maintain a plan of operation to assure the fair, reasonable, and equitable administration of the association. The plan of operation and any amendments thereto shall be submitted to the commissioner and be effective upon the commissioner's written approval or after thirty days if said commissioner has not disapproved. (b) If the association fails to submit a suitable plan of operation or suitable amendments to the plan within sixty days after May 15, 2023, the commissioner shall, after notice and hearing, adopt and promulgate reasonable rules as necessary or advisable to effectuate this article 20. The rules continue in effect until modified by the commissioner or superseded by a plan submitted by the association and approved by the commissioner. (2) All member insurers shall comply with the plan of operation. (3) The plan of operation must, in addition to any other provisions specified in this article: (a) Establish procedures for handling the assets of the association; (b) Establish the amount and method of reimbursing members of the board pursuant to section 10-20-107; (c) Establish regular places and times for meetings including telephone conference calls of the board; (d) Establish procedures for records to be kept of all financial transactions of the association, its agents, and the board; (e) Establish the procedures whereby selections for the board will be made and submitted to the commissioner; (f) Establish any additional procedures for assessments under section 10-20-109; (g) Contain additional provisions necessary or proper for the execution of the powers and duties of the association; (h) Establish procedures whereby a director may be removed for cause, including a director or member insurer that becomes an impaired or insolvent insurer; (i) Require the board of directors to establish a policy and procedures to address conflicts of interest. (4) The plan of operation may provide that any or all powers and duties of the association, except those established pursuant to sections 10-20-108 (13)(c) and 10-20-109, are delegated to a corporation, association, or other organization that performs, or will perform, functions similar to those of the association established pursuant to this article 20 or its equivalent in two or more states. The association shall reimburse a corporation, association, or organization to which the association has delegated its powers and duties for any payments made on behalf of the association and shall pay the corporation, association, or organization for its performance of any association function. A delegation pursuant to this subsection (4) takes effect only with the approval of both the board and the commissioner, and the association may delegate its powers and duties only to a corporation, association, or organization that extends protection not substantially less favorable and effective than the protection provided by this article 20. (5) Repealed. ## Nearby sections - [C.R.S. § 10-20-101 10-20-101. Short title](https://www.frixlaw.com/law-library/statutes/STATE_CO_T10_A20_S10-20-101.md) - [C.R.S. § 10-20-102 10-20-102. Legislative declaration](https://www.frixlaw.com/law-library/statutes/STATE_CO_T10_A20_S10-20-102.md) - [C.R.S. § 10-20-103 10-20-103. Definitions](https://www.frixlaw.com/law-library/statutes/STATE_CO_T10_A20_S10-20-103.md) - [C.R.S. § 10-20-104 10-20-104. Coverage and limitations - coordination of benefits](https://www.frixlaw.com/law-library/statutes/STATE_CO_T10_A20_S10-20-104.md) - [C.R.S. § 10-20-105 10-20-105. Construction](https://www.frixlaw.com/law-library/statutes/STATE_CO_T10_A20_S10-20-105.md) - [C.R.S. § 10-20-106 10-20-106. Creation of the association](https://www.frixlaw.com/law-library/statutes/STATE_CO_T10_A20_S10-20-106.md) - [C.R.S. § 10-20-107 10-20-107. Board of directors](https://www.frixlaw.com/law-library/statutes/STATE_CO_T10_A20_S10-20-107.md) - [C.R.S. § 10-20-108 10-20-108. Powers and duties of the association](https://www.frixlaw.com/law-library/statutes/STATE_CO_T10_A20_S10-20-108.md) - [C.R.S. § 10-20-109 10-20-109. Assessments](https://www.frixlaw.com/law-library/statutes/STATE_CO_T10_A20_S10-20-109.md) - [C.R.S. § 10-20-110 10-20-110. Plan of operation - rules](https://www.frixlaw.com/law-library/statutes/STATE_CO_T10_A20_S10-20-110.md) - [C.R.S. § 10-20-111 10-20-111. Powers and duties of the commissioner](https://www.frixlaw.com/law-library/statutes/STATE_CO_T10_A20_S10-20-111.md) - [C.R.S. § 10-20-112 10-20-112. Prevention of insolvencies](https://www.frixlaw.com/law-library/statutes/STATE_CO_T10_A20_S10-20-112.md) - [C.R.S. § 10-20-113 10-20-113. Credits for assessments paid - tax offsets](https://www.frixlaw.com/law-library/statutes/STATE_CO_T10_A20_S10-20-113.md) - [C.R.S. § 10-20-114 10-20-114. Miscellaneous provisions - definition](https://www.frixlaw.com/law-library/statutes/STATE_CO_T10_A20_S10-20-114.md) --- Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_CO_T10_A20_S10-20-110. Check the current official text before relying on it. Not legal advice.