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Current as of January 01, 2025 | Updated by Findlaw Staff
(1) No public servant shall, directly or indirectly, require or direct a bidder on any public building or construction contract which is about to be or has been competitively bid to obtain from a particular insurer, agent, or broker any surety bond or contract of insurance required in such bid or contract or required by any law, ordinance, or regulation.
(2) Any such public servant who violates any of the provisions of subsection (1) of this section commits a civil infraction.
(3) Any provisions in invitations to bid or in any contract documents prohibited by this section are declared void as against the public policy of this state.
(4) Nothing in this section shall be construed to prevent any such public servant acting on behalf of the government from exercising the right to approve or reject a surety bond or contract of insurance as to its form or sufficiency or the lack of financial capability of an insurer selected by a bidder.
(5) This section shall apply only to contracts entered into on or after July 1, 1977.
Cite this article: FindLaw.com - Colorado Revised Statutes Title 18. Criminal Code § 18-8-408. Designation of insurer prohibited - last updated January 01, 2025 | https://codes.findlaw.com/co/title-18-criminal-code/co-rev-st-sect-18-8-408/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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