7 CCR 1101-12-2-1 - Financial Standards
(A) Any
person who operates an Amusement Ride or Device must have currently in force an
insurance policy written by an insurance company authorized to do business in
this state or by a surplus lines insurer, in an amount of not less than
$100,000 per occurrence with a $300,000 annual aggregate for Class A Amusement
Rides and an amount of not less than $1 million per occurrence for Class B
Amusement Rides insuring the Operator against liability for Injury arising out
of the use of the amusement ride.
(B) For governmental entities, insurance or
self-insurance in accordance with
24-10-115 C.R.S. of The
Governmental Immunity Act, or participation in a public entity self-insurance
pool pursuant to
24-10-115.5 C.R.S. of The
Governmental Immunity Act shall be deemed to meet the financial standards of
this section.
Notes
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