I don't know of an index codominance applied to insects. I carried out some searches on Google Scholar, but not found anything. Could someone please suggest some articles?
Perhaps you would like to provide a little more context to your question. Codominance is a term usually used in genetics, where two distinct alleles for a gene are expressed.
If you're interested about co-dominance of insect species in a community, i.e. two or more species that are equally dominant in a biotic community, the standard beta-diversity indices based on dominance and evenness would be the best bet to answer your research question. *i'm assuming you're doing a comparative communities between sites*
Simpson's index of dominance [p
2 ∗ n/(n − 1)] is perhaps one of the easiest to calculate. Simpson's is typically used as diversity index in with the formula [1 - p
2 ∗ n/(n − 1)], which is essentially the inverse of the index of dominance.
Other indices worth considering would be Shannon-Weiner, Hill's number,
Personally, I wouldn't calculate indices directly. Species-abundance curves and models would probably do a better job to describe the community, and provide better exploration potential for other more appropriate analyses.