§ 10-12-102 — Association to file articles - bylaws

Colorado § 10-12-102

• Jurisdiction: Colorado
• Title 10: Insurance
• Art.: Mutual Insurance

Text

After the articles of
association have been subscribed and acknowledged in the manner provided for
Colorado corporations, a certified copy thereof shall be filed with the commissioner,
who shall obtain the approval of the attorney general and otherwise investigate to
determine whether the association has complied with the provisions of sections 10-12-101 to 10-12-104. The association shall adopt bylaws and prepare applications
and a list of policyholders, all of which, together with any amendments thereto,
shall be filed with the commissioner. The commissioner shall issue a certificate of
authority to an association which in his opinion has complied with the provisions of
sections 10-12-101 to 10-12-104, and, if any provision has not been complied with, the
commissioner shall suspend the certificate of authority until such time as
compliance has been effected.

Legislative History

Source: L. 49: p. 458, � 2. CSA: C. 87, � 91(2). CRS 53: � 72-5-2. C.R.S. 1963: � 72-5-2.