Colorado Statutes
§ 10-12-410 — Insolvency or impairment of mutual insurance company
A
mutual insurance company is deemed insolvent when its admitted assets are less
than all of its liabilities, excluding from such liabilities the aggregate amount of its
guaranty fund, and is deemed impaired when its admitted assets are less than its
liabilities, including as a liability the aggregate amount of its guaranty fund, or
when its surplus is less than the minimum requirements of section 10-3-201.
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Legislative History
Source: L. 91: Entire part added, p. 1221, � 1, effective May 24.
Nearby Sections
15
§ 10-1-101
Legislative declaration§ 10-1-102
Definitions§ 10-1-105
Actuary§ 10-1-107
Personal fees prohibited§ 10-1-109
Rules of commissioner§ 10-1-111
Invoking aid of courts§ 10-1-113
No seal required on policies§ 10-1-114
Sale of premium notes prohibited§ 10-1-115
Penalty§ 10-1-116
Defamation of other companies - penalty§ 10-1-117
Company unauthorized in other states