Colorado § 10-3-202 Surplus ascertained - disposition of

Colorado Statutes

§ 10-3-202 — Surplus ascertained - disposition of

Colorado § 10-3-202

Title 10Insurance

Art.Regulation of Insurance Companies

This text of Colorado § 10-3-202 (Surplus ascertained - disposition of) is published on Counsel Stack Legal Research, covering Colorado primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Colo. Rev. Stat. § 10-3-202 (2026).

Text

Surplus of domestic
insurance companies shall be ascertained by offsetting as a liability against the
company's admitted assets the par value of its outstanding capital stock, if any, its
reserve liability, and its current obligations of every kind. The excess of said
admitted assets over said liabilities shall be the company's surplus. Surplus of
domestic stock insurance companies belongs to their stockholders, and such part
of the surplus may be apportioned or paid to policyholders, beneficiaries, and
annuity and supplementary contract holders as the companies may from time to
time determine.

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Surplus of domestic
insurance companies shall be ascertained by offsetting as a liability against the
company's admitted assets the par value of its outstanding capital stock, if any, its
reserve liability, and its current obligations of every kind. The excess of said
admitted assets over said liabilities shall be the company's surplus. Surplus of
domestic stock insurance companies belongs to their stockholders, and such part
of the surplus may be apportioned or paid to policyholders, beneficiaries, and
annuity and supplementary contract holders as the companies may from time to
time determine.

Legislative History

Source: L. 25: p. 312, � 1. CSA: C. 87, � 42. CRS 53: � 72-2-2. C.R.S. 1963: � 72-2-1. L. 69: p. 491, � 2. L. 2004: Entire section amended, p. 1061, � 7, effective July 1.