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

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.