Colorado Statutes
§ 10-3-212 — Insolvency or impairment of stock insurance company
A stock
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
outstanding capital stock, and is deemed impaired when its admitted assets are
less than its liabilities, including as a liability the aggregate amount of its
outstanding capital stock, or when its surplus is less than the minimum
requirements of section 10-3-201.
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Legislative History
Source: L. 25: p. 315, � 5. CSA: C. 87, � 46. CRS 53: � 72-2-6. C.R.S. 1963: �
72-2-5. L. 69: p. 544, � 2.
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