Colorado § 10-3-213 Investments eligible as admitted assets

Colorado Statutes

§ 10-3-213 — Investments eligible as admitted assets

Colorado § 10-3-213

Title 10Insurance

Art.Regulation of Insurance Companies

This text of Colorado § 10-3-213 (Investments eligible as admitted assets) 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. § 10-3-213 (2026).

Text

(1)Domestic insurance companies may invest their funds in the categories of assets described in sections 10-3-215 to 10-3-230 and 10-3-242. Every such investment shall be an admitted asset of the company; except that, if the section describing a category of asset contains a quantitative limitation, an investment in that category of asset shall be an admitted asset under that section to the extent that it does not exceed such limitation. Any such limitation shall apply only with respect to the category of assets described in that section and shall not constitute a general prohibition and shall not be applicable to any other section. Except as provided in section 10-3-237, any investment, or part thereof, that does not qualify under any of said sections shall not be an admitted as

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(1) Domestic insurance
companies may invest their funds in the categories of assets described in sections
10-3-215 to 10-3-230 and 10-3-242. Every such investment shall be an admitted
asset of the company; except that, if the section describing a category of asset
contains a quantitative limitation, an investment in that category of asset shall be
an admitted asset under that section to the extent that it does not exceed such
limitation. Any such limitation shall apply only with respect to the category of
assets described in that section and shall not constitute a general prohibition and
shall not be applicable to any other section. Except as provided in section 10-3-237,
any investment, or part thereof, that does not qualify under any of said sections
shall not be an admitted asset under the provisions of this part 2. Except as
specifically provided in this title (except article 15) and article 14 of title 24, C.R.S.,
a domestic insurance company shall not be prohibited from acquiring or holding an
asset that is not an admitted asset, and such company may lend, pledge, sell,
transfer, assign, hypothecate, dispose of, or exchange any asset acquired by it.

(2) Notwithstanding the provisions of subsection (1) of this section, an
insurance company or other regulated entity to whom this section applies shall be
required reasonably to diversify its investments made pursuant to sections 10-3-215
to 10-3-230 and 10-3-242 as to type and issue, and to maintain a sufficient degree
of liquidity based on the nature of the business transacted. The commissioner may
promulgate such reasonable rules and regulations as are necessary to carry out the
provisions of this subsection (2), taking into consideration the standards of the
national association of insurance commissioners. The commissioner may require an
insurer or other regulated entity to show compliance by demonstrating that its
investments are not overly concentrated in any one area, including without
limitation the areas of duration, industry, issuer, or geographic location.

Legislative History

Source: L. 69: p. 491, � 5. C.R.S. 1963: � 72-2-19. L. 85: Entire section amended, p. 380, � 2, effective May 1. L. 92: Entire section amended, p. 1767, � 3, effective March 20; entire section amended, p. 1549, � 40, effective May 20. L. 2004: (1) amended, p. 901, � 16, effective May 21. L. 2012: (1) amended, (HB 12-1266), ch. 280, p. 1505, � 29, effective July 1.