Colorado Statutes
§ 10-3-234 — Approval and record of investments
Colorado § 10-3-234
This text of Colorado § 10-3-234 (Approval and record of investments) 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. § 10-3-234 (2026).
Text
(1)No investment, loan, or
sale thereof shall, except as to loans on a life insurance company's policies or
annuity and supplementary contracts, be made by any domestic insurance
company:
(a)Without the advance approval of its board of directors or of a committee
appointed by such board and charged with the duty of making such investments,
loans, or sales or of an officer charged with such duty; or
(b)Unless the transaction is:
(I)Transacted in compliance with a written policy or plan approved by its
board of directors prior to the transaction; and
(II)Ratified by such board or by a committee appointed by such board
charged with the duty of reviewing such investments, loans, and sales at a meeting
held not less than quarterly.
(2)A permanent written record of all such in
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Legislative History
Source: L. 69: p. 498, � 5. C.R.S. 1963: � 72-2-41. L. 2000: Entire section
amended, p. 445, � 1, effective August 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 statesCite This Page — Counsel Stack
Bluebook (online)
Colorado § 10-3-234, Counsel Stack Legal Research, https://law.counselstack.com/statute/co/10/10-3-234.