Colorado Statutes
§ 10-3-304 — Depositaries - responsibility
Upon request of the insurer, the
commissioner may designate any solvent trust company or other solvent financial
institution having trust powers domiciled in this state as the commissioner's
depositary to receive and hold any such deposit. Any such deposit so held shall be
at the expense of the insurer. The state of Colorado shall be responsible for the
safekeeping and return of all funds and securities deposited pursuant to this part 3
with the commissioner or in any such depositary so designated by him.
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Legislative History
Source: L. 53: p. 361, � 4. CRS 53: � 72-16-4. C.R.S. 1963: � 72-15-4.
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