Colorado Statutes
§ 10-3-306 — Release of deposits
(1)Any deposit made in this state under this
part 3 shall be released and returned:
(a)To the insurer upon extinguishment by reinsurance or otherwise of all
liability of the insurer for the security of which the deposit is held; or
(b)To the insurer to the extent such deposit is in excess of the amount
required; or
(c)Upon proper order of a court of competent jurisdiction to the receiver,
conservator, rehabilitator, liquidator of the insurer, or any other properly designated
official who succeeds to the management and control of the insurer's assets.
Free access — add to your briefcase to read the full text and ask questions with AI
Colorado § 10-3-306 (Release of deposits) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Source: L. 53: p. 362, � 6. CRS 53: � 72-16-6. C.R.S. 1963: � 72-15-6.
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