Colorado Statutes
§ 10-3-404 — Determination of delinquency - procedure
Whenever evidence
exists to the satisfaction of the commissioner that an insurance company has
committed or suffered a delinquency, the commissioner may, upon determination of
delinquency, notify the insurance company of his determination and furnish the
insurance company a written list of requirements to abate his determination, and, if
deemed necessary by the commissioner, he may place the insurance company
under his direct supervision, with written notice to the company that it is so placed
under direct supervision.
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Legislative History
Source: L. 69: p. 545, � 3. C.R.S. 1963: � 72-29-4.
Nearby Sections
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§ 10-1-101
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Definitions§ 10-1-105
Actuary§ 10-1-107
Personal fees prohibited§ 10-1-109
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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
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