Colorado Statutes
§ 10-3-406 — Protest of finding of delinquency
In the event the insurance
company protests the determination of delinquency by the commissioner, the
commissioner shall stay his decision to place the insurance company under direct
supervision and shall give the insurance company not less than fifteen days to show
cause, at a hearing conducted by the commissioner, why such a determination
should not be made. In cases of emergency, the commissioner may allow his
determination of delinquency to stand until the insurance company, under the show
cause order or at the hearing, gives sufficient proof that the commissioner's
determination was erroneous.
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Colorado § 10-3-406 (Protest of finding of delinquency) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Source: L. 69: p. 546, � 3. C.R.S. 1963: � 72-29-6.
Nearby Sections
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§ 10-1-101
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Definitions§ 10-1-105
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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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