Colorado Statutes
§ 10-3-504.5 — Application for receivership - penalty
Colorado § 10-3-504.5
This text of Colorado § 10-3-504.5 (Application for receivership - penalty) 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. § 10-3-504.5 (2026).
Text
No application or
proceeding for a receivership of any domestic insurance company shall be made in
any court in this state by any person, nor shall any court receive or entertain any
such application or proceeding, unless and until such application is approved by the
commissioner, and then such application shall be made only by the attorney
general of the state. The commissioner shall not give said approval until after the
examination and hearing by the commissioner and the attorney general, which shall
not be made public, at which the company affected shall be given ample
opportunity to submit the facts as to its condition. Any person who violates any
provisions of this section commits a class 2 misdemeanor.
Free access — add to your briefcase to read the full text and ask questions with AI
Legislative History
Source: L. 92: Entire part R&RE, p. 1433, � 14, effective July 1. L. 2021: Entire
section amended, (SB 21-271), ch. 462, p. 3148, � 114, effective March 1, 2022.
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 § 10-3-504.5, Counsel Stack Legal Research, https://law.counselstack.com/statute/co/10/10-3-504.5.