Colorado Statutes
§ 10-3-812 — Receivership
Whenever it appears to the commissioner that any
person has committed a violation of this part 8 that so impairs the financial
condition of a domestic insurer as to threaten insolvency or make the further
transaction of business by it hazardous to its policyholders, creditors, shareholders,
or the public, the commissioner may proceed as provided in part 4 or 5 of this
article.
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Legislative History
Source: L. 2014: Entire part R&RE, (SB 14-152), ch. 312, p. 1352, � 2, effective
July 1.
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