Colorado § 10-4-414 Examinations

Colorado Statutes

§ 10-4-414 — Examinations

Colorado·Title 10 Insurance·Art. Property and Casualty Insurance

(1)Repealed.

(2)The commissioner may, at any reasonable time, make or cause to be made an examination of every admitted insurer transacting any class of insurance to which the provisions of this part 4 are applicable to ascertain whether such insurer and every rate and rating system used by it for every such class of insurance complies with the requirements and standards of this title applicable thereto. Such examination need not be a part of a periodic general examination participated in by representatives of more than one state.

(3)The officers, managers, agents, and employees of any such organization, group, association, or insurer may be examined at any time under oath and shall exhibit all books, records, accounts, documents, or agreements governing its method of operati

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(1) Repealed.

(2) The commissioner may, at any reasonable time, make or cause to be
made an examination of every admitted insurer transacting any class of insurance
to which the provisions of this part 4 are applicable to ascertain whether such
insurer and every rate and rating system used by it for every such class of
insurance complies with the requirements and standards of this title applicable
thereto. Such examination need not be a part of a periodic general examination
participated in by representatives of more than one state.

(3) The officers, managers, agents, and employees of any such organization,
group, association, or insurer may be examined at any time under oath and shall
exhibit all books, records, accounts, documents, or agreements governing its
method of operation, together with all data, statistics, and information of every kind
and character collected or considered by such organization, group, association, or
insurer in the conduct of the operations to which such examination relates.

(4) The commissioner may conduct such examination on the basis of concern
for an insurer's solvency or the complaint of a person claiming to be aggrieved or to
ascertain compliance by insurers and rating organizations with the requirements of
this part 4.

(5) Filed reports on examinations shall be available for public inspection at
the division of insurance.

(6) This section shall not apply to insurers providing coverage for exempt
commercial policyholders, as defined pursuant to section 10-4-1402 and rules
adopted by the commissioner pursuant to that section.

Colorado § 10-4-414 (Examinations) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

Source: L. 79: Entire part R&RE, p. 372, � 8, effective July 1. L. 99: (6) added, p. 387, � 5, effective January 15, 2000. L. 2004: (1) repealed, p. 1063, � 13, effective July 1.