Regulation of Insurance Companies

  1. Law
  2. Colorado Revised Statutes
  3. Insurance
  4. Regulation of Insurance Companies

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Section
10-3-101

Formation of insurance companies.

Section
10-3-102

Purpose of organization or admittance.

Section
10-3-103

Names of companies.

Section
10-3-104

Unauthorized companies - penalties.

Section
10-3-105

Certificate of authority to do business - companies prohibited definitions.

Section
10-3-106

Deemed incorporated under corporation law.

Section
10-3-107

Appointment of registered agent - commissioner agent for service of process.

Section
10-3-108

File duly certified copy of charter.

Section
10-3-109

Reports, statements, assessments, and maintenance of records publication - penalties for late filing, late payment, or failure to maintain.

Section
10-3-110

Remuneration of company officials. (Repealed)

Section
10-3-111

Violations - penalty.

Section
10-3-112

Directors - terms - election - conflicts of interest - recovery of profits.

Section
10-3-113

Increase of capital.

Section
10-3-114

Violations - penalty.

Section
10-3-115

License required of foreign companies. (Repealed)

Section
10-3-116

Sale of stock without license - penalty. (Repealed)

Section
10-3-117

License automatically extended - when.

Section
10-3-118

Reinsurance - conditions - credit for reinsurance. (Repealed)

Section
10-3-119

Application for receivership. (Repealed)

Section
10-3-120

Investments of officers, directors, and principal stockholders.

Section
10-3-121

Regulation of proxies, consents, or authorizations.

Section
10-3-122

Duties of foreign companies.

Section
10-3-123

Assessment accident associations.

Section
10-3-124

Advertisement for insurance - requirement. (Repealed)

Section
10-3-125

Redomestication of foreign insurers.

Section
10-3-126

Alien insurers.

Section
10-3-127

Domicile of nonprofit hospital, medical-surgical, and health services corporations.

Section
10-3-128

Domestic insurer - requirement to maintain offices in this state.

Section
10-3-129

Prohibition - display of social security number - insurance companies.

Section
10-3-130

Certificate of authority application process - tracking compliance with uniform process.

Section
10-3-131

Acts of producers - responsibility of insurer - definitions.

Section
10-3-201

Cash capital - guaranty fund - deposit.

Section
10-3-202

Surplus ascertained - disposition of.

Section
10-3-203

Additional deposits - withdrawals.

Section
10-3-204

Payment of dividends.

Section
10-3-205

Manner of paying surplus.

Section
10-3-206

Security deposits - certificates.

Section
10-3-207

Fees paid by insurance companies.

Section
10-3-207.5

Funding for insurance fraud investigations and prosecutions - creation of fund. (Repealed)

Section
10-3-208

Financial statements.

Section
10-3-209

Tax on premiums collected - exemptions - penalties.

Section
10-3-210

Deposit and safekeeping of securities.

Section
10-3-211

Deposit only admitted assets.

Section
10-3-212

Insolvency or impairment of stock insurance company.

Section
10-3-213

Investments eligible as admitted assets.

Section
10-3-214

Quantitative investment limitations - manner of applying.

Section
10-3-215

Evidences of indebtedness.

Section
10-3-215.5

Investments in medium- and lower-grade obligations.

Section
10-3-216

Mortgage loans.

Section
10-3-217

Federally guaranteed or insured real estate loans.

Section
10-3-218

Real estate for use in company's business.

Section
10-3-219

Real estate acquired in satisfaction of indebtedness.

Section
10-3-220

Real estate for production of income - definition.

Section
10-3-221

Tangible personal property for production of income. (Repealed)

Section
10-3-222

Policy loans. (Repealed)

Section
10-3-223

Accounts in building or savings and loan associations. (Repealed)

Section
10-3-224

Time deposits. (Repealed)

Section
10-3-225

Transportation equipment interests.

Section
10-3-226

Equity interests - definition.

Section
10-3-227

Stock for purpose of reinsurance, consolidation, or merger.

Section
10-3-228

Collateral loans.

Section
10-3-228.5

Securities lending - repurchase - reverse repurchase - dollar roll transactions.

Section
10-3-229

Investments for purposes of compliance in other jurisdictions.

Section
10-3-230

Additional investments.

Section
10-3-231

Valuation of investments.

Section
10-3-232

Liens for certain purposes permitted.

Section
10-3-233

Disposition of certain real estate.

Section
10-3-234

Approval and record of investments.

Section
10-3-235

Certain admitted assets deemed securities for deposit purposes.

Section
10-3-236

Assets acquired through merger, consolidation, or reinsurance. [Editor's note: For the applicability of this section on or after January 1, 2021, see the editor's note following this section.]

Section
10-3-237

Assets acquired under prior law.

Section
10-3-238

Refunds.

Section
10-3-239

Subordinated indebtedness.

Section
10-3-240

Approval of investments.

Section
10-3-241

Prohibited investments. (Repealed)

Section
10-3-242

Qualified money market funds - definition.

Section
10-3-243

Derivative transactions - definitions - restrictions - rules.

Section
10-3-301

Definitions.

Section
10-3-302

Deposits required - when.

Section
10-3-303

Deposits with commissioner.

Section
10-3-304

Depositaries - responsibility.

Section
10-3-305

Rights of depositors.

Section
10-3-306

Release of deposits.

Section
10-3-307

Commissioner order release.

Section
10-3-401

Legislative declaration.

Section
10-3-402

Definitions.

Section
10-3-403

Scope of part 4.

Section
10-3-404

Determination of delinquency - procedure.

Section
10-3-405

Direct supervision.

Section
10-3-406

Protest of finding of delinquency.

Section
10-3-407

Costs of direct supervision.

Section
10-3-408

Conservatorship. (Repealed)

Section
10-3-409

Protest of order of conservatorship. (Repealed)

Section
10-3-410

Costs of conservatorship. (Repealed)

Section
10-3-411

Penalties for noncompliance.

Section
10-3-412

Review of action while under direct supervision.

Section
10-3-413

Appeal from final determination or order of commissioner.

Section
10-3-414

Nondisclosure of reports and evidence during period of direct supervision or conservatorship.

Section
10-3-501

Legislative declaration - intents and purposes.

Section
10-3-502

Definitions.

Section
10-3-503

Persons covered.

Section
10-3-504

Jurisdiction - venue.

Section
10-3-504.5

Application for receivership.

Section
10-3-505

Injunctions - orders.

Section
10-3-506

Cooperation of officers, owners, and employees.

Section
10-3-507

Continuation of delinquency proceedings.

Section
10-3-508

Condition on release from delinquency proceedings.

Section
10-3-509

Court's seizure order.

Section
10-3-510

Confidentiality of hearings.

Section
10-3-511

Grounds for rehabilitation.

Section
10-3-512

Rehabilitation orders.

Section
10-3-513

Powers and duties of rehabilitator.

Section
10-3-514

Actions by and against rehabilitator.

Section
10-3-514.5

Immunity and indemnification of receiver and employees applicability.

Section
10-3-515

Termination of rehabilitation.

Section
10-3-516

Grounds for liquidation.

Section
10-3-517

Liquidation orders.

Section
10-3-518

Continuation of coverage.

Section
10-3-519

Dissolution of insurer.

Section
10-3-520

Powers of liquidator.

Section
10-3-521

Notice to creditors and others.

Section
10-3-522

Duties of agents.

Section
10-3-523

Actions by and against liquidator.

Section
10-3-524

Collection and listing of assets.

Section
10-3-525

Fraudulent transfers prior to petition.

Section
10-3-526

Fraudulent transfer after petition.

Section
10-3-527

Voidable preferences and liens.

Section
10-3-528

Claims of holders of void or voidable rights.

Section
10-3-529

Setoffs - effective date - applicability.

Section
10-3-530

Assessments.

Section
10-3-531

Reinsurers' liability.

Section
10-3-532

Recovery of premiums owed.

Section
10-3-533

Domiciliary liquidator's proposal to distribute assets.

Section
10-3-533.5

Sale of insolvent insurer as a going concern.

Section
10-3-534

Filing of claims.

Section
10-3-535

Proof of claim.

Section
10-3-536

Special claims.

Section
10-3-537

Special provisions for third-party claims.

Section
10-3-538

Disputed claims.

Section
10-3-539

Claims of surety.

Section
10-3-540

Secured creditors' claims.

Section
10-3-540.5

Qualified financial contracts - definitions.

Section
10-3-541

Priority of distribution - definitions.

Section
10-3-542

Liquidator's recommendations to the court.

Section
10-3-543

Distribution of assets.

Section
10-3-544

Unclaimed and withheld funds.

Section
10-3-545

Termination of proceedings.

Section
10-3-546

Reopening liquidation.

Section
10-3-547

Disposition of records during and after termination of liquidation.

Section
10-3-548

External audit of receiver's books.

Section
10-3-549

Conservation of property of foreign or alien insurers found in this state.

Section
10-3-550

Liquidation of property of foreign or alien insurers found in this state.

Section
10-3-551

Domiciliary liquidators in other states.

Section
10-3-552

Ancillary formal proceedings.

Section
10-3-553

Ancillary summary proceedings.

Section
10-3-554

Claims of nonresidents against insurers domiciled in this state.

Section
10-3-555

Claims of residents against insurers domiciled in reciprocal states.

Section
10-3-556

Attachment, garnishment, and levy of execution.

Section
10-3-557

Interstate priorities.

Section
10-3-558

Subordination of claims for noncooperation.

Section
10-3-559

Severability.

Section
10-3-601

Short title.

Section
10-3-602

Exchange of securities.

Section
10-3-603

Acquiring corporation - definition.

Section
10-3-604

Procedure for exchange.

Section
10-3-605

Filing plan of exchange.

Section
10-3-606

Effect of exchange.

Section
10-3-607

Authorized insurance business and regulatory authority.

Section
10-3-608

Domestic company and acquiring corporation separate and distinct entities.

Section
10-3-609

Examination.

Section
10-3-610

Application of this part 6.

Section
10-3-701

Purpose.

Section
10-3-702

Credit allowed to a domestic ceding insurer - rules - definition.

Section
10-3-703

Asset or reduction from liability for reinsurance ceded by a domestic insurer to an assuming insurer not meeting the requirements of section 10-3-702.

Section
10-3-704

Qualified United States financial institutions.

Section
10-3-705

Rules.

Section
10-3-706

Reinsurance agreements affected.

Section
10-3-801

Definitions.

Section
10-3-802

Subsidiaries of insurers.

Section
10-3-803

Acquisition of control of or merger with domestic insurer - definitions.

Section
10-3-803.5

Acquisitions involving insurers not otherwise covered - definitions.

Section
10-3-804

Registration of insurers.

Section
10-3-805

Standards and management of an insurer within an insurance holding company system.

Section
10-3-806

Examination.

Section
10-3-807

Supervisory colleges.

Section
10-3-807.5

Group-wide supervision of internationally active insurance groups information collection - cooperation - rules.

Section
10-3-808

Confidential treatment.

Section
10-3-809

Rules.

Section
10-3-810

Injunctions - prohibitions against voting securities - sequestration of voting securities.

Section
10-3-811

Criminal proceedings - civil penalties - definition.

Section
10-3-812

Receivership.

Section
10-3-813

Revocation, suspension, or nonrenewal of insurer's license.

Section
10-3-814

Judicial review - mandamus.

Section
10-3-815

Recovery of distributions or payments.

Section
10-3-816

Conflict with other laws.

Section
10-3-901

Short title.

Section
10-3-902

Legislative declaration.

Section
10-3-903

Definition of transacting insurance business.

Section
10-3-903.5

Jurisdiction over providers of health care benefits.

Section
10-3-904

Commissioner may enjoin unauthorized company.

Section
10-3-904.5

Emergency cease-and-desist orders - issuance.

Section
10-3-904.6

Emergency cease-and-desist orders - hearings - judicial review violations.

Section
10-3-904.7

Failure to pay penalties or restitution.

Section
10-3-905

Service of process upon unauthorized company.

Section
10-3-906

Validity of insurance contracts - liability under insurance contract.

Section
10-3-907

Investigation and disclosure of insurance contracts.

Section
10-3-908

Reporting of unauthorized insurance.

Section
10-3-909

Unauthorized insurance premium tax.

Section
10-3-910

Application of this part 9.

Section
10-3-1004

Defense of action by unauthorized insurer.

Section
10-3-1005

Attorney fees.

Section
10-3-1101

Legislative declaration.

Section
10-3-1102

Definitions.

Section
10-3-1103

Unfair methods of competition - unfair or deceptive acts or practices prohibited.

Section
10-3-1104

Unfair methods of competition - unfair or deceptive practices.

Section
10-3-1104.5

HIV testing - legislative declaration - definitions - requirements for testing - limitations on disclosure of test results.

Section
10-3-1104.6

Genetic information - limitations on disclosure of information liability - definitions - legislative declaration.

Section
10-3-1104.7

Genetic testing - legislative declaration - definitions - limitations on disclosure of information - liability.

Section
10-3-1104.8

Domestic abuse discrimination - prohibited.

Section
10-3-1105

Favored agent or insurer - coercion of debtors.

Section
10-3-1106

Power of commissioner.

Section
10-3-1107

Hearings.

Section
10-3-1108

Orders.

Section
10-3-1109

Penalty for violation of cease-and-desist orders.

Section
10-3-1110

Rules.

Section
10-3-1111

Provisions of part 11 additional to existing law.

Section
10-3-1112

Immunity from prosecution.

Section
10-3-1113

Information to trier of fact in civil actions.

Section
10-3-1114

Construction of part 11.

Section
10-3-1115

Improper denial of claims - prohibited - definitions - severability.

Section
10-3-1116

Remedies for unreasonable delay or denial of benefits - required contract provision - frivolous actions - severability - rules.

Section
10-3-1117

Required disclosures - liability - definition.

Section
10-3-1118

Failure-to-cooperate defense.

Section
10-3-1201

Legislative declaration.

Section
10-3-1202

Definitions.

Section
10-3-1203

Book-entry system.

Section
10-3-1301

Short title.

Section
10-3-1302

Legislative declaration.

Section
10-3-1303

Definitions.

Section
10-3-1304

Identification of parts.

Section
10-3-1305

Disclosure.

Section
10-3-1306

Unfair and deceptive acts.

Section
10-3-1307

Liability.

Section
10-3-1401

Short title.

Section
10-3-1402

Purpose.

Section
10-3-1403

Authority of commissioner.

Section
10-3-1501

Purpose and scope - applicability - legislative declaration.

Section
10-3-1502

Definitions.

Section
10-3-1503

Risk management framework.

Section
10-3-1505

ORSA summary report.

Section
10-3-1506

Exemption.

Section
10-3-1507

Contents of ORSA summary report.

Section
10-3-1508

Confidentiality.

Section
10-3-1509

Sanctions.

Section
10-3-1510

Rules.

Section
10-3-1601

Purpose and scope - applicability - legislative declaration.

Section
10-3-1602

Definitions.

Section
10-3-1603

Disclosure requirement.

Section
10-3-1604

Contents of corporate governance annual disclosure - rules.

Section
10-3-1605

Confidentiality.

Section
10-3-1606

Retention of third-party consultants - information sharing.

Section
10-3-1607

Sanctions.

Section
10-3-1608

Rules.