(1) Upon exhausting all means of administrative appeal provided in this part 4, or in case the commissioner, under section 10-3-406, refuses to stay his order or determination pending the show cause order and hearing, the insurance company aggrieved by such determination or order may avail itself of the following procedure of appeal and none other:
The insurance company shall file a petition setting forth its particular objection to theorder or determination in the district court in and for the city and county of Denver, and not elsewhere, against the commissioner as defendant. Said action shall have precedence over all other cases on the docket of a different nature. The action shall not be limited to questions of law but shall be tried and determined upon a trial de novo.
Either party to said action may appeal to the appellate court having jurisdiction ofsaid cause of action, and said appeal shall have precedence in the appellate court over all causes of action of a different character pending in the appellate court.
(2) The commissioner is not required to give any appeal bond in any cause arising under this section.
Source: L. 69: p. 547, § 3. C.R.S. 1963: § 72-29-13. L. 92: IP(1) amended, p. 1428, § 13, effective July 1.