Any investment of a title insurance company lawfully acquired before July 1, 1969, and which but for this section would be considered ineligible as an investment on such date shall be disposed of within five years from such date. The commissioner, upon application and proof that forced sale of any such investment would be contrary to the best interests of the title insurance company and its policyholders, may extend the period for sale or disposal of such investment for a further reasonable time, in no event to exceed three years.
Source: L. 69: p. 525, § 1. C.R.S. 1963: § 72-26-15.
Structure Colorado Code
§ 10-11-103. Compliance With Article Required
§ 10-11-104. Corporate Form Required
§ 10-11-105. Financial Requirements Prior to This Article
§ 10-11-106. Determination of Insurability Required
§ 10-11-109. Unearned Premium Reserve
§ 10-11-110. Amount of Unearned Premium Reserve - Release
§ 10-11-111. Reserve for Unpaid Losses and Loss Expense
§ 10-11-112. Net Retained Liability
§ 10-11-113. Power to Reinsure
§ 10-11-114. Legal Investments and Admitted Assets
§ 10-11-115. Prior Investments
§ 10-11-116. Title Insurance Agents Licensed
§ 10-11-117. Title Insurance Agents - Certain Names Prohibited
§ 10-11-118. Title Insurance - Rules
§ 10-11-120. Corporate Existence Preserved
§ 10-11-121. Application of Article - Other Laws Applicable
§ 10-11-122. Title Commitments - Rules
§ 10-11-123. Notification of Severed Mineral Estates
§ 10-11-125. Fees, Salaries, Compensation, or Other Payments
§ 10-11-126. Affiliated Business Arrangements - Enforcement - Penalties