When the annual statement of an insurance company licensed to do business in this state has been filed and the company's check or cash for the amount of all fees and taxes required has been tendered, the company's license to do business in this state shall be automatically extended until the commissioner refuses to relicense such company, and, when a check or cash for the fee has been tendered by the company for renewal of an agent's license, the license shall automatically be extended until the commissioner refuses to renew the license.
Source: L. 25: p. 316, § 6. CSA: C. 87, § 47. CRS 53: § 72-2-7. C.R.S. 1963: § 72-2-6.
Cross references: For statements generally, see § 10-3-109; for financial statements, see § 10-3-208.
Structure Colorado Code
Article 3 - Regulation of Insurance Companies
§ 10-3-101. Formation of Insurance Companies
§ 10-3-102. Purpose of Organization or Admittance
§ 10-3-103. Names of Companies
§ 10-3-104. Unauthorized Companies - Penalties
§ 10-3-104. Unauthorized Companies - Penalties
§ 10-3-105. Certificate of Authority to Do Business - Companies Prohibited - Definitions
§ 10-3-106. Deemed Incorporated Under Corporation Law
§ 10-3-107. Appointment of Registered Agent - Commissioner Agent for Service of Process
§ 10-3-108. File Duly Certified Copy of Charter
§ 10-3-111. Violations - Penalty
§ 10-3-111. Violations - Penalty
§ 10-3-112. Directors - Terms - Election - Conflicts of Interest - Recovery of Profits
§ 10-3-113. Increase of Capital
§ 10-3-114. Violations - Penalty
§ 10-3-114. Violations - Penalty
§ 10-3-117. License Automatically Extended - When
§ 10-3-120. Investments of Officers, Directors, and Principal Stockholders
§ 10-3-121. Regulation of Proxies, Consents, or Authorizations
§ 10-3-122. Duties of Foreign Companies
§ 10-3-123. Assessment Accident Associations
§ 10-3-125. Redomestication of Foreign Insurers
§ 10-3-127. Domicile of Nonprofit Hospital, Medical-Surgical, and Health Services Corporations
§ 10-3-128. Domestic Insurer - Requirement to Maintain Offices in This State
§ 10-3-129. Prohibition - Display of Social Security Number - Insurance Companies
§ 10-3-130. Certificate of Authority Application Process - Tracking Compliance With Uniform Process
§ 10-3-131. Acts of Producers - Responsibility of Insurer - Definitions