If a dividing insurer does not survive a division, a shareholder of the dividing insurer is entitled to appraisal rights and to obtain payment of the fair value of the shareholder's shares in the same manner and to the extent provided for a corporation as a party to a merger pursuant to section 7-113-102.
Source: L. 2021: Entire part added, (HB 21-1013), ch. 144, p. 855, § 1, effective September 7.
Structure Colorado Code
Article 3 - Regulation of Insurance Companies
Part 17 - Domestic Stock Insurer Division
§ 10-3-1702. Plan of Division - General Requirements
§ 10-3-1703. Plan of Division - Dividing Insurer to Survive Division
§ 10-3-1704. Plan of Division - Dividing Insurer to Not Survive Division
§ 10-3-1705. Amending Plan of Division
§ 10-3-1706. Abandoning Plan of Division
§ 10-3-1707. Approval of Plan of Division - Articles of Incorporation and Bylaws
§ 10-3-1708. Commissioner Approval of Plan of Division
§ 10-3-1709. Confidentiality - Records
§ 10-3-1710. Certificate of Division
§ 10-3-1711. After Division Is Effective
§ 10-3-1712. Resulting Insurers' Liability for Allocated Assets and Debts
§ 10-3-1713. Shareholder Appraisal Rights
§ 10-3-1715. Enforcement by Commissioner
§ 10-3-1716. Merger or Consolidation Effective With Division