A stock insurance company is deemed insolvent when its admitted assets are less than all of its liabilities, excluding from such liabilities the aggregate amount of its outstanding capital stock, and is deemed impaired when its admitted assets are less than its liabilities, including as a liability the aggregate amount of its outstanding capital stock, or when its surplus is less than the minimum requirements of section 10-3-201.
Source: L. 25: p. 315, § 5. CSA: C. 87, § 46. CRS 53: § 72-2-6. C.R.S. 1963: § 72-2-5. L. 69: p. 544, § 2.
Structure Colorado Code
Article 3 - Regulation of Insurance Companies
§ 10-3-201. Cash Capital - Guaranty Fund - Deposit
§ 10-3-202. Surplus Ascertained - Disposition Of
§ 10-3-203. Additional Deposits - Withdrawals
§ 10-3-204. Payment of Dividends
§ 10-3-205. Manner of Paying Surplus
§ 10-3-206. Security Deposits - Certificates
§ 10-3-207. Fees Paid by Insurance Companies
§ 10-3-208. Financial Statements
§ 10-3-209. Tax on Premiums Collected - Exemptions - Penalties
§ 10-3-210. Deposit and Safekeeping of Securities
§ 10-3-211. Deposit Only Admitted Assets
§ 10-3-212. Insolvency or Impairment of Stock Insurance Company
§ 10-3-213. Investments Eligible as Admitted Assets
§ 10-3-214. Quantitative Investment Limitations - Manner of Applying
§ 10-3-215. Evidences of Indebtedness
§ 10-3-215.5. Investments in Medium- and Lower-Grade Obligations
§ 10-3-217. Federally Guaranteed or Insured Real Estate Loans
§ 10-3-218. Real Estate for Use in Company's Business
§ 10-3-219. Real Estate Acquired in Satisfaction of Indebtedness
§ 10-3-220. Real Estate for Production of Income - Definition
§ 10-3-225. Transportation Equipment Interests
§ 10-3-226. Equity Interests - Definition
§ 10-3-227. Stock for Purpose of Reinsurance, Consolidation, or Merger
§ 10-3-228.5. Securities Lending - Repurchase - Reverse Repurchase - Dollar Roll Transactions
§ 10-3-229. Investments for Purposes of Compliance in Other Jurisdictions
§ 10-3-230. Additional Investments
§ 10-3-231. Valuation of Investments
§ 10-3-232. Liens for Certain Purposes Permitted
§ 10-3-233. Disposition of Certain Real Estate
§ 10-3-234. Approval and Record of Investments
§ 10-3-235. Certain Admitted Assets Deemed Securities for Deposit Purposes
§ 10-3-236. Assets Acquired Through Merger, Consolidation, or Reinsurance
§ 10-3-237. Assets Acquired Under Prior Law
§ 10-3-239. Subordinated Indebtedness
§ 10-3-240. Approval of Investments
§ 10-3-242. Qualified Money Market Funds - Definition
§ 10-3-243. Derivative Transactions - Definitions - Restrictions - Rules