At any time during the period of direct supervision, or at any time pending abatement of the commissioner's determination of delinquency, the insurance company may request the commissioner, or his duly appointed deputy, to review an action taken or proposed to be taken by the direct supervisor, specifying in what manner the action complained of is believed not to be in the best interests of the insurance company. The insurance company shall be entitled to a hearing on such a request, if desired by the company.
Source: L. 69: p. 547, § 3. C.R.S. 1963: § 72-29-12. L. 92: Entire section amended, p. 1427, § 12, effective July 1.
Structure Colorado Code
Article 3 - Regulation of Insurance Companies
§ 10-3-401. Legislative Declaration
§ 10-3-404. Determination of Delinquency - Procedure
§ 10-3-405. Direct Supervision
§ 10-3-406. Protest of Finding of Delinquency
§ 10-3-407. Costs of Direct Supervision
§ 10-3-411. Penalties for Noncompliance
§ 10-3-411. Penalties for Noncompliance
§ 10-3-412. Review of Action While Under Direct Supervision
§ 10-3-413. Appeal From Final Determination or Order of Commissioner