Under the direction of the court, the liquidator shall pay distributions in a manner that will assure the proper recognition of priorities and a reasonable balance between the expeditious completion of the liquidation and the protection of unliquidated and undetermined claims, including third party claims. Distribution of assets in kind may be made at valuations set by agreement between the liquidator and the creditor and approved by the court.
Source: L. 92: Entire part R&RE, p. 1477, § 14, effective July 1.
Structure Colorado Code
Article 3 - Regulation of Insurance Companies
Part 5 - Insurers' Rehabilitation and Liquidation
§ 10-3-501. Legislative Declaration - Intents and Purposes
§ 10-3-504. Jurisdiction - Venue
§ 10-3-504.5. Application for Receivership
§ 10-3-504.5. Application for Receivership
§ 10-3-505. Injunctions - Orders
§ 10-3-506. Cooperation of Officers, Owners, and Employees
§ 10-3-507. Continuation of Delinquency Proceedings
§ 10-3-508. Condition on Release From Delinquency Proceedings
§ 10-3-509. Court's Seizure Order
§ 10-3-510. Confidentiality of Hearings
§ 10-3-511. Grounds for Rehabilitation
§ 10-3-512. Rehabilitation Orders
§ 10-3-513. Powers and Duties of Rehabilitator
§ 10-3-514. Actions by and Against Rehabilitator
§ 10-3-514.5. Immunity and Indemnification of Receiver and Employees - Applicability
§ 10-3-515. Termination of Rehabilitation
§ 10-3-516. Grounds for Liquidation
§ 10-3-517. Liquidation Orders
§ 10-3-518. Continuation of Coverage
§ 10-3-519. Dissolution of Insurer
§ 10-3-520. Powers of Liquidator
§ 10-3-521. Notice to Creditors and Others
§ 10-3-523. Actions by and Against Liquidator
§ 10-3-524. Collection and Listing of Assets
§ 10-3-525. Fraudulent Transfers Prior to Petition
§ 10-3-526. Fraudulent Transfer After Petition
§ 10-3-527. Voidable Preferences and Liens
§ 10-3-528. Claims of Holders of Void or Voidable Rights
§ 10-3-529. Setoffs - Effective Date - Applicability
§ 10-3-531. Reinsurers' Liability
§ 10-3-532. Recovery of Premiums Owed
§ 10-3-533. Domiciliary Liquidator's Proposal to Distribute Assets
§ 10-3-533.5. Sale of Insolvent Insurer as a Going Concern
§ 10-3-537. Special Provisions for Third-Party Claims
§ 10-3-540. Secured Creditors' Claims
§ 10-3-540.5. Qualified Financial Contracts - Definitions
§ 10-3-541. Priority of Distribution - Definitions
§ 10-3-542. Liquidator's Recommendations to the Court
§ 10-3-543. Distribution of Assets
§ 10-3-544. Unclaimed and Withheld Funds
§ 10-3-545. Termination of Proceedings
§ 10-3-546. Reopening Liquidation
§ 10-3-547. Disposition of Records During and After Termination of Liquidation
§ 10-3-548. External Audit of Receiver's Books
§ 10-3-549. Conservation of Property of Foreign or Alien Insurers Found in This State
§ 10-3-550. Liquidation of Property of Foreign or Alien Insurers Found in This State
§ 10-3-551. Domiciliary Liquidators in Other States
§ 10-3-552. Ancillary Formal Proceedings
§ 10-3-553. Ancillary Summary Proceedings
§ 10-3-554. Claims of Nonresidents Against Insurers Domiciled in This State
§ 10-3-555. Claims of Residents Against Insurers Domiciled in Reciprocal States
§ 10-3-556. Attachment, Garnishment, and Levy of Execution
§ 10-3-557. Interstate Priorities