After any acquiring corporation becomes the owner of all the outstanding shares of a domestic company pursuant to a plan of exchange consummated under the provisions of this part 6, the commissioner may, in connection with any examination of the domestic company, examine all records and documents of the acquiring corporation pertaining to the relationships and transactions of the domestic company with the acquiring corporation or its subsidiaries or affiliates. If the acquiring corporation is organized under the laws of any state other than Colorado, the commissioner may, as a condition of approving the plan of exchange, require such acquiring corporation to file a written consent to examination of its records and documents as provided in this section.
Source: L. 69: p. 534, § 9. C.R.S. 1963: § 72-27-9.
Structure Colorado Code
Article 3 - Regulation of Insurance Companies
Part 6 - Exchange of Insurance Securities Act
§ 10-3-602. Exchange of Securities
§ 10-3-603. Acquiring Corporation - Definition
§ 10-3-604. Procedure for Exchange
§ 10-3-605. Filing Plan of Exchange
§ 10-3-606. Effect of Exchange
§ 10-3-607. Authorized Insurance Business and Regulatory Authority
§ 10-3-608. Domestic Company and Acquiring Corporation Separate and Distinct Entities