Whenever it appears to the commissioner that any person has committed a violation of this part 8 that so impairs the financial condition of a domestic insurer as to threaten insolvency or make the further transaction of business by it hazardous to its policyholders, creditors, shareholders, or the public, the commissioner may proceed as provided in part 4 or 5 of this article.
Source: L. 2014: Entire part R&RE, (SB 14-152), ch. 312, p. 1352, § 2, effective July 1.
Editor's note: This section is similar to former § 10-3-811 as it existed prior to 2014.
Structure Colorado Code
Article 3 - Regulation of Insurance Companies
Part 8 - Insurance Holding Company Systems
§ 10-3-802. Subsidiaries of Insurers
§ 10-3-803. Acquisition of Control of or Merger With Domestic Insurer - Definitions
§ 10-3-803.5. Acquisitions Involving Insurers Not Otherwise Covered - Definitions
§ 10-3-804. Registration of Insurers
§ 10-3-805. Standards and Management of an Insurer Within an Insurance Holding Company System
§ 10-3-807. Supervisory Colleges
§ 10-3-808. Confidential Treatment
§ 10-3-811. Criminal Proceedings - Civil Penalties - Definition
§ 10-3-813. Revocation, Suspension, or Nonrenewal of Insurer's License
§ 10-3-814. Judicial Review - Mandamus