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Colo. Rev. Stat. § 10-3-402 Definitions
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All terms defined in section 10-1-102 shall have the same meaning in this part 4. As used in this part 4, unless the context otherwise requires: (1) (Deleted by amendment, L. 92, p. 1425, § 6, effective July 1, 1992.) (2) "Delinquency" means any act, omission, or condition, or co…
Colo. Rev. Stat. § 10-3-403 Scope of part 4
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In addition to, and not to the exclusion of, any remedies or powers otherwise available to him, the commissioner may elect to take action against any insurance company formed or incorporated under the laws of this state or doing business in this state, whether authorized or not, …
Colo. Rev. Stat. § 10-3-404 Determination of delinquency - procedure
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Whenever evidence exists to the satisfaction of the commissioner that an insurance company has committed or suffered a delinquency, the commissioner may, upon determination of delinquency, notify the insurance company of his determination and furnish the insurance company a writt…
Colo. Rev. Stat. § 10-3-405 Direct supervision
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(1) Any insurance company placed under direct supervision shall remain under direct supervision until all delinquencies are remedied, or until the commissioner deems such direct supervision no longer is necessary or desirable. During the period of direct supervision, the commissi…