Statutes, codes, and regulations
Colorado Revised Statutes
Title 10 - INSURANCEREGULATION OF INSURANCE COMPANIESArticle 3 - REGULATION OF INSURANCE COMPANIES
Part 2 - FINANCIAL AFFAIRS
Section 10-3-202 - Surplus ascertained - disposition of

Colo. Rev. Stat. § 10-3-202

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Current through 11/5/2024 election
Section 10-3-202 - Surplus ascertained - disposition of

Surplus of domestic insurance companies shall be ascertained by offsetting as a liability against the company's admitted assets the par value of its outstanding capital stock, if any, its reserve liability, and its current obligations of every kind. The excess of said admitted assets over said liabilities shall be the company's surplus. Surplus of domestic stock insurance companies belongs to their stockholders, and such part of the surplus may be apportioned or paid to policyholders, beneficiaries, and annuity and supplementary contract holders as the companies may from time to time determine.

C.R.S. § 10-3-202

L. 25: p. 312, § 1. CSA: C. 87, § 42. CRS 53: § 72-2-2. C.R.S. 1963: § 72-2-1. L. 69: p. 491, § 2. L. 2004: Entire section amended, p. 1061, § 7, effective July 1.