reglab/housing_qa huggingface dataset:
CO Code § 10-3-219 (2021)
2021 Colorado Code|Title 10 - Insurance|Article 3 - Regulation of Insurance Companies|Part 2 - Financial Affairs|§ 10-3-219. Real Estate Acquired in Satisfaction of Indebtedness

  The following shall be admitted assets:   Such real estate as has been mortgaged to the company in good faith, by way of security for loans or for money due it;    Such real estate as is conveyed to the company in good faith in satisfaction of debts previously contracted in the course of its business;    Such real estate as is purchased at sales under execution issued on judgments and decrees based upon debts due, or at foreclosure sales under mortgages or deeds of trust owned or held by the company or obtained by redemption as junior judgment creditor or mortgagee.        History. Source: L. 69: P. 494, § 5. C.R.S. 1963: § 72-2-25. History. Source: L. 69: P. 494, § 5. C.R.S. 1963: § 72-2-25.
CO Code § 10-3-220 (2021)
2021 Colorado Code|Title 10 - Insurance|Article 3 - Regulation of Insurance Companies|Part 2 - Financial Affairs|§ 10-3-220. Real Estate for Production of Income - Definition

  A domestic insurance company may invest in real estate for the production of income, subject to the following provisions:   The aggregate investments by a company which may be admitted assets under this section shall not exceed ten percent of the company's admitted assets.    The investment in any single parcel of real estate which may be an admitted asset under this section shall not exceed five percent of the company's admitted assets.    Real estate qualifying as an admitted asset under section 10-3-218 or 10-3-219 may, at the option of the company, be an admitted asset under this section if such real estate is otherwise eligible under the provisions of this section.         “Real estate”, as used in this section, means real property; interests in real property, such as leaseholds; minerals and oil and gas that have not been severed from the fee interest; and improvements and fixtures located on or in real property.    “Real estate” does not include mineral estates that have been severed from the fee interest.         History. Source: L. 69: P. 494, § 5. C.R.S. 1963: § 72-2-26. L. 2001: (2) amended, p. 281, § 4, effective March 30. L. 2020: (2) amended,(HB 20-1136), ch. 87, p. 350, § 3, effective September 14. History. Source: L. 69: P. 494, § 5. C.R.S. 1963: § 72-2-26. L. 2001: (2) amended, p. 281, § 4, effective March 30. L. 2020: (2) amended,(HB 20-1136), ch. 87, p. 350, § 3, effective September 14.
CO Code § 10-3-225 (2021)
2021 Colorado Code|Title 10 - Insurance|Article 3 - Regulation of Insurance Companies|Part 2 - Financial Affairs|§ 10-3-225. Transportation Equipment Interests

 Domestic insurance companies may invest in equipment trust obligations or certificates which are adequately secured, or in other adequately secured instruments evidencing an interest in transportation equipment wholly or in part within the United States, and the right to receive determined portions of rental, purchase, or other fixed obligatory payments for the use or purchase of such transportation equipment; but the aggregate investments by a company which may be admitted assets under this section shall not exceed ten percent of the company's admitted assets, and the investment in the obligations or certificates of or in relation to any one transportation company, which may be admitted assets under this section, shall not exceed two percent of the investing company's admitted assets.   History. Source: L. 69: P. 495, § 5. C.R.S. 1963: § 72-2-31. History. Source: L. 69: P. 495, § 5. C.R.S. 1963: § 72-2-31.
CO Code § 10-3-227 (2021)
2021 Colorado Code|Title 10 - Insurance|Article 3 - Regulation of Insurance Companies|Part 2 - Financial Affairs|§ 10-3-227. Stock for Purpose of Reinsurance, Consolidation, or Merger

  Domestic insurance companies may invest in stock in any other insurance company authorized to do a similar business to that of the investing company, subject to the following provisions:   No greater amount shall be applied to the acquisition of such stock than the investing company's capital and surplus in excess of the minimum required by law; except that, the commissioner may, by written order prior to such acquisition, permit the application of a greater amount thereto.    A reinsurance, consolidation, or merger between the investing company and such other insurance company shall be effected within two years of the acquisition of such stock or within such extension of such period as may be granted by the commissioner.        History. Source: L. 69: P. 496, § 5. C.R.S. 1963: § 72-2-34. History. Source: L. 69: P. 496, § 5. C.R.S. 1963: § 72-2-34.
CO Code § 10-3-228 (2021)
2021 Colorado Code|Title 10 - Insurance|Article 3 - Regulation of Insurance Companies|Part 2 - Financial Affairs|§ 10-3-228. Collateral Loans

  Domestic insurance companies may invest in collateral loans secured by the pledge of any one or more investments allowed for collateral loans, as provided by nationally recognized insurance statutory accounting principles, subject to the following provisions:   The collateral pledged shall be legally assignable and validly assigned to the lending company.    As at date made, no such loan shall exceed in amount seventy-five percent of the value of the collateral pledged.    At no time shall the admitted value of a collateral loan be in excess of the actual market value of the collateral pledged.    If any of the collateral pledged and taken into account to qualify a loan as an admitted asset under this section is of a category which, if invested in directly, would be subject to a limitation expressed as a percentage of the investing company's admitted assets, then, for the purpose of such limitation, so much of the loan as is so qualified by such collateral will be deemed to be a direct investment in such category.    No loan shall qualify as an admitted asset under this section unless limited to a term not exceeding five years or, if less, the maturity date, if any, of any of the collateral taken into account in qualifying the loan as an admitted asset under this section.        History. Source: L. 69: P. 496, § 5. C.R.S. 1963: § 72-2-35. L. 2002: IP(1) amended, p. 1012, § 5, effective June 1. L. 2004: IP(1) amended, p. 1063, § 10, effective July 1. History. Source: L. 69: P. 496, § 5. C.R.S. 1963: § 72-2-35. L. 2002: IP(1) amended, p. 1012, § 5, effective June 1. L. 2004: IP(1) amended, p. 1063, § 10, effective July 1.
CO Code § 10-3-229 (2021)
2021 Colorado Code|Title 10 - Insurance|Article 3 - Regulation of Insurance Companies|Part 2 - Financial Affairs|§ 10-3-229. Investments for Purposes of Compliance in Other Jurisdictions

 Admitted assets shall consist of such other securities and investments as may be necessary to comply with the laws or the departmental rules of other states or nations in which the company may do business.   History. Source: L. 69: P. 497, § 5. C.R.S. 1963: § 72-2-36. History. Source: L. 69: P. 497, § 5. C.R.S. 1963: § 72-2-36.
CO Code § 10-3-232 (2021)
2021 Colorado Code|Title 10 - Insurance|Article 3 - Regulation of Insurance Companies|Part 2 - Financial Affairs|§ 10-3-232. Liens for Certain Purposes Permitted

 For the purposes of section 10-3-216 , the existence of any lien existing by law, for the payment of any bonds, indebtedness, or assessments of, or created by a levy of, any special improvement district, any tunnel district, any conservation district, any irrigation district, any other district or territory, any municipality or quasi-municipality, or any state in which any real estate is situated, or by the United States, shall not prevent mortgages, trust deeds, or other encumbrances upon such real estate, if otherwise first liens, from being admitted assets of domestic insurance companies, if the property securing such mortgage, deed of trust, or other encumbrance is not delinquent in the payment of any installment or interest upon any such bonds, indebtedness, or assessments at the time such real estate loan is made.   History. Source: L. 69: P. 498, § 5. C.R.S. 1963: § 72-2-39. History. Source: L. 69: P. 498, § 5. C.R.S. 1963: § 72-2-39.
CO Code § 10-3-233 (2021)
2021 Colorado Code|Title 10 - Insurance|Article 3 - Regulation of Insurance Companies|Part 2 - Financial Affairs|§ 10-3-233. Disposition of Certain Real Estate

 Any parcel of real estate qualifying as an admitted asset under section 10-3-218 or 10-3-219 at the time of its acquisition by the company and which has not been transferred to qualification as an admitted asset under any other section of this part 2 shall be sold within five years after such acquisition or within five years after its use for the accommodation of the company's business has entirely ceased, whichever is later, unless the company procures a certificate from the commissioner that the company's interests will suffer by such a sale, in which event the time may be extended as the commissioner shall direct in such certificate.   History. Source: L. 69: P. 498, § 5. C.R.S. 1963: § 72-2-40. L. 81: Entire section amended, p. 530, § 8, effective July 1. History. Source: L. 69: P. 498, § 5. C.R.S. 1963: § 72-2-40. L. 81: Entire section amended, p. 530, § 8, effective July 1.
CO Code § 10-3-234 (2021)
2021 Colorado Code|Title 10 - Insurance|Article 3 - Regulation of Insurance Companies|Part 2 - Financial Affairs|§ 10-3-234. Approval and Record of Investments

  No investment, loan, or sale thereof shall, except as to loans on a life insurance company's policies or annuity and supplementary contracts, be made by any domestic insurance company:   Without the advance approval of its board of directors or of a committee appointed by such board and charged with the duty of making such investments, loans, or sales or of an officer charged with such duty; or    Unless the transaction is:   Transacted in compliance with a written policy or plan approved by its board of directors prior to the transaction; and    Ratified by such board or by a committee appointed by such board charged with the duty of reviewing such investments, loans, and sales at a meeting held not less than quarterly.          A permanent written record of all such investments, loans, and sales shall be maintained by the company.     History. Source: L. 69: P. 498, § 5. C.R.S. 1963: § 72-2-41. L. 2000: Entire section amended, p. 445, § 1, effective August 2. History. Source: L. 69: P. 498, § 5. C.R.S. 1963: § 72-2-41. L. 2000: Entire section amended, p. 445, § 1, effective August 2.
CO Code § 10-3-235 (2021)
2021 Colorado Code|Title 10 - Insurance|Article 3 - Regulation of Insurance Companies|Part 2 - Financial Affairs|§ 10-3-235. Certain Admitted Assets Deemed Securities for Deposit Purposes

  For purposes of the minimum capital or guaranty fund deposit required by section 10-3-201, the following admitted assets shall be deemed to be securities eligible for such deposit: Any asset qualified as an admitted asset under sections 10-3-215 to 10-3-217 and 10-3-225.    For purposes of optional reserve deposits permitted by section 10-7-101 (3) or other deposits permitted but not required by this title (except article 15) and article 14 of title 24, C.R.S., the following admitted assets, in addition to those referred to in subsection (1) of this section, shall be deemed to be securities eligible for such deposits: Any asset qualified as an admitted asset under section 10-3-220 or 10-3-226 to 10-3-228, and any life insurance policy, to the extent of the company's interest in the cash value thereof.    If a company deposits the stock of a wholly owned insurance subsidiary with the commissioner as an optional reserve deposit, the value of such stock for purposes of such deposit shall be reduced by the value of any cash or securities owned by the subsidiary and on deposit with the commissioner or with the duly authorized officer in any other jurisdiction as a deposit of the subsidiary required or permitted by law.    For purposes of all deposits required or permitted by this title (except article 15) and article 14 of title 24, C.R.S., assets shall be valued at their fair market value; except that, for purposes of optional reserve deposits permitted by section 10-7-101 (3), or other deposits permitted but not required by said references, bonds and mortgages shall be valued at their current book values under the methods used in determining admitted asset values for annual statement purposes.     History. Source: L. 69: P. 499, § 5. C.R.S. 1963: § 72-2-42. L. 92: (2) and (4) amended, p. 1550, § 43, effective May 20. L. 2002: (1) and (2) amended, p. 1013, § 7, effective June 1. L. 2004: (2) and (4) amended, p. 901, § 18, effective May 21. L. 2012: (2) and (4) amended,(HB 12-1266), ch. 280, p. 1506, § 32, effective July 1. History. Source: L. 69: P. 499, § 5. C.R.S. 1963: § 72-2-42. L. 92: (2) and (4) amended, p. 1550, § 43, effective May 20. L. 2002: (1) and (2) amended, p. 1013, § 7, effective June 1. L. 2004: (2) and (4) amended, p. 901, § 18, effective May 21. L. 2012: (2) and (4) amended,(HB 12-1266), ch. 280, p. 1506, § 32, effective July 1.
CO Code § 10-3-236 (2021)
2021 Colorado Code|Title 10 - Insurance|Article 3 - Regulation of Insurance Companies|Part 2 - Financial Affairs|§ 10-3-236. Assets Acquired Through Merger, Consolidation, or Reinsurance

 Any investments acquired through merger, consolidation, or reinsurance that are not admitted assets under this title 10, other than article 15 of this title 10, and article 14 of title 24 are not deemed admitted assets by reason of their acquisition through merger, consolidation, or reinsurance.   History. Source: L. 69: P. 499, § 5. C.R.S. 1963: § 72-2-43. L. 92: Entire section amended, p. 1551, § 44, effective May 20. L. 2004: Entire section amended, p. 902, § 19, effective May 21. L. 2012: Entire section amended,(HB 12-1266), ch. 280, p. 1506, § 33, effective July 1. L. 2020: Entire section amended,(HB 20-1136), ch. 87, p. 352, § 6, effective September 14. History. Source: L. 69: P. 499, § 5. C.R.S. 1963: § 72-2-43. L. 92: Entire section amended, p. 1551, § 44, effective May 20. L. 2004: Entire section amended, p. 902, § 19, effective May 21. L. 2012: Entire section amended,(HB 12-1266), ch. 280, p. 1506, § 33, effective July 1. L. 2020: Entire section amended,(HB 20-1136), ch. 87, p. 352, § 6, effective September 14.
CO Code § 10-3-238 (2021)
2021 Colorado Code|Title 10 - Insurance|Article 3 - Regulation of Insurance Companies|Part 2 - Financial Affairs|§ 10-3-238. Refunds

 Whenever it appears to the satisfaction of the commissioner that, because of some mistake of fact, error in calculation, or erroneous interpretation of a statute of this or any other state, any insurer or other person engaged in the business of insurance in this state has paid to the commissioner or to the state of Colorado, pursuant to any provision of this title (except article 15) and article 14 of title 24, C.R.S., any taxes, fees, or other charges in excess of the amount legally chargeable against said insurer or other person during the one-year period immediately preceding the discovery of such overpayment, the commissioner has the authority to refund to such insurer or other person the amount of such excess by applying the amount thereof toward the payment of taxes, fees, or other charges already due, or that may thereafter become due, from such insurer or other person until such excess has been fully refunded; or, at the commissioner's discretion, the commissioner may make a cash refund thereof.   History. Source: L. 71: P. 704, § 1. C.R.S. 1963: § 72-1-63. L. 92: Entire section amended, p. 1551, § 46, effective May 20. L. 2004: Entire section amended, p. 902, § 20, effective May 21. L. 2012: Entire section amended,(HB 12-1266), ch. 280, p. 1507, § 35, effective July 1. History. Source: L. 71: P. 704, § 1. C.R.S. 1963: § 72-1-63. L. 92: Entire section amended, p. 1551, § 46, effective May 20. L. 2004: Entire section amended, p. 902, § 20, effective May 21. L. 2012: Entire section amended,(HB 12-1266), ch. 280, p. 1507, § 35, effective July 1.
CO Code § 10-3-239 (2021)
2021 Colorado Code|Title 10 - Insurance|Article 3 - Regulation of Insurance Companies|Part 2 - Financial Affairs|§ 10-3-239. Subordinated Indebtedness

 Domestic insurance companies may borrow and thereby assume a liability for the repayment of a sum of money upon a written agreement that the loan or advance with interest shall be repaid only out of surplus of the company in excess of such minimum surplus as is stipulated in and by the agreement. The agreement shall first be submitted to and approved by the commissioner. Repayment of principal or payment of interest may be made only with the approval of the commissioner when he is satisfied that the financial condition of the company warrants such action, but such approval may not be withheld if the company has and submits satisfactory evidence of surplus of not less than the amount stipulated in the repayment of principal or interest clause of the agreement. No loan or advance made under the provisions of this section or interest accruing thereon shall form a part of the legal liabilities of the company until authorized for payment by the commissioner, but, until such authorization, all statements published by the company or filed with the commissioner shall show the amount thereof then remaining as a special surplus account. Nothing in this section shall be construed to mean that a company may not otherwise borrow money, but the amount so borrowed with accrued interest thereon shall be carried by the company as a liability.   History. Source: L. 73: P. 837, § 1. C.R.S. 1963: § 72-1-66. History. Source: L. 73: P. 837, § 1. C.R.S. 1963: § 72-1-66.    Cross references:   For financial statements that must be filed, see § 10-3-208 .
CO Code § 10-3-240 (2021)
2021 Colorado Code|Title 10 - Insurance|Article 3 - Regulation of Insurance Companies|Part 2 - Financial Affairs|§ 10-3-240. Approval of Investments

  Except for investments made under sections 10-3-802 and 10-7-402, a domestic insurance company shall not, directly or indirectly, invest more than two percent of the company's admitted assets in stocks, bonds, debentures, notes, or other securities of its affiliates, as defined in section 10-3-801, without the prior approval of the commissioner.    Notwithstanding the provisions of subsection (1) of this section, the commissioner may, upon written notice, require a domestic insurance company to obtain his prior approval for all investments in its affiliates if, based on past transactions of the insurance company, he determines that such investments might render the company's operation hazardous, or its condition unsound, to the public or its policyholders.    Any domestic insurance company proposing to make an investment subject to approval under subsection (1) or (2) of this section shall give written notice thereof to the commissioner. If the commissioner has not approved or disapproved such investment within thirty days after receipt of such notice, the investment shall be deemed approved at the end of such thirty-day period.     History. Source: L. 75: Entire section added, p. 337, § 5, effective July 1. L. 2020: (1) amended,(HB 20-1136), ch. 87, p. 353, § 8, effective September 14.
CO Code § 10-3-242 (2021)
2021 Colorado Code|Title 10 - Insurance|Article 3 - Regulation of Insurance Companies|Part 2 - Financial Affairs|§ 10-3-242. Qualified Money Market Funds - Definition

  As used in this section, “qualified money market fund” means a mutual fund that complies with 17 CFR 270.2a-7, as amended, and that is registered under the federal “Investment Company Act of 1940”, 15 U.S.C. sec. 80a-1 et seq., as amended. A domestic insurance company may invest in the shares of any one or more qualified money market funds subject to the following limitations:     A domestic insurance company may invest in qualified money market funds that, at the time the investment is made, are either: (a) (I) A domestic insurance company may invest in qualified money market funds that, at the time the investment is made, are either:   Qualified money market funds that invest only in obligations issued, guaranteed, or insured by the federal government of the United States or in collateralized repurchase agreements composed of these obligations, and that qualify for investment without a reserve under the purposes and procedures manual of the securities valuation office of the National Association of Insurance Commissioners; or    Qualified money market funds that qualify for investment using the bond class one reserve factor under the purposes and procedures manual of the securities valuation office of the National Association of Insurance Commissioners.       Investments in the shares of any one qualified money market fund qualifying under this subsection (1)(a) must not exceed ten percent of the domestic insurance company's total admitted assets.       Investments in shares of any one qualified money market fund not qualified under subsection (1)(a) of this section must not exceed five percent of the domestic insurance company's total admitted assets. The aggregate value of all shares that may be admitted assets under this subsection (1)(b) must not exceed ten percent of the company's total admitted assets.    At the time of an investment in a qualified money market fund under this section, the aggregate value of a domestic insurance company's investment in the fund must not exceed five percent of the shares of the fund.       to (4)(Deleted by amendment,L. 2000, p. 1731, § 5, effective August 15, 2000.)      History. Source: L. 85: Entire section added, p. 379, § 1, effective May 1. L. 96: (1) amended, p. 555, § 4, effective April 24. L. 2000: Entire section amended, p. 1731, § 5, effective August 15. L. 2020: (1) amended,(HB 20-1136), ch. 87, p. 353, § 9, effective September 14.
CO Code § 10-3-301 (2021)
2021 Colorado Code|Title 10 - Insurance|Article 3 - Regulation of Insurance Companies|Part 3 - Uniform Guaranty Deposits|§ 10-3-301. Definitions

 As used in this part 3, unless the context otherwise requires:    “Alien insurer” means any insurer incorporated or organized under the laws of any country other than the United States.    “Domestic insurer” means any insurer incorporated or organized under the laws of this state.    “Foreign insurer” means any insurer incorporated or organized under the laws of any state, as defined in this section, other than this state.    “Insurer” means any insurance company except a life insurance company and includes any reciprocal or interinsurance exchange.    “Policyholders” means claimants under the insurer's policies, claimants having claims which arise under or by reason of the insurer's policies, and obligees under its surety contracts.    “State” means any state of the United States, the Commonwealth of Puerto Rico, and the District of Columbia.    “United States” means the states of the United States, the Commonwealth of Puerto Rico, and the District of Columbia.     History. Source: L. 53: P. 360, § 1. CRS 53: § 72-16-1. C.R.S. 1963: § 72-15-1. History. Source: L. 53: P. 360, § 1. CRS 53: § 72-16-1. C.R.S. 1963: § 72-15-1.