Colo. Rev. Stat. § 10-3-236

Current through Acts effective through 6/7/2024 of the 2024 Legislative Session

Section 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.

C.R.S. § 10-3-236

Amended by 2020 Ch. 87,§ 6, eff. 9/14/2020.

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. 1506, p. 1506, § 33, effective July 1. L. 2020: Entire section amended, (HB 20-1136), ch. 352, p. 352, § 6, effective September 14.

(1) Section 10 of chapter 87 (HB 20-1136), Session Laws of Colorado 2020, provides that:

(a) The act changing this section applies to investments made on or after September 14, 2020; and

(b) On or after January 1, 2021, the act changing this section applies to all investments of an insurer.