Colo. Rev. Stat. § 10-3-304

Current through 11/5/2024 election

Section 10-3-304 - Depositaries - responsibility

Upon request of the insurer, the commissioner may designate any solvent trust company or other solvent financial institution having trust powers domiciled in this state as the commissioner's depositary to receive and hold any such deposit. Any such deposit so held shall be at the expense of the insurer. The state of Colorado shall be responsible for the safekeeping and return of all funds and securities deposited pursuant to this part 3 with the commissioner or in any such depositary so designated by him.

C.R.S. § 10-3-304

L. 53: p. 361, § 4. CRS 53: § 72-16-4. C.R.S. 1963: § 72-15-4.

For the deposit and safekeeping of deposits generally, see § 10-3-210.