# C.R.S. § 10-3-504.5: 10-3-504.5. Application for receivership - penalty

> Colorado · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_CO_T10_A3_P5_S10-3-504.5

## Section

- **Citation:** C.R.S. § 10-3-504.5
- **Heading:** 10-3-504.5. Application for receivership - penalty
- **Jurisdiction:** Colorado
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** CO Code / Title 10 / Article 3 / Part 5 / Section 10-3-504.5

## Text

10-3-504.5. Application for receivership - penalty. No application or proceeding for a receivership of any domestic insurance company shall be made in any court in this state by any person, nor shall any court receive or entertain any such application or proceeding, unless and until such application is approved by the commissioner, and then such application shall be made only by the attorney general of the state. The commissioner shall not give said approval until after the examination and hearing by the commissioner and the attorney general, which shall not be made public, at which the company affected shall be given ample opportunity to submit the facts as to its condition. Any person who violates any provisions of this section commits a class 2 misdemeanor.

## Nearby sections

- [C.R.S. § 10-3-501 10-3-501. Legislative declaration - intents and purposes](https://www.frixlaw.com/law-library/statutes/STATE_CO_T10_A3_P5_S10-3-501.md)
- [C.R.S. § 10-3-502 10-3-502. Definitions](https://www.frixlaw.com/law-library/statutes/STATE_CO_T10_A3_P5_S10-3-502.md)
- [C.R.S. § 10-3-503 10-3-503. Persons covered](https://www.frixlaw.com/law-library/statutes/STATE_CO_T10_A3_P5_S10-3-503.md)
- [C.R.S. § 10-3-504 10-3-504. Jurisdiction - venue](https://www.frixlaw.com/law-library/statutes/STATE_CO_T10_A3_P5_S10-3-504.md)
- [C.R.S. § 10-3-504.5 10-3-504.5. Application for receivership - penalty](https://www.frixlaw.com/law-library/statutes/STATE_CO_T10_A3_P5_S10-3-504.5.md)
- [C.R.S. § 10-3-505 10-3-505. Injunctions - orders](https://www.frixlaw.com/law-library/statutes/STATE_CO_T10_A3_P5_S10-3-505.md)
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- [C.R.S. § 10-3-508 10-3-508. Condition on release from delinquency proceedings](https://www.frixlaw.com/law-library/statutes/STATE_CO_T10_A3_P5_S10-3-508.md)
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- [C.R.S. § 10-3-510 10-3-510. Confidentiality of hearings](https://www.frixlaw.com/law-library/statutes/STATE_CO_T10_A3_P5_S10-3-510.md)
- [C.R.S. § 10-3-511 10-3-511. Grounds for rehabilitation](https://www.frixlaw.com/law-library/statutes/STATE_CO_T10_A3_P5_S10-3-511.md)
- [C.R.S. § 10-3-512 10-3-512. Rehabilitation orders](https://www.frixlaw.com/law-library/statutes/STATE_CO_T10_A3_P5_S10-3-512.md)
- [C.R.S. § 10-3-513 10-3-513. Powers and duties of rehabilitator](https://www.frixlaw.com/law-library/statutes/STATE_CO_T10_A3_P5_S10-3-513.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_CO_T10_A3_P5_S10-3-504.5. Check the current official text before relying on it. Not legal advice.