# C.R.S. § 10-3-508: 10-3-508. Condition on release from delinquency proceedings

> Colorado · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_CO_T10_A3_P5_S10-3-508

## Section

- **Citation:** C.R.S. § 10-3-508
- **Heading:** 10-3-508. Condition on release from delinquency proceedings
- **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 10-3-508

## Text

10-3-508. Condition on release from delinquency proceedings. (1) No insurer subject to any delinquency proceedings, whether formal, informal, administrative, or judicial, shall:

(a) Be released from such proceeding, unless such proceeding is converted into a judicial rehabilitation or liquidation proceeding;

(b) Be permitted to solicit or accept new business or request or accept the restoration of any suspended or revoked license or certificate of authority;

(c) Be returned to the control of its shareholders or private management; or

(d) Have any of its assets returned to the control of its shareholders or private management until all payments of or on account of the insurer's contractual obligations by all guaranty associations, along with all expenses thereof and interest on all such payments and expenses, shall have been repaid to the guaranty associations or a plan of repayment by the insurer shall have been approved by the guaranty association.

## 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)
- [C.R.S. § 10-3-506 10-3-506. Cooperation of officers, owners, and employees](https://www.frixlaw.com/law-library/statutes/STATE_CO_T10_A3_P5_S10-3-506.md)
- [C.R.S. § 10-3-507 10-3-507. Continuation of delinquency proceedings](https://www.frixlaw.com/law-library/statutes/STATE_CO_T10_A3_P5_S10-3-507.md)
- [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)
- [C.R.S. § 10-3-509 10-3-509. Court's seizure order](https://www.frixlaw.com/law-library/statutes/STATE_CO_T10_A3_P5_S10-3-509.md)
- [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_S10-3-508. Check the current official text before relying on it. Not legal advice.