# C.R.S. § 10-3-806: 10-3-806. Examination

> Colorado · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_CO_T10_A3_P8_S10-3-806

## Section

- **Citation:** C.R.S. § 10-3-806
- **Heading:** 10-3-806. Examination
- **Jurisdiction:** Colorado
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** CO Code / Title 10 / Article 3 / Part 8 / Section 10-3-806

## Text

10-3-806. Examination. (1) Subject to the limitation contained in this section and in addition to the powers that the commissioner has under this title relating to the examination of insurers, the commissioner may examine any insurer registered under section 10-3-804 and its affiliates to ascertain the financial condition of the insurer, including the enterprise risk to the insurer by the ultimate controlling party, by any entity or combination of entities within the insurance holding company system, or by the insurance holding company system on a consolidated basis.

(2) Access to books and records. (a) The commissioner may order any insurer registered under section 10-3-804 to produce such records, books, or other information papers in the possession of the insurer or its affiliates as are reasonably necessary to determine compliance with this section.

(b) To determine compliance with this section, the commissioner may order any insurer registered under section 10-3-804 to produce information not in the possession of the insurer if the insurer can obtain access to the information pursuant to contractual relationships, statutory obligations, or other methods. If the insurer cannot obtain the information requested by the commissioner, the insurer shall provide the commissioner a detailed explanation of the reason that the insurer cannot obtain the information and the identity of the holder of the information.

(3) The commissioner may retain, at the registered insurer's expense, such attorneys, actuaries, accountants, and other experts not otherwise a part of the commissioner's staff as are reasonably necessary to assist in the conduct of the examination under subsection (1) of this section. Each person so retained is under the direction and control of the commissioner and shall act in a purely advisory capacity.

(4) Each registered insurer producing for examination records, books, and papers pursuant to subsection (1) of this section is liable for and shall pay the expense of examination in accordance with part 2 of article 1 of this title.

(5) If the insurer fails to comply with an order, the commissioner may examine the affiliates to obtain the information. The commissioner may also issue subpoenas, administer oaths, and examine under oath any person for purposes of determining compliance with this section. Upon the failure or refusal of any person to obey a subpoena, the commissioner may petition a court of competent jurisdiction, and upon proper showing, the court may enter an order compelling the witness to appear and testify or produce documentary evidence. Failure to obey the court order is punishable as contempt of court. Every person shall attend as a witness at the place specified in the subpoena, when subpoenaed, anywhere within the state. Witnesses not employed by the insurer shall be paid the same fees and mileage as are paid to witnesses in the courts of this state, which fees, mileage, and actual expenses, if any, necessarily incurred in securing the attendance of witnesses, and their testimony, must be itemized by the commissioner and charged against, and be paid by, the company being examined.

## Nearby sections

- [C.R.S. § 10-3-801 10-3-801. Definitions](https://www.frixlaw.com/law-library/statutes/STATE_CO_T10_A3_P8_S10-3-801.md)
- [C.R.S. § 10-3-802 10-3-802. Subsidiaries of insurers](https://www.frixlaw.com/law-library/statutes/STATE_CO_T10_A3_P8_S10-3-802.md)
- [C.R.S. § 10-3-803 10-3-803. Acquisition of control of or merger with domestic insurer - definitions](https://www.frixlaw.com/law-library/statutes/STATE_CO_T10_A3_P8_S10-3-803.md)
- [C.R.S. § 10-3-803.5 10-3-803.5. Acquisitions involving insurers not otherwise covered - definitions](https://www.frixlaw.com/law-library/statutes/STATE_CO_T10_A3_P8_S10-3-803.5.md)
- [C.R.S. § 10-3-804 10-3-804. Registration of insurers - rules - group capital calculation - liquidity stress](https://www.frixlaw.com/law-library/statutes/STATE_CO_T10_A3_P8_S10-3-804.md)
- [C.R.S. § 10-3-805 10-3-805. Standards and management of an insurer within an insurance holding company syste](https://www.frixlaw.com/law-library/statutes/STATE_CO_T10_A3_P8_S10-3-805.md)
- [C.R.S. § 10-3-806 10-3-806. Examination](https://www.frixlaw.com/law-library/statutes/STATE_CO_T10_A3_P8_S10-3-806.md)
- [C.R.S. § 10-3-807 10-3-807. Supervisory colleges](https://www.frixlaw.com/law-library/statutes/STATE_CO_T10_A3_P8_S10-3-807.md)
- [C.R.S. § 10-3-807.5 10-3-807.5. Group-wide supervision of internationally active insurance groups - information](https://www.frixlaw.com/law-library/statutes/STATE_CO_T10_A3_P8_S10-3-807.5.md)
- [C.R.S. § 10-3-808 10-3-808. Confidential treatment](https://www.frixlaw.com/law-library/statutes/STATE_CO_T10_A3_P8_S10-3-808.md)
- [C.R.S. § 10-3-809 10-3-809. Rules](https://www.frixlaw.com/law-library/statutes/STATE_CO_T10_A3_P8_S10-3-809.md)
- [C.R.S. § 10-3-810 10-3-810. Injunctions - prohibitions against voting securities - sequestration of voting s](https://www.frixlaw.com/law-library/statutes/STATE_CO_T10_A3_P8_S10-3-810.md)
- [C.R.S. § 10-3-811 10-3-811. Criminal proceedings - civil penalties - definition](https://www.frixlaw.com/law-library/statutes/STATE_CO_T10_A3_P8_S10-3-811.md)
- [C.R.S. § 10-3-812 10-3-812. Receivership](https://www.frixlaw.com/law-library/statutes/STATE_CO_T10_A3_P8_S10-3-812.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_CO_T10_A3_P8_S10-3-806. Check the current official text before relying on it. Not legal advice.
