Colorado § 10-20-111 - Powers and duties of the commissioner.
Full text of Colorado Colorado Revised Statutes § 10-20-111 — Powers and duties of the commissioner., with citation guidance and answers to common questions.
§ 10-20-111. Powers and duties of the commissioner.
(1) In addition to any other powers and duties specified in this article 20, the commissioner shall:
(a) Upon request of the board, provide the association with a statement of the premiums in this and any other appropriate states for each member insurer;
(b) Notify the board of the existence of an impaired or insolvent insurer not later than three days after a determination of impairment or insolvency is made by the commissioner, irrespective of limitations imposed upon the commissioner in section 10-3-401;
(c) In any liquidation proceeding involving a domestic member insurer, be appointed as the liquidator.
(2) The commissioner may suspend or revoke, after notice and hearing, the certificate of authority or license to transact insurance or the business of a health maintenance organization in this state of any member insurer that fails to pay an assessment when due or fails to comply with the plan of operation. As an alternative, the commissioner may levy a forfeiture on any member insurer that fails to pay an assessment when due. The forfeiture must not exceed five percent of the unpaid assessment per month, but a forfeiture must not be less than one hundred dollars per month.
(3) The conservator, rehabilitator, or liquidator of any impaired or insolvent insurer shall notify all interested persons of the effect of this article.
Source: L. 91: Entire article added, p. 1274, § 1, effective July 1. L. 2013: (1)(b) and (3) amended, (SB 13-032), ch. 34, p. 97, § 7, effective March 15. L. 2023: IP(1), (1)(c), and (2) amended, (HB 23-1303), ch. 195, p. 991, § 11, effective May 15.
Source: official Colorado text · Last verified 2026-08-27
Frequently Asked Questions About Colorado § 10-20-111
What does Colorado Revised Statutes § 10-20-111 cover?
Section 10-20-111 ("Powers and duties of the commissioner.") is part of the Colorado Revised Statutes, the codified statutory law of Colorado. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Colorado § 10-20-111?
A common citation format is "Colorado Revised Statutes § 10-20-111" (Colorado). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Colorado law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Colorado official source linked on this page or consult a licensed Colorado attorney.
How does Colorado § 10-20-111 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Colorado can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Colorado.