Colorado § 10-3-1702 - Plan of division - general requirements.
Full text of Colorado Colorado Revised Statutes § 10-3-1702 — Plan of division - general requirements., with citation guidance and answers to common questions.
§ 10-3-1702. Plan of division - general requirements.
(1) A domestic stock insurer may, in accordance with this part 17, divide into two or more resulting insurers pursuant to a plan of division. A domestic stock insurer's plan of division must include:
(a) The name of the domestic stock insurer seeking to divide;
(b) The name of each resulting insurer created by the proposed division and, for each resulting insurer, a copy of the resulting insurer's:
(I) Proposed articles of incorporation; and
(II) Proposed bylaws;
(c) The manner of allocating assets and liabilities, including policy liabilities, between or among all resulting insurers;
(d) The manner of distributing shares in the resulting insurers to the dividing insurer or the dividing insurer's shareholders;
(e) A reasonable description of all liabilities and all assets that the dividing insurer proposes to allocate to each resulting insurer, including the manner by which the dividing insurer proposes to allocate all reinsurance contracts;
(f) All terms and conditions required by the laws of this state and the articles of incorporation and bylaws of the dividing insurer; and
(g) All other terms and conditions required by the division.
Source: L. 2021: Entire part added, (HB 21-1013), ch. 144, p. 844, § 1, effective September 7.
Source: official Colorado text · Last verified 2026-08-27
Frequently Asked Questions About Colorado § 10-3-1702
What does Colorado Revised Statutes § 10-3-1702 cover?
Section 10-3-1702 ("Plan of division - general requirements.") 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 § 10-3-1702?
A common citation format is "Colorado Revised Statutes § 10-3-1702" (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 § 10-3-1702 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.