Colorado § 10-3-1706 - Abandoning plan of division.
Full text of Colorado Colorado Revised Statutes § 10-3-1706 — Abandoning plan of division., with citation guidance and answers to common questions.
§ 10-3-1706. Abandoning plan of division.
(1) A dividing insurer may abandon its plan of division only as follows:
(a) After the dividing insurer has approved the plan of division without any action by the shareholders and in accordance with any procedures set forth in the plan of division, or if procedures are not set forth in the plan of division, in a manner determined by the board of directors of the dividing insurer; or
(b) After the dividing insurer has filed a certificate of division with the commissioner pursuant to section 10-3-1710, the dividing insurer may file a signed certificate of abandonment with the commissioner. The certificate of abandonment is effective on the date it is filed with the commissioner.
(2) A dividing insurer shall not abandon its plan of division after the plan of division becomes effective.
(3) If a dividing insurer elects to abandon its plan of division after the plan has been filed with the commissioner but before it becomes effective, the dividing insurer shall notify the commissioner.
Source: L. 2021: Entire part added, (HB 21-1013), ch. 144, p. 846, § 1, effective September 7.
Source: official Colorado text · Last verified 2026-08-27
Frequently Asked Questions About Colorado § 10-3-1706
What does Colorado Revised Statutes § 10-3-1706 cover?
Section 10-3-1706 ("Abandoning plan of division.") 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 § 10-3-1706?
A common citation format is "Colorado Revised Statutes § 10-3-1706" (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 § 10-3-1706 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.