C.R.S. Section 10-14-607
Grounds for injunction, liquidation, and receivership of domestic society

(1)

The commissioner shall notify a domestic society when the commissioner upon investigation finds that a domestic society:

(a)

Has exceeded its powers;

(b)

Has failed to comply with any provision of this article;

(c)

Is not fulfilling its contracts in good faith;

(d)

Has a membership of less than four hundred after an existence of one year or more;

(e)

Is conducting business fraudulently or in a manner hazardous to its members, creditors, or the public; or

(f)

Is using methods which, although not otherwise specifically proscribed by statute, nevertheless renders its operation hazardous, or its condition unsound, to its members or the public.

(2)

If the commissioner notifies a society pursuant to subsection (1) of this section, the commissioner may utilize the procedures, practices, standards, and provisions of parts 4 and 5 of article 3 of this title. In applying said provisions, the application of the assessment feature of the certificate shall be first considered.

Source: Section 10-14-607 — Grounds for injunction, liquidation, and receivership of domestic society, https://leg.­colorado.­gov/sites/default/files/images/olls/crs2023-title-10.­pdf (accessed Oct. 20, 2023).

10‑14‑101
Definitions 10‑14‑102
Fraternal benefit societies - what constitutes 10‑14‑103
Lodge system - defined 10‑14‑104
Representative form of government - defined 10‑14‑105
Purposes and powers 10‑14‑201
Qualifications for membership 10‑14‑202
Principal office - meetings - communications to members - grievance procedures 10‑14‑203
No personal liability 10‑14‑204
Waiver 10‑14‑301
Organization 10‑14‑302
Amendments to governing documents 10‑14‑303
Institutions 10‑14‑304
Reinsurance 10‑14‑305
Consolidations and mergers 10‑14‑306
Conversion of fraternal benefit society into a mutual or stock life insurance company 10‑14‑401
Benefits 10‑14‑402
Beneficiaries 10‑14‑403
Benefits not attachable 10‑14‑404
Benefit contract 10‑14‑405
Nonforfeiture benefits, cash surrender values, certificate loans, and other options 10‑14‑501
Investments 10‑14‑502
Funds 10‑14‑503
Exemptions 10‑14‑504
Taxation 10‑14‑505
Rules and regulations of commissioner 10‑14‑601
Valuation 10‑14‑602
Reports 10‑14‑603
Annual certificate of authority 10‑14‑604
Cash capital 10‑14‑605
Examination of societies 10‑14‑606
Publications 10‑14‑607
Grounds for injunction, liquidation, and receivership of domestic society 10‑14‑608
Foreign or alien society - admission 10‑14‑609
Suspension - revocation - denial of license of foreign or alien society 10‑14‑610
Injunction 10‑14‑611
Licensing of agents 10‑14‑612
Unfair methods of competition and unfair and deceptive acts and practices 10‑14‑701
Service of process 10‑14‑702
Fees 10‑14‑703
Review 10‑14‑704
Penalties 10‑14‑705
Exemption of certain societies
Green check means up to date. Up to date

Current through Fall 2024

§ 10-14-607’s source at colorado​.gov