C.R.S.
Section 10-3-402
Definitions
(3)
“Direct supervision” means the institution of control of an insurance company by order of the commissioner whereby one or more specifically enumerated acts shall be required of the company by order of the commissioner, or one or more specifically enumerated acts or decisions of the company shall not be permitted without prior written approval of the commissioner. In addition, such term includes the power to take all steps necessary to preserve, protect, and recover an insurance company’s assets as set forth in section 10-3-405 (2). It is a condition of control beyond normal regulation by the division of insurance and beyond the notifying of an insurance company of a determination of delinquency by the commissioner and supplying the company a list of requirements to abate the condition.(4)
“Rehabilitation” or “to rehabilitate” refers to the removal of an existing delinquency and restoration of the company to a condition of compliance with the law.
Source:
Section 10-3-402 — Definitions, https://leg.colorado.gov/sites/default/files/images/olls/crs2023-title-10.pdf
(accessed Oct. 20, 2023).