{"data":{"id":"us-co/c.r.s.-10-3-234","jurisdiction":"us-co","citation":"C.R.S. § 10-3-234","heading":"Approval and record of investments.","body":"(1) No investment, loan, or sale thereof shall, except as to loans on a life insurance company's policies or annuity and supplementary contracts, be made by any domestic insurance company:\n\n(a) Without the advance approval of its board of directors or of a committee appointed by such board and charged with the duty of making such investments, loans, or sales or of an officer charged with such duty; or\n\n(b) Unless the transaction is:\n\n(I) Transacted in compliance with a written policy or plan approved by its board of directors prior to the transaction; and\n\n(II) Ratified by such board or by a committee appointed by such board charged with the duty of reviewing such investments, loans, and sales at a meeting held not less than quarterly.\n\n(2) A permanent written record of all such investments, loans, and sales shall be maintained by the company.","path":["Title INSURANCE - MUTUAL INSURANCE","Article 3 - Regulation of Insurance Companies","Part 2 - FINANCIAL AFFAIRS"],"source_url":"https://olls.info/crs/crs2026-title-10.htm","current_through":"Colorado Revised Statutes 2026","vintage":"","retrieved_at":"2026-09-14T18:37:45Z","sha256":"f7c42a99a7d79925c172fa60cddc4dd4400afc62d2aa2c1f7d2ae3b77c8c81a6","source_id":"us-co","stale":false,"prev":"us-co/c.r.s.-10-3-233","next":"us-co/c.r.s.-10-3-235"},"notice":"GroundRules: Original legal text. Not legal advice."}