{"data":{"id":"us-co/c.r.s.-10-3-516","jurisdiction":"us-co","citation":"C.R.S. § 10-3-516","heading":"Grounds for liquidation.","body":"(1) The commissioner may petition the district court in and for the city and county of Denver for an order directing the commissioner to liquidate a domestic insurer or an alien insurer domiciled in this state on the basis:\n\n(a) Of any ground for an order of rehabilitation as specified in section 10-3-511, whether or not there has been a prior order directing the rehabilitation of the insurer;\n\n(b) That the insurer is insolvent; or\n\n(c) That the insurer is in such condition that the further transaction of business would be hazardous, financially or otherwise, to its policyholders, its creditors, or the public.","path":["Title INSURANCE - MUTUAL INSURANCE","Article 3 - Regulation of Insurance Companies","Part 5 - INSURERS' REHABILITATION AND LIQUIDATION"],"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":"b1d1cf9bc473bd83103e5bf320a16a82859490d2e4bb5df1885a238ec2ba8e37","source_id":"us-co","stale":false,"prev":"us-co/c.r.s.-10-3-515","next":"us-co/c.r.s.-10-3-517"},"notice":"GroundRules: Original legal text. Not legal advice."}