Section 10-3-1704 - Plan of division - dividing insurer to not survive division

If a dividing insurer will not survive a division, the plan of division must include, in addition to the requirements described in section 10-3-1702, the manner in which the dividing insurer will cancel or convert shares in the dividing insurer into shares, securities, obligations, rights to acquire shares or securities, cash, property, or any combination thereof.Added by 2021 Ch. 144, § 1, eff. 9/7/2021. 2021 Ch. 144, was passed without a safety clause. See Colo. Const. art. V, § 1(3).