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.
C.R.S. § 10-3-1704
Plan of division
Digitized from: Public.Law — Colorado Revised Statutes. Reproduced from public-domain Colorado statutes; confirm against the official source for the current text. Not legal advice.