Colo. Rev. Stat. § 10-3-220
Real estate for production of income - definition.
Effective Sep 14, 2020L. 69: p. 494, § 5. C.R.S. 1963: § 72-2-26. L. 2001: (2) amended, p. 281, § 4, effective March 30. L. 2020: (2) amended, (HB 20-1136), ch. 87, p. 350, § 3, effective September 14.
(1) A domestic insurance company may invest in real estate for the production of income, subject to the following provisions:
- (a) The aggregate investments by a company which may be admitted assets under this section shall not exceed ten percent of the company's admitted assets.
- (b) The investment in any single parcel of real estate which may be an admitted asset under this section shall not exceed five percent of the company's admitted assets.
- (c) Real estate qualifying as an admitted asset under section 10-3-218 or 10-3-219 may, at the option of the company, be an admitted asset under this section if such real estate is otherwise eligible under the provisions of this section.
(2)
- (a) Real estate, as used in this section, means real property; interests in real property, such as leaseholds; minerals and oil and gas that have not been severed from the fee interest; and improvements and fixtures located on or in real property.
- (b) Real estate does not include mineral estates that have been severed from the fee interest.
Source: L. 69: p. 494, § 5. C.R.S. 1963: § 72-2-26. L. 2001: (2) amended, p. 281, § 4, effective March 30. L. 2020: (2) amended, (HB 20-1136), ch. 87, p. 350, § 3, effective September 14.