Colorado Code § 10-16-308

Automatic extension of certificate
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When the annual statement of a
corporation subject to the provisions of part 1 of this article and this part 3 has been filed and all
fees due from the corporation have been tendered, the corporation's certificate of authority to do
business in this state shall automatically be extended until such time as the commissioner refuses
to relicense such corporation, and when the fee involved in the renewal of an enrollment
representative's license has been tendered by the corporation, or the individual representative, the
license shall automatically be extended until such time as the commissioner refuses to renew
such license.

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