Colorado Code § 10-4-519

(1) The commissioner shall by order
terminate the operation of the association as to any kind of insurance covered by this part 5 with
respect to which he has found, after hearing, that there is in effect a statutory or voluntary plan
which:
(a) Is a permanent plan which is adequately funded or for which adequate funding is
provided; and
(b) Extends, or will extend, to the Colorado policyholders and residents protection and
benefits with respect to insolvent insurers not substantially less favorable and effective to such
policyholders and residents than the protection and benefits provided with respect to such kinds
of insurance under this part 5.
(2) The commissioner shall by the same order authorize discontinuance of future
payments by insurers to the association with respect to the same kinds of insurance; but the
assessments and payments shall continue, as necessary, to liquidate covered claims of insurers
adjudged insolvent prior to said order and the related expenses not covered by such other plan.
(3) In the event the operation of the association is so terminated as to all kinds of
insurance otherwise within its scope, the association as soon as possible thereafter shall
distribute the balance of moneys and assets remaining after discharge of the functions of the
association with respect to prior insurer insolvencies not covered by such other plan, together
with related expenses, to the insurers which are then writing in this state policies of the kinds of
insurance covered by this part 5 and which have made payments to the association pro rata upon
the basis of the aggregate of such payments made by the respective insurers during the period of
five years next preceding the date of such order. Upon completion of such distribution with
respect to all of the kinds of insurance covered by this part 5, this part 5 shall be deemed to be
repealed.

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