Colorado Statutes
§ 10-10-116 — Penalties
In addition to any other penalty provided by law, any
person, firm, or corporation which violates an order of the commissioner after it has
become final, and while such order is in effect, shall, upon proof thereof to the
satisfaction of the court, forfeit and pay to the division of insurance a sum not to
exceed two hundred fifty dollars which may be recovered in a civil action; except
that, if such violation is found to be willful, the amount of such penalty shall be a
sum not to exceed one thousand dollars. The commissioner, in his discretion, may
revoke or suspend the insurance license or certificate of authority of the person,
firm, or corporation guilty of such violation. Such order for suspension or revocation
shall be upon notice and hearing and shall be subject to judicial
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Legislative History
Source: L. 69: p. 541, � 16. C.R.S. 1963: � 72-28-16.
Nearby Sections
15
§ 10-1-101
Legislative declaration§ 10-1-102
Definitions§ 10-1-105
Actuary§ 10-1-107
Personal fees prohibited§ 10-1-109
Rules of commissioner§ 10-1-111
Invoking aid of courts§ 10-1-113
No seal required on policies§ 10-1-114
Sale of premium notes prohibited§ 10-1-115
Penalty§ 10-1-116
Defamation of other companies - penalty§ 10-1-117
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