Colorado § 10-15-114 Investigations - actions against licensees

Colorado Statutes

§ 10-15-114 — Investigations - actions against licensees

Colorado § 10-15-114

Title 10Insurance

Art.Preneed Funeral Contracts

This text of Colorado § 10-15-114 (Investigations - actions against licensees) is published on Counsel Stack Legal Research, covering Colorado primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Colo. Rev. Stat. § 10-15-114 (2026).

Text

(1)The commissioner may impose an administrative fine not to exceed one thousand dollars for each separate offense; may issue a letter of admonition; may place a contract seller on probation under the commissioner's close supervision on such terms and for such time as the commissioner deems appropriate; and may refuse to renew, may revoke, or may suspend the license of any contract seller if, after an investigation and after notice and a hearing pursuant to the provision of section 24-4-104, C.R.S., the commissioner determines that the contract seller has:

(a)Failed to comply with or has violated any provision of this article or any regulation or order lawfully made pursuant to and within the authority of this article; or

(b)Used false or misleading advertising or made any fa

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(1) The commissioner
may impose an administrative fine not to exceed one thousand dollars for each
separate offense; may issue a letter of admonition; may place a contract seller on
probation under the commissioner's close supervision on such terms and for such
time as the commissioner deems appropriate; and may refuse to renew, may revoke,
or may suspend the license of any contract seller if, after an investigation and after
notice and a hearing pursuant to the provision of section 24-4-104, C.R.S., the
commissioner determines that the contract seller has:

(a) Failed to comply with or has violated any provision of this article or any
regulation or order lawfully made pursuant to and within the authority of this
article; or

(b) Used false or misleading advertising or made any false or misleading
statement or concealment in the contract seller's application for licensure; or

(c) Employed any device, scheme, or artifice which results in defrauding a
contract buyer; or

(d) Disposed of, concealed, diverted, converted, or otherwise failed to
account for any funds or assets of any contract buyer which are subject to
regulation pursuant to this article; or

(e) Committed any act that constitutes a violation of the Colorado
Consumer Protection Act, article 1 of title 6, C.R.S.; or

(f) Been convicted of, or any officer, director, or controlling shareholder has
been convicted of, a crime involving fraud or misappropriation or misuse of funds; or

(g) Failed to provide appropriate records requested by the commissioner as
part of an investigation of a complaint filed with the commissioner.