Colorado Statutes
§ 10-2-1007 — Penalties and liabilities
Colorado § 10-2-1007
This text of Colorado § 10-2-1007 (Penalties and liabilities) 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. § 10-2-1007 (2026).
Text
(1)If the commissioner finds, after a
hearing conducted in accordance with article 4 of title 24, C.R.S., that any person
has violated any provision of this part 10, the commissioner may order:
(a)For each separate violation, a penalty in an amount not to exceed five
thousand dollars;
(b)Revocation or suspension of the producer's license; and
(c)The MGA to reimburse the insurer, the rehabilitator, or liquidator of the
insurer for any losses incurred by the insurer caused by a violation of this part 10
committed by the MGA.
(2)The decision, determination, or order of the commissioner pursuant to
subsection (1) of this section shall be subject to judicial review by the court of
appeals pursuant to section 24-4-106 (11), C.R.S.
(3)Nothing contained in this section shall affe
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Legislative History
Source: L. 93: Entire article R&RE, p. 1388, � 1, effective January 1, 1995.
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
Company unauthorized in other statesCite This Page — Counsel Stack
Bluebook (online)
Colorado § 10-2-1007, Counsel Stack Legal Research, https://law.counselstack.com/statute/co/10/10-2-1007.