Colorado § 10-3-1109 Penalty for violation of cease-and-desist orders

Colorado Statutes

§ 10-3-1109 — Penalty for violation of cease-and-desist orders

Colorado § 10-3-1109

Title 10Insurance

Art.Regulation of Insurance Companies

This text of Colorado § 10-3-1109 (Penalty for violation of cease-and-desist orders) 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. § 10-3-1109 (2026).

Text

(1)Any person who violates a cease-and-desist order of the commissioner issued under section 10-3-1108, and while such order is in effect, may, after notice and hearing and upon order of the commissioner, be subject, at the discretion of the commissioner, to any one or more of the following:

(a)A monetary penalty of not more than ten thousand dollars for each and every act or violation of an insurer; or a monetary penalty of not more than five hundred dollars for each and every act or violation of an individual;

(b)Suspension or revocation of such person's license.

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(1) Any person
who violates a cease-and-desist order of the commissioner issued under section 10-3-1108, and while such order is in effect, may, after notice and hearing and upon
order of the commissioner, be subject, at the discretion of the commissioner, to any
one or more of the following:

(a) A monetary penalty of not more than ten thousand dollars for each and
every act or violation of an insurer; or a monetary penalty of not more than five
hundred dollars for each and every act or violation of an individual;

(b) Suspension or revocation of such person's license.