Colorado Statutes
§ 10-4-1204 — Penalties
Colorado § 10-4-1204
This text of Colorado § 10-4-1204 (Penalties) 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. § 10-4-1204 (2026).
Text
(1)(a) If the commissioner believes that the
controlling producer or any other person has not materially complied with this part
12 or with any regulation or order promulgated pursuant thereto, after notice and
opportunity to be heard, the commissioner may order the controlling producer to
cease placing business with the controlled insurer.
(b)If it was found that, because of such material noncompliance, the
controlled insurer or any policyholder thereof has suffered any loss or damage, the
commissioner may maintain a civil action or intervene in an action brought by or on
behalf of the insurer or policyholder for recovery of compensatory damages for the
benefit of the insurer or policyholder or for other appropriate relief.
(2)If an order for liquidation or rehabilitation of
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Legislative History
Source: L. 92: Entire part added, p. 1490, � 19, effective July 1.
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 § 10-4-1204, Counsel Stack Legal Research, https://law.counselstack.com/statute/co/10/10-4-1204.