Colorado § 10-5-113 Revocation of broker's license

Colorado Statutes

§ 10-5-113 — Revocation of broker's license

Colorado·Title 10 Insurance·Art. Nonadmitted Insurance

(1)The commissioner may revoke any surplus line broker's license:

(a)If the broker fails to file the annual statement or to remit the tax as required by this article; or

(b)If the broker fails to keep the records, or to allow the commissioner to examine the broker's records as required by this article; or

(c)For any of the causes for which a general broker's license may be revoked.

(2)The commissioner may suspend or revoke any such license whenever the commissioner deems suspension or revocation to be for the best interest of the people of this state.

(3)The procedures provided by law for the suspension or revocation of general brokers' licenses shall be applicable to suspension or revocation of a surplus line broker's license.

(4)No broker whose license has been so re

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(1) The commissioner may revoke
any surplus line broker's license:

(a) If the broker fails to file the annual statement or to remit the tax as
required by this article; or

(b) If the broker fails to keep the records, or to allow the commissioner to
examine the broker's records as required by this article; or

(c) For any of the causes for which a general broker's license may be
revoked.

(2) The commissioner may suspend or revoke any such license whenever the
commissioner deems suspension or revocation to be for the best interest of the
people of this state.

(3) The procedures provided by law for the suspension or revocation of
general brokers' licenses shall be applicable to suspension or revocation of a
surplus line broker's license.

(4) No broker whose license has been so revoked or suspended shall again
be so licensed within one year thereafter or until any fines or delinquent taxes
owing by the broker have been paid.

Colorado § 10-5-113 (Revocation of broker's license) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

Source: L. 49: p. 470, � 12. CSA: C. 87, � 329. CRS 53: � 72-14-12. C.R.S. 1963: � 72-13-12. L. 95: IP(1) amended, p. 496, � 14, effective May 16. L. 2001: (1)(b) amended, p. 1213, � 40, effective January 1, 2002. L. 2005: (1)(a), (2), and (4) amended, p. 736, � 3, effective January 1, 2006.