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Colorado Revised Statutes Title 10. Insurance § 10-4-1505. Suspension or revocation of license

Current as of January 01, 2022 | Updated by FindLaw Staff

(1) If a vendor of portable electronics or its employee or authorized representative violates this part 15, the commissioner may take disciplinary action against the vendor in accordance with part 8 of article 2 of this title. A fine imposed as disciplinary action shall not exceed five thousand dollars in the aggregate for multiple violations arising from the same or similar conduct.

(2) In addition to other penalties authorized by part 8 of article 2 of this title, the commissioner may:

(a) Suspend the privilege of transacting portable electronics insurance pursuant to this part 15 at specific business locations where violations have occurred; and

(b) Suspend or revoke the ability of individual employees or authorized representatives to act under the license.

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Cite this article: FindLaw.com - Colorado Revised Statutes Title 10. Insurance § 10-4-1505. Suspension or revocation of license - last updated January 01, 2022 | https://codes.findlaw.com/co/title-10-insurance/co-rev-st-sect-10-4-1505/

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