[ Editor's note: This version of this section is effective until March 1, 2022. ] Any insurance company or any officer or official thereof who willfully fails to comply with an order of the commissioner while such insurance company is under direct supervision of the commissioner is guilty of a misdemeanor and, upon conviction thereof, shall be punished by imprisonment in the county jail for not more than two years, or by a fine of not more than five thousand dollars, or by both such fine and imprisonment.
Structure Colorado Code
Article 3 - Regulation of Insurance Companies
§ 10-3-401. Legislative Declaration
§ 10-3-404. Determination of Delinquency - Procedure
§ 10-3-405. Direct Supervision
§ 10-3-406. Protest of Finding of Delinquency
§ 10-3-407. Costs of Direct Supervision
§ 10-3-411. Penalties for Noncompliance
§ 10-3-411. Penalties for Noncompliance
§ 10-3-412. Review of Action While Under Direct Supervision
§ 10-3-413. Appeal From Final Determination or Order of Commissioner