Every person for whom insurance is placed with a nonadmitted insurer pursuant to or in violation of this article, upon the commissioner's order, shall produce for the commissioner's examination all policies and other documents evidencing the insurance and shall disclose to the commissioner the amount of the gross premiums paid or agreed to be paid for the insurance. For each refusal to obey such order, such person shall be liable to a fine of not more than ten thousand dollars.
Source: L. 49: p. 472, § 15. CSA: C. 87, § 332. CRS 53: § 72-14-15. C.R.S. 1963: § 72-13-15. L. 95: Entire section amended, p. 497, § 17, effective May 16. L. 2005: Entire section amended, p. 736, § 4, effective January 1, 2006.
Structure Colorado Code
Article 5 - Nonadmitted Insurance
§ 10-5-101.1. Legislative Declaration
§ 10-5-102. Validity of Certain Contracts
§ 10-5-103. Conditions for Export
§ 10-5-103.5. Producing Broker's Affidavit
§ 10-5-104. Endorsement of Contract
§ 10-5-105. Surplus Line Insurance Valid
§ 10-5-106. When Export Declared Eligible
§ 10-5-107. Brokers May Accept Business From Producers
§ 10-5-108. Placement of Surplus Lines Insurance
§ 10-5-109. Records of Surplus Line Broker
§ 10-5-111.5. Allocation of Premium Tax
§ 10-5-112. Penalty for Failure to Comply
§ 10-5-113. Revocation of Broker's License
§ 10-5-114. Actions Against Insurer - Service
§ 10-5-115. Authority of Commissioner - Assistance of Brokers' Association
§ 10-5-116. Records Produced on Order
§ 10-5-117. Rules and Regulations
§ 10-5-118. Notice Provisions Not Applicable to Surplus Lines
§ 10-5-119. Disclosures Regarding Claims-Made Policies by Surplus Line Brokers or Insurers