Every insurance carrier that writes compensation insurance shall write insurance at the rates filed with the commissioner of insurance. The cutting of rates, rebating, or any other method whereby, directly or indirectly, any employer is given the benefit of or obtains a rate lower than that approved by the commissioner of insurance is prohibited. The commissioner of insurance may suspend the license of any insurance carrier, agent, or broker who violates any provision of this section. Also, any insurance carrier, any employer, or any officer, agent, or employee thereof who violates any provision of this section is guilty of a misdemeanor and, upon conviction thereof, shall be punished by a fine of not more than one hundred dollars for each such violation.
Source: L. 90: Entire article R&RE, p. 521, § 1, effective July 1. L. 2000: Entire section amended, p. 471, § 11, effective August 2. L. 2002: Entire section amended, p. 1884, § 36, effective July 1. L. 2003: Entire section amended, p. 2201, § 3, effective July 1.
Editor's note: This section is similar to former § 8-44-104 as it existed prior to 1990.
Cross references: For the legislative declaration contained in the 2000 act amending this section, see section 1 of chapter 135, Session Laws of Colorado 2000.
Structure Colorado Code
§ 8-44-101. Insurance Requirements
§ 8-44-102. Contract for Insurance Subject to Workers' Compensation Act
§ 8-44-103. Insurers to File System of Rating - Approval
§ 8-44-104. Cutting Rates - Rebates - Penalty
§ 8-44-105. Provisions of Policies - Primary Liability - Notice of Injury
§ 8-44-106. Insurer Violation - Suspension or Revocation of License
§ 8-44-107. Right of Insurer to Examine Books of Employer
§ 8-44-108. Repayments for Misclassifications
§ 8-44-110. Notice of Cancellation
§ 8-44-111. Workers' Compensation Insurance - Deductibles - Definition
§ 8-44-112. Surcharge on Workers' Compensation Insurance Premiums - Workers' Compensation Cash Fund
§ 8-44-114. Determination of Premium
§ 8-44-115. Calculation of Premium - Motor Vehicle Accidents
§ 8-44-116. Reversionary Interests in Indemnity Benefits Prohibited