{"data":{"id":"us-co/c.r.s.-10-3-1509","jurisdiction":"us-co","citation":"C.R.S. § 10-3-1509","heading":"Sanctions.","body":"Any insurer failing, without just cause, to timely file the ORSA summary report as required in this part 15 shall, after notice and hearing, pay a penalty of two hundred dollars for each day's delay. The maximum penalty under this section is twenty-five thousand dollars. The commissioner may reduce the penalty if the insurer demonstrates to the commissioner that the imposition of the penalty would constitute a financial hardship to the insurer.","path":["Title INSURANCE - MUTUAL INSURANCE","Article 3 - Regulation of Insurance Companies","Part 15 - OWN RISK AND SOLVENCY ASSESSMENT (ORSA)"],"source_url":"https://olls.info/crs/crs2026-title-10.htm","current_through":"Colorado Revised Statutes 2026","vintage":"","retrieved_at":"2026-09-14T18:37:45Z","sha256":"f74d4b59e060d5ffa2819f536d6cebc43387e764d3576b4ec929800ae0101d78","source_id":"us-co","stale":false,"prev":"us-co/c.r.s.-10-3-1508","next":"us-co/c.r.s.-10-3-1510"},"notice":"GroundRules: Original legal text. Not legal advice."}