{"data":{"id":"us-co/c.r.s.-10-3-1607","jurisdiction":"us-co","citation":"C.R.S. § 10-3-1607","heading":"Sanctions.","body":"Any insurer or insurance group that fails, without just cause, to timely file a CGAD as required in this part 16 shall pay, after notice and a hearing, 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 or insurance group demonstrates to the commissioner that the imposition of the penalty would constitute a financial hardship to the insurer or insurance group.","path":["Title INSURANCE - MUTUAL INSURANCE","Article 3 - Regulation of Insurance Companies","Part 16 - CORPORATE GOVERNANCE ANNUAL DISCLOSURES"],"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":"1b9e19bc55ae80fbf2b3c9bdd9a9368fbd544669c437eac146c66b6d28ab1941","source_id":"us-co","stale":false,"prev":"us-co/c.r.s.-10-3-1606","next":"us-co/c.r.s.-10-3-1608"},"notice":"GroundRules: Original legal text. Not legal advice."}