Colo. Rev. Stat. § 10-5-113

Current through Chapter 519 of the 2024 Legislative Session and Chapter 2 of the 2024 First Extraordinary Session
Section 10-5-113 - Revocation of broker's license
(1) The commissioner may revoke any surplus line broker's license:
(a) If the broker fails to file the annual statement or to remit the tax as required by this article; or
(b) If the broker fails to keep the records, or to allow the commissioner to examine the broker's records as required by this article; or
(c) For any of the causes for which a general broker's license may be revoked.
(2) The commissioner may suspend or revoke any such license whenever the commissioner deems suspension or revocation to be for the best interest of the people of this state.
(3) The procedures provided by law for the suspension or revocation of general brokers' licenses shall be applicable to suspension or revocation of a surplus line broker's license.
(4) No broker whose license has been so revoked or suspended shall again be so licensed within one year thereafter or until any fines or delinquent taxes owing by the broker have been paid.

C.R.S. § 10-5-113

L. 49: p. 470, § 12. CSA: C. 87, § 329. CRS 53: § 72-14-12. C.R.S. 1963: § 72-13-12. L. 95: IP(1) amended, p. 496, § 14, effective May 16. L. 2001: (1)(b) amended, p. 1213, § 40, effective 1/1/2002. L. 2005: (1)(a), (2), and (4) amended, p. 736, § 3, effective 1/1/2006.

For limitation on revocation of licenses, see article 4 of title 24 ; for the procedure for revocation of broker's license, see part 8 of article 2 of this title 10.