Colorado § 10-16-107.1 - False or misleading information - penalties.
Full text of Colorado Colorado Revised Statutes § 10-16-107.1 — False or misleading information - penalties., with citation guidance and answers to common questions.
§ 10-16-107.1. False or misleading information - penalties.
(1) A person or organization shall not knowingly withhold information that will affect the rates or premiums chargeable under this part 1 or knowingly give false or misleading information to the commissioner or any statistical agent, advisory organization, or carrier. A person or organization who violates this section shall be subject to the penalties in subsection (2) of this section.
(2) Upon a finding that any person or organization has knowingly violated subsection (1) of this section, the commissioner may impose a penalty of not more than ten thousand dollars for each violation but, if the violation is found to be willful, a penalty of not more than twenty-five thousand dollars for each violation. The penalties may be in addition to any other penalty provided by law.
Source: L. 2008: Entire section added, p. 2255, § 7, effective July 1.
Cross references: In 2008, this section was enacted by the "Fair Accountable Insurance Rates Act". For the short title and legislative declaration, see sections 1 and 2 of chapter 439, Session Laws of Colorado 2008.
Source: official Colorado text · Last verified 2026-08-27
Frequently Asked Questions About Colorado § 10-16-107.1
What does Colorado Revised Statutes § 10-16-107.1 cover?
Section 10-16-107.1 ("False or misleading information - penalties.") is part of the Colorado Revised Statutes, the codified statutory law of Colorado. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Colorado § 10-16-107.1?
A common citation format is "Colorado Revised Statutes § 10-16-107.1" (Colorado). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Colorado law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Colorado official source linked on this page or consult a licensed Colorado attorney.
How does Colorado § 10-16-107.1 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Colorado can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Colorado.