Colorado § 10-5-112 - Penalty for failure to comply.
Full text of Colorado Colorado Revised Statutes § 10-5-112 — Penalty for failure to comply., with citation guidance and answers to common questions.
§ 10-5-112. Penalty for failure to comply.
If any surplus line broker fails to file the annual statement, or fails to remit the tax provided by section 10-5-111, prior to the first day of April after the tax is due, the broker shall be liable for a fine of twenty-five dollars for each day of delinquency commencing with the first day of April. The tax may be collected by distraint, or the tax and fine may be recovered by an action instituted by the commissioner in any court of competent jurisdiction.
Source: L. 49: p. 470, § 11. CSA: C. 87, § 328. CRS 53: § 72-14-11. C.R.S. 1963: § 72-13-11. L. 2005: Entire section amended, p. 736, § 2, effective January 1, 2006.
Source: official Colorado text · Last verified 2026-08-27
Frequently Asked Questions About Colorado § 10-5-112
What does Colorado Revised Statutes § 10-5-112 cover?
Section 10-5-112 ("Penalty for failure to comply.") 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 § 10-5-112?
A common citation format is "Colorado Revised Statutes § 10-5-112" (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 § 10-5-112 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.