What is the minimum fine applied to a producer who violates any Colorado law relating to the regulation of long term care insurance?

CO Rev Stat § 10-19-114.5 (2016) What's This?

In addition to any other penalties provided by the laws of Colorado, any carrier or any producer who violates any requirement of Colorado law relating to the regulation of long-term care insurance or the marketing of such insurance shall be subject to a fine of up to three times the amount of any commissions paid for each policy involved in the violation or up to ten thousand dollars, whichever is greater.

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