If any insurance company or any agent of any such company violates any of the provisions of section 10-1-114, the commissioner has the power and is authorized to revoke the certificate of authority of any company so offending or to cancel the license of any such agent who violates any provisions of section 10-1-114.
Source: L. 2003: Entire article RC&RE, p. 598, § 1, effective July 1.
Editor's note: This section is similar to former § 10-1-119 as it existed prior to 2002.
Cross references: For the revocation of a certificate of authority to do business, see § 10-1-110.