C.R.S. Section 10-14-704
Penalties

(1)

Any person, officer, member, or examining physician of any society authorized to do business under this article 14 who knowingly or willfully makes any false or fraudulent statement or representation in or with reference to any application for membership, or for the purpose of obtaining money from or benefit in any society transacting business under this article 14 commits a petty offense.

(2)

Any person who willfully makes a false statement of any material fact or thing in a sworn statement as to the death or disability of a certificate holder in any such society for the purpose of procuring payment of a benefit named in the certificate of such holder and any person who willfully makes any false statement in any verified report or declaration under oath required or authorized by this article is guilty of perjury in the second degree.

(3)

Any person who solicits membership for, or in any manner assists in procuring membership in, any fraternal benefit society not licensed to do business in this state, or who solicits membership for, or in any manner assists in procuring membership in, any such society not authorized as provided in this article to do business in this state as defined in this article is guilty of a misdemeanor and, upon conviction thereof, shall be punished by a fine of not less than one hundred dollars nor more than five hundred dollars.

(4)

Any society, or any officer, agent, or employee thereof neglecting or refusing to comply with, or violating any of the provisions of this article, the penalty for which neglect, refusal, or violation is not specified in this section, is guilty of a misdemeanor, and upon conviction thereof, shall be punished by a fine of not more than two thousand dollars.

Source: Section 10-14-704 — Penalties, https://leg.­colorado.­gov/sites/default/files/images/olls/crs2023-title-10.­pdf (accessed Oct. 20, 2023).

10‑14‑101
Definitions 10‑14‑102
Fraternal benefit societies - what constitutes 10‑14‑103
Lodge system - defined 10‑14‑104
Representative form of government - defined 10‑14‑105
Purposes and powers 10‑14‑201
Qualifications for membership 10‑14‑202
Principal office - meetings - communications to members - grievance procedures 10‑14‑203
No personal liability 10‑14‑204
Waiver 10‑14‑301
Organization 10‑14‑302
Amendments to governing documents 10‑14‑303
Institutions 10‑14‑304
Reinsurance 10‑14‑305
Consolidations and mergers 10‑14‑306
Conversion of fraternal benefit society into a mutual or stock life insurance company 10‑14‑401
Benefits 10‑14‑402
Beneficiaries 10‑14‑403
Benefits not attachable 10‑14‑404
Benefit contract 10‑14‑405
Nonforfeiture benefits, cash surrender values, certificate loans, and other options 10‑14‑501
Investments 10‑14‑502
Funds 10‑14‑503
Exemptions 10‑14‑504
Taxation 10‑14‑505
Rules and regulations of commissioner 10‑14‑601
Valuation 10‑14‑602
Reports 10‑14‑603
Annual certificate of authority 10‑14‑604
Cash capital 10‑14‑605
Examination of societies 10‑14‑606
Publications 10‑14‑607
Grounds for injunction, liquidation, and receivership of domestic society 10‑14‑608
Foreign or alien society - admission 10‑14‑609
Suspension - revocation - denial of license of foreign or alien society 10‑14‑610
Injunction 10‑14‑611
Licensing of agents 10‑14‑612
Unfair methods of competition and unfair and deceptive acts and practices 10‑14‑701
Service of process 10‑14‑702
Fees 10‑14‑703
Review 10‑14‑704
Penalties 10‑14‑705
Exemption of certain societies
Green check means up to date. Up to date

Current through Fall 2024

§ 10-14-704’s source at colorado​.gov