What is the penalty for not complying with CRS 42-7-601?
Under CRS 10-4-616 (A) there is a fine of not more than $250 for each day report data is late. Other than that, it is expected that insurers will comply for the sake of customer service. If you do not report your customer’s insurance data to Colorado.gov, the vehicle record will show the vehicle insurance status as Unknown and law enforcement may take action on this information. It could create an unnecessary problem for your customers and generate and increased customer assistance workload. Also, your customer will need to provide proof of insurance in order to renew their vehicle registration.
