Section 33-1-707 - Administrative or civil action - statute of limitations(1) Unless otherwise provided by law, the department shall commence an administrative or civil action for a violation of the insurance code within 2 years of the date of the violation or within 2 years after the department discovers the violation or, through the use of reasonable diligence, should have discovered the violation, whichever occurs later.(2) Regardless of when the department discovers a violation or should have discovered a violation through the use of reasonable diligence, the department may not commence an administrative or civil action unless it is brought within 5 years of the date of the violation.Amended by Laws 2017, Ch. 396,Sec. 13, eff. 5/19/2017.En. Sec. 4, Ch. 227, L. 2001.