(1) Nothing in this part 5 shall be construed as:
(a) Applicable to any person or corporation if the safety of his or its product or service is already regulated by any agency of the state of Colorado;
(b) Requiring the executive director to report minor violations of this part 5 for the institution of proceedings under this part 5 whenever the executive director believes that the public interest will be adequately served in the circumstances by a suitable written notice or warning.
Source: L. 73: R&RE, p. 706, � 1. C.R.S. 1963: � 66-21-12.