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15 Cards in this Set
- Front
- Back
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Producer's time to notify the DOI of administrative action taken against the producer in another jurisdiction |
30 days |
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An insurer's certificate of authority must be renewed annually and express on this date |
June 30 |
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The period of time in which the commissioner must conduct a formal financial examination of every authorized insurer |
5 years |
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Anyone giving intentional false testimony during an insurance examination is wily of a misdemeanor and may be fined, imprisoned or both |
$5,000 and/or imprisonment up to 3 months |
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Anyone who falsified an insurer's books or documents with the intent to device the commissioner is guilty of a misdemeanor and faces a fine, imprisonment or both |
$5,000 and/or imprisonment 2-12 months |
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Insurer penalty for failure to comply with HIV test result disclosure provisions is guilty of a misdemeanor |
$500- $5,000 and/or imprisonment 6-24 months |
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Anyone who engages in defamation may be convicted of a misdemeanor |
$500 and/or imprisonment 12 months |
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Fine for violating insurance law or rules, in addition to license suspension or revocation |
$3,000 |
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Producer per-violation fine for unfair method of competition or an unfair trade practice |
$3,000 |
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Maximum aggregate producer fine for unfair method of competition or an unfair trade practice |
$30,000 |
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Insurer per-violation fine for unfair trade practice |
$30,000 |
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Maximum aggregate insurer fine for unfair method of competition or an unfair trade practice |
$750,000 |
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Individual per-violation fine for violating a cease and desist order, in addition, to suspension or revocation |
Up to $500 |
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Insurer per-violation fine for violating a cease and desist order, in addition to suspension or revocation |
Up to $10,000 |
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Per-violation fine for violating am emergency cease and desist order in addition to restitution |
$25,000 |
