Arkansas § 23-63-1314 Penalties and liabilities

Arkansas Statutes

§ 23-63-1314 — Penalties and liabilities

Arkansas § 23-63-1314

Title23

This text of Arkansas § 23-63-1314 (Penalties and liabilities) is published on Counsel Stack Legal Research, covering Arkansas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ark. Code Ann. § 23-63-1314 (2026).

Text

(a)If the Insurance Commissioner, after a hearing conducted according to § 23-61-301 et seq., finds that an insurer or a person has violated this subchapter, the commissioner may order:

(1)For each separate violation, a penalty of one thousand dollars ($1,000) or if the commissioner has found willful misconduct or willful violation, a penalty of five thousand dollars ($5,000); and (2) Revocation or suspension of the insurer's or person's license.

(b)The decision of the commissioner under subsection (a) of this section is subject to judicial review under § 23-61-307 .

(c)This section does not affect the right of the commissioner to impose other penalties provided for in the insurance laws.

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(a) If the Insurance Commissioner, after a hearing conducted according to § 23-61-301 et seq., finds that an insurer or a person has violated this subchapter, the commissioner may order: (1) For each separate violation, a penalty of one thousand dollars ($1,000) or if the commissioner has found willful misconduct or willful violation, a penalty of five thousand dollars ($5,000); and (2) Revocation or suspension of the insurer's or person's license. (b) The decision of the commissioner under subsection (a) of this section is subject to judicial review under § 23-61-307 . (c) This section does not affect the right of the commissioner to impose other penalties provided for in the insurance laws.