Arkansas § 23-63-1406 Penalties and liabilities

Arkansas Statutes

§ 23-63-1406 — Penalties and liabilities

Arkansas § 23-63-1406

Title23

This text of Arkansas § 23-63-1406 (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. § 23-63-1406 (2026).

Text

(a)If the Insurance Commissioner finds after a hearing conducted in accordance with § 23-61-301 et seq. that any insurer or person has violated any provision of this subchapter, the commissioner may order:

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

(b)The decision, determination, or order of the commissioner pursuant to subsection (a) of this section shall be subject to judicial review pursuant to § 23-61-307 .

(c)Nothing contained in this section shall affect the right of the commissioner to impose any other penalties provided for in the insurance laws.

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(a) If the Insurance Commissioner finds after a hearing conducted in accordance with § 23-61-301 et seq. that any insurer or person has violated any provision of this subchapter, the commissioner may order: (1) For each separate violation, a penalty in an amount of one thousand dollars ($1,000) or, if the commissioner has found willful misconduct or willful violation, five thousand dollars ($5,000); and (2) Revocation or suspension of the insurer's or person's license. (b) The decision, determination, or order of the commissioner pursuant to subsection (a) of this section shall be subject to judicial review pursuant to § 23-61-307 . (c) Nothing contained in this section shall affect the right of the commissioner to impose any other penalties provided for in the insurance laws.