Arkansas Statutes
§ 23-97-321 — Penalties
Arkansas·Title 23
In addition to any other penalties provided by the laws of this state, any insurer or agent found to have violated any requirement of this state relating to the regulation of long-term care insurance or the marketing of long-term care insurance is subject to the greater of:
(1)A fine of up to three (3) times the amount of any commissions paid for each policy involved in the violation; or (2) A fine of up to ten thousand dollars ($10,000).
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Legislative History
Acts 2005, No. 1697, § 31.
Nearby Sections
15
§ 23-1-101
Definitions§ 23-1-103
Compliance with Acts 1935, No. 324, and rules of commission required - Penalties for noncompliance§ 23-1-106
Penalties cumulative - Recovery of penalty not bar to further penalty or criminal prosecution§ 23-1-108
Jurisdiction and venue of actions§ 23-1-110
Actions tried without jury - Exceptions§ 23-1-111
Copies of official papers as evidence§ 23-1-115
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