Delaware Statutes

§ 2308 — Cease and desist and penalty orders and modifications thereof

Delaware·Title 18·Part Insurance·Ch. 23 UNFAIR PRACTICES IN THE INSURANCE BUSINESS
(a)If, after such hearing, the Commissioner shall determine that the person charged has engaged in an unfair method of competition, or an unfair or deceptive act or practice, the Commissioner shall reduce such findings to writing and shall issue and cause to be served upon the person charged with the violation a copy of such findings and an order requiring such person to cease and desist from engaging in such method of competition, act or practice and if the act or practice is a violation of § 2304 or § 2305 of this title, the Commissioner may at the Commissioner’s discretion order any 1 or more of the following:
(1)Payment of a monetary penalty of not more than $1,000 for each and every act or violation but not to exceed an aggregate penalty of $100,000 unless the person knew or reason

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Legislative History

18 Del. C. 1953, § 2308; 56 Del. Laws, c. 380, § 1 ; 59 Del. Laws, c. 200, § 1 ; 70 Del. Laws, c. 186, § 1 ; 75 Del. Laws, c. 55, § 1

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