Georgia § 33-20e-26 Enforcement; monetary penalties

Georgia Statutes

§ 33-20e-26 — Enforcement; monetary penalties

(a)For each and every act in violation of Code Section 33-20E-24 , the Commissioner may impose a monetary penalty of up to $2,000.00, unless the insurer knew or reasonably should have known of the violation, in which case the monetary penalty imposed may be up to $5,000.00 for each and every act in violation.

(b)The Commissioner may take any action authorized, including, but not limited to, issuing an administrative order imposing monetary penalties, imposing a compliance plan, ordering the insurer to develop a compliance plan, or ordering the insurer to reprocess claims.

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(a) For each and every act in violation of Code Section 33-20E-24 , the Commissioner may impose a monetary penalty of up to $2,000.00, unless the insurer knew or reasonably should have known of the violation, in which case the monetary penalty imposed may be up to $5,000.00 for each and every act in violation. (b) The Commissioner may take any action authorized, including, but not limited to, issuing an administrative order imposing monetary penalties, imposing a compliance plan, ordering the insurer to develop a compliance plan, or ordering the insurer to reprocess claims.

Georgia § 33-20e-26 (Enforcement; monetary penalties) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

Added by 2023 Ga. Laws 242,§ 2, eff. 1/1/2024, app. to all policies or contracts issued, delivered, issued for delivery, or renewed in this state on or after 1/1/2024.