Iowa § 514G.113 Penalties

Iowa Statutes

§ 514G.113 — Penalties

Iowa § 514G.113

Title XIIICOMMERCE

Ch. 514GLONG-TERM CARE INSURANCE ACT

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Bluebook

Iowa Code § 514G.113 (2026).

Text

In addition to any other penalties provided by the laws of this state, any insurer or any
producer found to have violated a provision of this chapter or any other requirement of this
13 LONG-TERM CARE INSURANCE ACT, §514G.113
staterelatingtotheregulationoflong-termcareinsuranceorthemarketingofsuchinsurance
shall be subject to a fine of up to three times the amount of any commission paid for each
policy involved in the violation, or up to ten thousand dollars, whichever is greater. A fine
collected under this section shall be deposited as provided in section 505.7.

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In addition to any other penalties provided by the laws of this state, any insurer or any
producer found to have violated a provision of this chapter or any other requirement of this
13 LONG-TERM CARE INSURANCE ACT, §514G.113
staterelatingtotheregulationoflong-termcareinsuranceorthemarketingofsuchinsurance
shall be subject to a fine of up to three times the amount of any commission paid for each
policy involved in the violation, or up to ten thousand dollars, whichever is greater. A fine
collected under this section shall be deposited as provided in section 505.7.