Idaho § 41-1329A UNFAIR CLAIMS SETTLEMENT PRACTICES — PENALTY

Idaho Statutes

§ 41-1329A — UNFAIR CLAIMS SETTLEMENT PRACTICES — PENALTY

Idaho·Title 41 INSURANCE·Ch. 13 TRADE PRACTICES AND FRAUDS

The director, if he finds after a hearing, that an insurer has violated the provisions of section 41-1329, Idaho Code, may, in his discretion, impose an administrative penalty not to exceed ten thousand dollars ($10,000) to be deposited by the director as provided in section 41-406, Idaho Code, and may, in addition to the fine, or in the alternative to the fine, refuse to continue or suspend or revoke an insurer’s certificate of authority.

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The director, if he finds after a hearing, that an insurer has violated the provisions of section 41-1329, Idaho Code, may, in his discretion, impose an administrative penalty not to exceed ten thousand dollars ($10,000) to be deposited by the director as provided in section 41-406, Idaho Code, and may, in addition to the fine, or in the alternative to the fine, refuse to continue or suspend or revoke an insurer’s certificate of authority.

Idaho § 41-1329A (UNFAIR CLAIMS SETTLEMENT PRACTICES — PENALTY) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.