§ 27-1-16.1-15 — Violations

Indiana § 27-1-16.1-15

• Jurisdiction: Indiana
• Title 27: INSURANCE
• Art. 1: DEPARTMENT OF INSURANCE
• Ch. 16.1: Self-Storage Insurance

Text

(a) This section supplements and does not
limit the actions that may be taken by the commissioner for a violation
under IC 27-1-15.6.
(b) If a self-storage facility or an employee or authorized
representative of a self-storage facility violates this chapter, the
commissioner may do any of the following:
(1) After notice and hearing, impose on the self-storage facility a
civil penalty of at least fifty dollars ($50) and not more than ten
thousand dollars ($10,000).
(2) After notice and hearing, impose other penalties that the
commissioner considers necessary and reasonable, including:
(A) suspending the privilege of transacting self-storage
insurance under this chapter at specific self-storage facility
locations where violations have occurred; and
(B) suspending or revoking the ability of an individual
employee or authorized representative to act under the
self-storage facility's limited lines producer's license.

Legislative History

As added by P.L.81-2013, SEC.3.