Indiana § 27-4-1-12 Violations; penalties

Indiana Statutes

§ 27-4-1-12 — Violations; penalties

Indiana § 27-4-1-12

Title 27INSURANCE

Art. 4UNFAIR COMPETITION; UNAUTHORIZED

Ch. 1Unfair Competition; Unfair or Deceptive Acts and

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Bluebook

Ind. Code § 27-4-1-12 (2026).

Text

Any person who violates a cease and desist order of the commissioner under section 6 of this chapter, or an order of the court under IC 4-21.5, after it has become final, and while such order is in effect, may, after notice and hearing under IC 4-21.5 and upon order of the commissioner, be subject at the discretion of the commissioner to one (1) or more of the following:

(1)A civil penalty of not more than twenty-five thousand dollars ($25,000) for each act or violation.

(2)Suspension or revocation of the person's license or certificate of authority. Formerly: Acts 1947, c.112, s.12. As amended by P.L.259-1983, SEC.4; P.L.7-1987, SEC.150; P.L.121-1990, SEC.5; P.L.149-1990, SEC.3.

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Any person who violates a cease and desist
order of the commissioner under section 6 of this chapter, or an order
of the court under IC 4-21.5, after it has become final, and while such
order is in effect, may, after notice and hearing under IC 4-21.5 and
upon order of the commissioner, be subject at the discretion of the
commissioner to one (1) or more of the following:
(1) A civil penalty of not more than twenty-five thousand dollars
($25,000) for each act or violation.
(2) Suspension or revocation of the person's license or certificate
of authority.
Formerly: Acts 1947, c.112, s.12. As amended by P.L.259-1983,
SEC.4; P.L.7-1987, SEC.150; P.L.121-1990, SEC.5; P.L.149-1990,
SEC.3.