Indiana § 27-7-2-38 Violations; penalties; suspension or revocation of license

Indiana Statutes

§ 27-7-2-38 — Violations; penalties; suspension or revocation of license

Indiana·Title 27 INSURANCE·Art. 7 SPECIAL TYPES OF INSURANCE·Ch. 2 Worker's Compensation

(a)A person who fails to comply with this chapter or fails to comply with any lawful order or ruling made by the department in the administration of this chapter commits a Class C infraction. If a person is fined for violating this section and fails to pay the fine within thirty (30) days after final judgment, the insurance commissioner shall suspend the license of the person to transact any form of insurance business in Indiana until the fine and costs incident to the final judgment are paid in full.

(b)The commissioner may, if the commissioner finds that any person or organization has violated this chapter, impose a penalty of not more than one thousand dollars ($1,000) for each such violation but if the commissioner finds the violation is willful the commissioner may impose a penalty

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(a) A person who fails to comply with this
chapter or fails to comply with any lawful order or ruling made by the
department in the administration of this chapter commits a Class C
infraction. If a person is fined for violating this section and fails to pay
the fine within thirty (30) days after final judgment, the insurance
commissioner shall suspend the license of the person to transact any
form of insurance business in Indiana until the fine and costs incident
to the final judgment are paid in full.
(b) The commissioner may, if the commissioner finds that any
person or organization has violated this chapter, impose a penalty of
not more than one thousand dollars ($1,000) for each such violation but
if the commissioner finds the violation is willful the commissioner may
impose a penalty of not more than ten thousand dollars ($10,000) for
each such violation. These penalties are in addition to any other penalty
provided by law.
(c) For purposes of this section, any company using a rate for which
the company has failed to file the rate, supplementary rate information,
or supporting information, as required by this chapter, shall have
committed a separate violation for each day such failure continues.
(d) The commissioner may suspend or revoke the license of the
bureau or any company that fails to comply with an order of the
commissioner within the time limit specified by such order, or any
extension of time that the commissioner may grant.
(e) The commissioner may determine when a suspension of license
becomes effective and it shall remain in effect for the period fixed by
the commissioner, unless the commissioner modifies or rescinds such
suspension, or until the order upon which such suspension is based is
modified, rescinded, or reversed.
(f) No penalty shall be imposed and no license shall be suspended
or revoked except on a written order of the commissioner, stating the
commissioner's findings, made after a hearing.
Formerly: Acts 1935, c.323, s.38. As amended by Acts 1978,
P.L.2, SEC.2723; P.L.249-1989, SEC.17.

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