Indiana § 27-8-4-14 Violations; civil penalty; revocation or suspension of license or
certificate of authority

Indiana Statutes

§ 27-8-4-14 — Violations; civil penalty; revocation or suspension of license or certificate of authority

Indiana·Title 27 INSURANCE·Art. 8 LIFE, ACCIDENT, AND HEALTH·Ch. 4 Credit Life and Credit Accident and Health Insurance

In addition to any other penalty provided by
law, any person, firm, or corporation which violates an order of the
commissioner after it has become final, and while such order is in
effect, shall, upon proof thereof to the satisfaction of the court, forfeit
and pay to the state of Indiana a sum not to exceed two hundred fifty
dollars ($250), which may be recovered in a civil action, except that if
such violation is found to be willful, the amount of such penalty shall
be a sum not to exceed one thousand dollars ($1000). The
commissioner, in his discretion, may revoke or suspend the license or
certificate of authority of the person, firm, or corporation guilty of such
violation. Such order for suspension or revocation shall be upon notice
and hearing, and shall be subject to judicial review 

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In addition to any other penalty provided by
law, any person, firm, or corporation which violates an order of the
commissioner after it has become final, and while such order is in
effect, shall, upon proof thereof to the satisfaction of the court, forfeit
and pay to the state of Indiana a sum not to exceed two hundred fifty
dollars ($250), which may be recovered in a civil action, except that if
such violation is found to be willful, the amount of such penalty shall
be a sum not to exceed one thousand dollars ($1000). The
commissioner, in his discretion, may revoke or suspend the license or
certificate of authority of the person, firm, or corporation guilty of such
violation. Such order for suspension or revocation shall be upon notice
and hearing, and shall be subject to judicial review as provided in
section 13 of this chapter.
Formerly: Acts 1961, c.47, s.14. As amended by P.L.252-1985,
SEC.302.

Indiana § 27-8-4-14 (Violations; civil penalty; revocation or suspension of license or certificate of authority) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.