Kansas § 40-2411 Same; penalties for violation of cease and desist orders; hearing

Kansas Statutes

§ 40-2411 — Same; penalties for violation of cease and desist orders; hearing

Kansas·Ch. 40 INSURANCE·Art. 24 REGULATION OF CERTAIN TRADE PRACTICES

Any person who violates a cease and desist order of the commissioner issued under K.S.A. 40-2407, and amendments thereto, may after notice and hearing in accordance with the provisions of the Kansas administrative procedure act and upon order of the commissioner be subject at the discretion of the commissioner to any one or more of the following:

(a)A monetary penalty of not more than $10,000 for each and every act or violation, but not to exceed an aggregate penalty of $50,000 in any six-month period; or

(b)suspension or revocation of such person's license;

(c)redress of the injury by requiring the refund of any premiums paid by, the payment of any moneys withheld from, any consumer and appropriate public notification of the violation.

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Any person who violates a cease and desist order of the commissioner issued under K.S.A. 40-2407, and amendments thereto, may after notice and hearing in accordance with the provisions of the Kansas administrative procedure act and upon order of the commissioner be subject at the discretion of the commissioner to any one or more of the following:
(a) A monetary penalty of not more than $10,000 for each and every act or violation, but not to exceed an aggregate penalty of $50,000 in any six-month period; or
(b) suspension or revocation of such person's license;
(c) redress of the injury by requiring the refund of any premiums paid by, the payment of any moneys withheld from, any consumer and appropriate public notification of the violation.

Kansas § 40-2411 (Same; penalties for violation of cease and desist orders; hearing) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.