Louisiana § 22:1970 Cease and desist order; penalty for violation

Louisiana Statutes

§ 22:1970 — Cease and desist order; penalty for violation

Louisiana § 22:1970

Title 22Insurance

This text of Louisiana § 22:1970 (Cease and desist order; penalty for violation) is published on Counsel Stack Legal Research, covering Louisiana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

La. Stat. Ann. § 22:1970 (2026).

Text

§1970. Cease and desist order; penalty for violation A. Any person who violates a cease and desist order of the commissioner under R.S. 22:1969 and while such order is in effect may, after compliance with R.S. 49:977.3 be subject at the discretion of the commissioner to any one or more of the following:

(1)A monetary penalty of not more than twenty-five thousand dollars for each and every act or violation, not to exceed an aggregate of two hundred fifty thousand dollars.

(2)Suspension or revocation of such person's license or certificate of authority. B. An aggrieved party affected by the commissioner's decision, act, or order may demand a hearing in accordance with Chapter 12 of this Title, R.S. 22:2191 et seq.

Free access — add to your briefcase to read the full text and ask questions with AI

§1970. Cease and desist order; penalty for violation
A. Any person who violates a cease and desist order of the commissioner under R.S.
22:1969 and while such order is in effect may, after compliance with R.S. 49:977.3 be
subject at the discretion of the commissioner to any one or more of the following:
(1) A monetary penalty of not more than twenty-five thousand dollars for each and
every act or violation, not to exceed an aggregate of two hundred fifty thousand dollars.
(2) Suspension or revocation of such person's license or certificate of authority.
B. An aggrieved party affected by the commissioner's decision, act, or order may
demand a hearing in accordance with Chapter 12 of this Title, R.S. 22:2191 et seq.

Legislative History

Acts 1989, No. 638, §1; Acts 1993, No. 953, §1; Redesignated from R.S. 22:1217.1 by Acts 2008, No. 415, §1, eff. Jan. 1, 2009, Acts 2009, No. 317, §1.