Rhode Island § 27-71-11 § 27-71-11. Fines and penalties.

Rhode Island Statutes

§ 27-71-11 — § 27-71-11. Fines and penalties.

Rhode Island·Title 27 Insurance·Ch. 27-71 Market Conduct Surveillance Act

§ 27-71-11. Fines and penalties.
(a) Fines and penalties levied pursuant to this chapter or other provisions of the general
            laws shall be consistent, reasonable, and justified.
         
(b) The commissioner shall take into consideration actions taken by insurers that maintain
            membership in best-practice organizations that exist to promote high ethical standards
            of conduct in the marketplace, and insurers that self-assess, self-report, and remediate
            problems detected to mitigate fines levied pursuant to this chapter.
         

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§ 27-71-11. Fines and penalties.

(a) Fines and penalties levied pursuant to this chapter or other provisions of the general laws shall be consistent, reasonable, and justified.

(b) The commissioner shall take into consideration actions taken by insurers that maintain membership in best-practice organizations that exist to promote high ethical standards of conduct in the marketplace, and insurers that self-assess, self-report, and remediate problems detected to mitigate fines levied pursuant to this chapter.

Rhode Island § 27-71-11 (§ 27-71-11. Fines and penalties.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.