Rhode Island § 27-9.1-7 § 27-9.1-7. Penalty for violation of cease and desist orders.

Rhode Island Statutes

§ 27-9.1-7 — § 27-9.1-7. Penalty for violation of cease and desist orders.

Rhode Island § 27-9.1-7

Title 27Insurance

Ch. 27-9.1Unfair Claims Settlement Practices Act

This text of Rhode Island § 27-9.1-7 (§ 27-9.1-7. Penalty for violation of cease and desist orders.) is published on Counsel Stack Legal Research, covering Rhode Island primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

R.I. Gen. Laws § 27-9.1-7 (2026).

Text

§ 27-9.1-7. Penalty for violation of cease and desist orders.
Any insurer which violates a cease and desist order of the director and, while the
            order is in effect, may, after notice and hearing and upon order of the director,
            be subject, at the discretion of the director, to:
         
(1) A monetary penalty of not more than twenty-five thousand dollars ($25,000) for each
            and every act or violation not to exceed an aggregate of two hundred fifty thousand
            dollars ($250,000) pursuant to any hearing; and/or
         
(2) Suspension or revocation of the insurer's license.
         

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

§ 27-9.1-7. Penalty for violation of cease and desist orders.

Any insurer which violates a cease and desist order of the director and, while the order is in effect, may, after notice and hearing and upon order of the director, be subject, at the discretion of the director, to:

(1) A monetary penalty of not more than twenty-five thousand dollars ($25,000) for each and every act or violation not to exceed an aggregate of two hundred fifty thousand dollars ($250,000) pursuant to any hearing; and/or

(2) Suspension or revocation of the insurer's license.