Utah Statutes
§ 31A-6a-109 — Enforcement provisions.
(1)If the commissioner finds, as part of an adjudicative proceeding under Title 63G, Chapter 4, Administrative Procedures Act, that a person has violated any provision of this chapter, the commissioner may take one or more of the following actions:
(1)(a) revoke a registration issued under this chapter;
(1)(b) suspend, for a specified period of 12 months or less, a registration issued under this chapter;
(1)(c) deny an application for a registration under this chapter;
(1)(d) assess a forfeiture equal to two times the amount of any profit gained from the violation; or
(1)(e) assess an additional forfeiture not to exceed $1,000 per violation.
(2)If the violations are continuing, or are of a serious nature, or a person's business practices in connection with the solicitation, sale, offerin
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Legislative History
Amended by Chapter 120, 2024 General Session
Nearby Sections
15
§ 31A-1-101
Short title.§ 31A-1-102
Purposes.§ 31A-1-103
Scope and applicability of title.§ 31A-1-104
Authorization to do insurance business.§ 31A-1-105
Presumption of jurisdiction.§ 31A-1-106
Residual unlicensed domestic insurers.§ 31A-1-107
Licensees under former Title 31.§ 31A-1-108
Corporations in the process of organizing.§ 31A-1-109
Name of licensee.§ 31A-1-110
Scope of a license.§ 31A-1-201
Construction.§ 31A-1-202
Effect of repeal of former provisions.§ 31A-1-203
Interpretive rules.§ 31A-1-205
Severability.§ 31A-1-301
Definitions.