Utah Statutes
§ 31A-6b-401 — Cease and desist order -- Fines.
Utah·Title 31A Insurance Code·Ch. 31A-6b Guaranteed Asset Protection Waiver Act·Part 31A-6b-4 Enforcement
(1)In accordance with Title 63G, Chapter 4, Administrative Procedures Act, the commissioner may:
(1)(a) order a person who violates this chapter to cease and desist from an act that violates this chapter;
(1)(b) impose a penalty:
(1)(b)(i) up to $500 per violation; and
(1)(b)(ii) not to exceed the aggregate of $40,000 in a calendar year for the violations under this chapter of a similar nature; or
(1)(c) take a combination of actions under this Subsection (1).
(2)For purposes of this section, a violation is of a similar nature if the violation consists of the same or similar action, course of conduct, or practice, irrespective of the number of times the action, conduct, or practice occurs that is determined to violate this chapter.
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Legislative History
Enacted by Chapter 274, 2010 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.