West Virginia Statutes

§ 33-11-8 — Penalty for violation of cease and desist orders

West Virginia·Ch. 33  INSURANCE·Art. 11 UNFAIR TRADE PRACTICES

If, after notice and hearing, the commissioner determines that any person has violated a cease and desist order issued by the commissioner and which such order is still in effect, the commissioner may at his discretion order any one or more of the following:

(a)Require the payment to the State of West Virginia of a penalty in a sum not exceeding $10,000 for each and every act or violation.
(b)Revoke or suspend the license of such person.

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Legislative History

1974 Reg. Sess., HB718; 1957 Reg. Sess., HB126; 1935 Reg. Sess., SB155

Nearby Sections

15
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