A person who violates this subchapter is subject to the following:
(1) (A) Suspension or revocation of license, civil penalties of up to ten thousand dollars ($10,000) per violation, or both.
(B) Suspension or revocation of license and imposition of civil penalties shall be pursuant to an order of the Insurance Commissioner issued under § 23-61-301 et seq.
(C) The commissioner's order may require a person found to be in violation of this subchapter to make restitution to persons aggrieved by violations of this subchapter;
(2) (A) A person convicted of a violation of § 23-66-502 by a court of competent jurisdiction shall be guilty of a Class D felony.
(B) A person convicted of a violation of § 23-66-502 shall be ordered to pay restitution to persons aggrieved by the violation of this subchapter.
(C) Restitution shall be ordered in addition to a fine or imprisonment; and
(3) A person convicted of a felony violation of this subchapter pursuant to subdivision (2) of this section shall be disqualified from engaging in the business of insurance.
Section: Previous 23-66-502 23-66-503 23-66-504 23-66-505 23-66-506 23-66-507 23-66-508 23-66-509 23-66-510 23-66-511 23-66-512 23-66-513 NextLast modified: November 15, 2016