§431:8-320 Penalties. (a) Any surplus lines broker who in this State represents or aids an unauthorized insurer in violation of this article may be fined not more than $1,000.
(b) In addition to any other penalty provided for in this part or otherwise provided by law, including any suspension, revocation or refusal to renew a license, any person, firm, association or corporation violating any provisions of this article shall be liable to a penalty not exceeding $1,000 for the first offense, and not exceeding $2,000 for each succeeding offense.
(c) The above penalties are not exclusive remedies, penalties may also be assessed under article 13. [L 1987, c 347, pt of §2]
Section: Previous 431-8-313 431-8-314 431-8-315 431-8-316 431-8-317 431-8-318 431-8-319 431-8-320 431-8-321 431-8-322 431-8-323 431-8-324 431-8-325 431-8-326 431-8-327 NextLast modified: October 27, 2016