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§ 3801.313. Penalties

Purdon's Pennsylvania Statutes and Consolidated StatutesTitle 40 P.S. InsuranceEffective: March 21, 2012

Purdon's Pennsylvania Statutes and Consolidated Statutes
Title 40 P.S. Insurance (Refs & Annos)
Chapter 18. Accident and Health Filing Reform Act (Refs & Annos)
Chapter 3. Federal Compliance (Refs & Annos)
Effective: March 21, 2012
40 P.S. § 3801.313
Formerly cited as PA ST 40 P.S. § 3813
§ 3801.313. Penalties
Currentness
(a) General rule.--Upon satisfactory evidence of the violation of any section of this chapter by an insurer or any other person, one or more of the following penalties may be imposed at the commissioner's discretion:
(1) Suspension or revocation of the license of the offending insurer or other person.
(2) Refusal, for a period not to exceed one year, to issue a new license to the offending insurer or other person.
(3) A fine of not more than $5,000 for each violation of this chapter.
(4) A fine of not more than $10,000 for each willful violation of this chapter.
(5) A fine of not more than $10,000 for each violation of section 306.1
(6) A fine of not more than $25,000 for each willful violation of section 306.
(b) Limitation.--Fines imposed against an individual insurer under this chapter shall not exceed $500,000 in the aggregate during a single calendar year.

Credits

1996, Dec. 18, P.L. 1066, No. 159, § 13, effective in 60 days. Renumbered as § 313 and amended by 2011, Dec. 22, P.L. 614, No. 134, § 5, effective in 90 days [March 21, 2012].

Footnotes

1
40 P.S. § 3801.306.
40 P.S. § 3801.313, PA ST 40 P.S. § 3801.313
Current through Act 13 of the 2024 Regular Session. Some statute sections may be more current, see credits for details.
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