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§ 3705. Enforcement

Purdon's Pennsylvania Statutes and Consolidated StatutesTitle 40 Pa.C.S.A. InsuranceEffective: October 30, 2017

Purdon's Pennsylvania Statutes and Consolidated Statutes
Title 40 Pa.C.S.A. Insurance (Refs & Annos)
Part II. Regulation of Insurers and Related Persons Generally (Refs & Annos)
Chapter 37. Unclaimed Life Insurance Benefits
Effective: October 30, 2017
40 Pa.C.S.A. § 3705
§ 3705. Enforcement
Currentness
(a) Actions.--Upon a determination by hearing that an insurer has violated this chapter, the commissioner may pursue one or more of the following courses of action:
(1) issue an order requiring the insurer to cease and desist from engaging in the violation or suspend, revoke or refuse to issue the certificate of qualification or license of the offending insurer.
(2) impose a civil penalty of not more than $5,000 for each violation.
(b) Additional remedies or penalties.--The enforcement remedies imposed under this section shall be in addition to any other remedies or penalties imposed by statute.
(c) Administrative procedure.--An action or adjudication of the commissioner under this section shall be preceded by a hearing in accordance with 2 Pa.C.S. Ch. 5 Subch. A (relating to practice and procedure of Commonwealth agencies) and shall be subject to review and appeal in accordance with 2 Pa.C.S. Ch. 7 Subch. A (relating to judicial review of Commonwealth agency action).

Credits

2016, Nov. 3, P.L. 1043, No. 132, § 1, effective in 360 days [Oct. 30, 2017].
40 Pa.C.S.A. § 3705, PA ST 40 Pa.C.S.A. § 3705
Current through Act 13 of the 2024 Regular Session. Some statute sections may be more current, see credits for details.
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