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§ 981-10. Penalties

Purdon's Pennsylvania Statutes and Consolidated StatutesTitle 40 P.S. Insurance

Purdon's Pennsylvania Statutes and Consolidated Statutes
Title 40 P.S. Insurance (Refs & Annos)
Chapter 2. Insurance Companies (Refs & Annos)
Article X-a. Health Care Insurance Individual Accessibility
40 P.S. § 981-10
§ 981-10. Penalties
Currentness
Upon satisfactory evidence of a violation of this article by an insurer or other person, the commissioner may pursue any one or more of the following penalties:
(1) Suspend, revoke or refuse to renew the license of the insurer or other person.
(2) Enter a cease and desist order.
(3) Impose a civil penalty of not more than five thousand dollars ($5,000).
(4) Impose a civil penalty of not more than ten thousand dollars ($10,000) for a wilful violation of this article.
(b)1Penalties imposed on an insurer or other person under this article shall not exceed five hundred thousand dollars ($500,000) in the aggregate during a single calendar year.

Credits

1921, May 17, P.L. 682, No. 284, § 1010-A, added 1997, Nov. 4, P.L. 492, No. 51, § 4, effective Jan. 1, 1998.

Footnotes

1
No subsec. (a) in original.
40 P.S. § 981-10, PA ST 40 P.S. § 981-10
Current through Act 10 of the 2024 Regular Session. Some statute sections may be more current, see credits for details.
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