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§ 4607. Enforcement

Purdon's Pennsylvania Statutes and Consolidated StatutesTitle 40 P.S. InsuranceEffective: September 28, 2018

Purdon's Pennsylvania Statutes and Consolidated Statutes
Title 40 P.S. Insurance (Refs & Annos)
Chapter 46. Travel Insurance Modernization Act
Effective: September 28, 2018
40 P.S. § 4607
§ 4607. Enforcement
Currentness
(a) Actions by commissioner requiring no notice and hearing.--If the commissioner determines that a travel retailer or a travel retailer's employee or authorized representative has violated any provision of this act, the commissioner may:
(1) Direct the limited lines travel insurance producer to implement a corrective action plan with the travel retailer.
(2) Direct the limited lines travel insurance producer to revoke the authorization of the travel retailer to offer and disseminate travel insurance on its behalf and under its license and to remove the travel retailer's name from its register.
(b) Actions by commissioner requiring notice and hearing.--If the commissioner determines that a travel retailer or a travel retailer's employee or authorized representative has violated any provision in this act, the commissioner, after notice and hearing, may:
(1) Suspend or revoke the license of the limited lines travel insurance producer as authorized under this act or the registration of the travel retailer.
(2) Impose a monetary penalty on the limited lines travel insurance producer.
(3) Impose other conditions and penalties as deemed appropriate by the commissioner, including an order to cease and desist in the engagement of travel insurance transactions with a particular travel retailer and a particular employee or authorized representative of a travel retailer.
(c) Monetary penalties.--In addition to any other action authorized under this act or other law, a limited lines travel insurance producer who aids and abets a travel retailer in the transaction of travel insurance or in any activity concerning travel insurance after being directed to revoke the travel retailer's authorization shall be subject to a monetary penalty under the act of July 22, 1974 (P.L. 589, No. 205),1 known as the Unfair Insurance Practices Act.
(d) Effect of conduct.--For purposes of this act, the conduct of a travel retailer and its employees and authorized representatives regarding the offering or dissemination of travel insurance on behalf of a licensed limited lines travel insurance producer shall be deemed the conduct of the licensed limited lines travel insurance producer.

Credits

2018, May 31, P.L. 125, No. 26, § 7, effective in 120 days [Sept. 28, 2018].

Footnotes

1
40 P.S. § 1171.1 et seq.
40 P.S. § 4607, PA ST 40 P.S. § 4607
Current through Act 10 of the 2024 Regular Session. Some statute sections may be more current, see credits for details.
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