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§ 991.1625. Penalties

Purdon's Pennsylvania Statutes and Consolidated StatutesTitle 40 P.S. InsuranceEffective: September 20, 2010

Purdon's Pennsylvania Statutes and Consolidated Statutes
Title 40 P.S. Insurance (Refs & Annos)
Chapter 2. Insurance Companies (Refs & Annos)
Article XVI. Surplus Lines (Refs & Annos)
Effective: September 20, 2010
40 P.S. § 991.1625
§ 991.1625. Penalties
(a) Any surplus lines licensee who, in this Commonwealth, represents or aids a nonadmitted insurer in violation of this article commits a misdemeanor of the third degree and shall, upon conviction, be sentenced to pay a fine of not more than two thousand ($2,000) dollars.
(b) In addition to any other penalty provided for in subsection (a) or otherwise provided by law, including any suspension, revocation or refusal to renew a license, any person violating any provision of this article shall be liable to a civil penalty not exceeding two thousand ($2,000) dollars for the first offense and not exceeding four thousand ($4,000) dollars for each succeeding offense.
(c) The penalties in this section are not exclusive remedies. Penalties may also be assessed under the act of July 22, 1974 (P.L. 589, No. 205),1 known as the “Unfair Insurance Practices Act,” and any other applicable statute.

Credits

1921, May 17, P.L. 682, No. 284, art. XVI, § 1625, added 1992, Dec. 18, P.L. 1519, No. 178, § 19, effective in 120 days. Amended 2010, March 22, P.L. 147, No. 14, § 14, effective in 180 days [Sept. 20, 2010].

Footnotes

40 P.S. § 1171.1 et seq.
40 P.S. § 991.1625, PA ST 40 P.S. § 991.1625
Current through Act 10 of the 2024 Regular Session. Some statute sections may be more current, see credits for details.
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