California Insurance Code 15043 – The commissioner, in lieu of suspending or revoking a license issued …
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The commissioner, in lieu of suspending or revoking a license issued under this chapter for violations of Sections 15039, 15041, and 15042, may impose a civil penalty not to exceed five hundred dollars ($500) upon a licensee, if the commissioner determines that such action better serves the purposes of this chapter.
(Added by Stats. 1985, Ch. 1202, Sec. 1.)
Terms Used In California Insurance Code 15043
- Commissioner: means the Insurance Commissioner. See California Insurance Code 15001
- Licensee: means a person licensed under this chapter. See California Insurance Code 15001