Sec. 19. (a) If a person violates this chapter, the insurance commissioner may enter an order requiring the person to cease and desist from violating this chapter.

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Terms Used In Indiana Code 27-7-18-19

  • person: means an individual, a corporation, a limited liability company, a partnership, or any other legal entity. See Indiana Code 27-7-18-7
     (b) If a person violates a cease and desist order issued under subsection (a), the insurance commissioner, after notice and hearing under IC 4-21.5, may:

(1) impose a civil penalty upon the person of not more than ten thousand dollars ($10,000) for each day of violation;

(2) suspend or revoke the person’s certificate of authority, if the person holds a certificate of authority under this title; or

(3) both impose a civil penalty upon the person under subdivision (1) and suspend or revoke the person’s certificate of authority under subdivision (2).

As added by P.L.17-2024, SEC.19.