The Worker’s Compensation Commission is authorized to double the amount of fines and penalties assessed for each violation of the workers’ compensation law, except that for employers found to be uninsured in violation of the workers’ compensation law, the minimum amount of the penalty assessed shall be seven hundred fifty dollars a year of noncompliance and the maximum amount of the penalty shall be one thousand dollars a year of noncompliance. The commission is further authorized to retain and expend all revenues received as a result of these collections.