In addition to any other penalties provided by law, any insurer and any producer found to have violated any requirement of this state relating to the regulation of long-term care insurance or the marketing of such insurance shall be subject to a fine of up to three times the amount of any commissions paid for each policy involved in the violation or up to ten thousand dollars, whichever is greater.
R.S. 22:1191 active rs title
Penalties ACTIVE
Actions
References
None.
Cited by
None.
History
- enactment Acts 2004, No. 780, §1, eff. Jan. 1, 2005