If any insurance company or rating organization fails to comply with a written directive or order issued by the commissioner of insurance pursuant to this Subpart within thirty days of the issuance thereof, the commissioner may levy and receive a fine of up to twenty-five thousand dollars. If a hearing has been requested by the insurance company or rating organization, the penalty shall not be imposed until such time as the division of administrative law makes a finding and issues an order that the penalty is warranted in a proper hearing, held in the manner provided in Chapter 12 of this Title, R.S. 22:2191 et seq.
R.S. 22:16 active rs title
Failure to comply with written orders or directives; penalties ACTIVE
Actions
References
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History
- enactment Acts 1978, No. 524, §1
- amendment Acts 1987, No. 313, §1
- amendment Acts 1990, No. 647, §1
- amendment Acts 2007, No. 459, §4, eff. Jan. 1, 2008
- amendment Acts 2009, No. 317, §1
- amendment Acts 2009, No. 503, §1