(a) If the Insurance Commissioner finds after a hearing conducted in accordance with § 23-61-301 et seq. that a health organization has violated this subchapter, the commissioner may order:
(1) For each separate violation, a penalty of one thousand dollars ($1000) or, if the commissioner has found willful misconduct or willful violation, five thousand dollars ($5,000); and
(2) Revocation or suspension of the health organization's license.
(b) The decision, determination, or order of the commissioner under subsection (a) of this section shall be subject to judicial review pursuant to § 23-61-307.
(c) This section does not affect the right of the commissioner to impose any other penalties provided for in the insurance laws of this state.
Structure Arkansas Code
Title 23 - Public Utilities and Regulated Industries
Chapter 63 - Insurance Companies Generally
Subchapter 15 - Risk-Based Capital Requirements for Health Maintenance Organizations
§ 23-63-1503. Company action level event
§ 23-63-1504. Regulatory action level event
§ 23-63-1505. Authorized control level event
§ 23-63-1506. Mandatory control level event
§ 23-63-1508. Confidentiality and prohibition on announcements — Prohibition on use in ratemaking
§ 23-63-1509. Supplemental provisions — Rules — Exemption