Any person who violates a cease and desist order of the Insurance Commissioner under § 23-66-210 while the order is in effect may, after notice and hearing upon order of the commissioner, be subject at the discretion of the commissioner to any one (1) or more of the following:
(1) A monetary penalty of not more than ten thousand dollars ($10,000) for each and every act of violation; or
(2) Suspension or revocation of that person's license.
Structure Arkansas Code
Title 23 - Public Utilities and Regulated Industries
Subchapter 2 - Trade Practices Act
§ 23-66-204. Provisions of subchapter additional to existing law
§ 23-66-205. Unfair competition or unfair or deceptive acts or practices prohibited
§ 23-66-206. Unfair methods of competition and unfair or deceptive acts or practices defined
§ 23-66-207. Rules to identify prohibited methods of competition, acts, or practices
§ 23-66-208. Power of commissioner to examine and investigate
§ 23-66-209. Hearings — Procedures
§ 23-66-210. Cease and desist and penalty orders — Modifications
§ 23-66-211. Penalty for violation of cease and desist orders
§ 23-66-212. Judicial review of cease and desist orders
§ 23-66-213. Judicial review by intervenor
§ 23-66-215. Penalty for late payment of claims by health carriers