In addition to any other penalties provided by the laws of this state, any insurer and any agent found to have violated any requirement of this state relating to the regulation of Medicare supplement insurance or the marketing of this 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 ($10,000), whichever is greater.
Structure Code of Alabama
Chapter 19 - Disability Insurance Policies.
Article 2 - Medicare Supplement Policy Minimum Standards.
Section 27-19-50 - Short Title.
Section 27-19-51 - Purpose of Article.
Section 27-19-52 - Definitions.
Section 27-19-52.1 - Applicability of Article.
Section 27-19-53 - Standards for Policy Provisions; Limitations of Benefits.
Section 27-19-55 - Standards for Loss Ratios.
Section 27-19-56 - Outline of Coverage; Disclosure of Information.
Section 27-19-57 - Right of Return and Refund.
Section 27-19-57.1 - Review of Advertisements.
Section 27-19-57.2 - Additional Penalties for Violation of Article.