41-4611. PENALTIES. 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 long-term care insurance or the marketing of such insurance shall be subject to a fine of up to three (3) 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.
History:
[41-4611, added 1999, ch. 98, sec. 2, p. 311.]
Structure Idaho Code
Chapter 46 - LONG-TERM CARE INSURANCE ACT
Section 41-4603 - DEFINITIONS.
Section 41-4604 - EXTRATERRITORIAL JURISDICTION — GROUP LONG-TERM CARE INSURANCE.
Section 41-4605 - DISCLOSURE AND PERFORMANCE STANDARDS FOR LONG-TERM CARE INSURANCE.
Section 41-4606 - INCONTESTABILITY PERIOD.
Section 41-4607 - NONFORFEITURE BENEFITS.
Section 41-4608 - AUTHORITY TO PROMULGATE RULES.
Section 41-4609 - ADMINISTRATIVE PROCEDURES.