Sec. 14. In addition to any other penalty provided by law, any person, firm, or corporation which violates an order of the commissioner after it has become final, and while such order is in effect, shall, upon proof thereof to the satisfaction of the court, forfeit and pay to the state of Indiana a sum not to exceed two hundred fifty dollars ($250), which may be recovered in a civil action, except that if such violation is found to be willful, the amount of such penalty shall be a sum not to exceed one thousand dollars ($1000). The commissioner, in his discretion, may revoke or suspend the license or certificate of authority of the person, firm, or corporation guilty of such violation. Such order for suspension or revocation shall be upon notice and hearing, and shall be subject to judicial review as provided in section 13 of this chapter.
Formerly: Acts 1961, c.47, s.14. As amended by P.L.252-1985, SEC.302.
Structure Indiana Code
Article 8. Life, Accident, and Health
Chapter 4. Credit Life and Credit Accident and Health Insurance
27-8-4-0.1. Application of Certain Amendments to Chapter
27-8-4-2. Citation; Scope; Definitions
27-8-4-4. Limitations on Amount of Insurance
27-8-4-7. Filing of Documents; Disapproval of Form of Policy; Effect; Withdrawal of Approval; Review
27-8-4-8. Revision of Rate Schedules; Credit or Refund of Premiums
27-8-4-9. Persons Authorized to Issue or Deliver Policies
27-8-4-9.5. Debtor's Right to Cancel Policy; Required Provisions in Application Form; Time Limit
27-8-4-10. Report, Adjustment, and Settlement of Claims
27-8-4-11. Debtor's Choice of Insurer; Use of Existing Policies