514G.113 Penalties.
In addition to any other penalties provided by the laws of this state, any insurer or any producer found to have violated a provision of this chapter or any other 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 times the amount of any commission paid for each policy involved in the violation, or up to ten thousand dollars, whichever is greater. A fine collected under this section shall be deposited as provided in section 505.7.
2008 Acts, ch 1175, §14; 2009 Acts, ch 181, §75
Structure Iowa Code
Chapter 514G - LONG-TERM CARE INSURANCE ACT
Section 514G.10 - Long-term care consumer guide.
Section 514G.101 - Title and purpose.
Section 514G.103 - Definitions.
Section 514G.104 - Extraterritorial jurisdiction — group long-term care insurance.
Section 514G.105 - Disclosure and performance standards for long-term care insurance.
Section 514G.106 - Incontestability period.
Section 514G.107 - Nonforfeiture benefits.
Section 514G.108 - Prompt payment of claims — requirements.
Section 514G.109 - Benefit trigger determinations — notice — appeals.
Section 514G.110 - Independent review of benefit trigger determinations.
Section 514G.111 - Authority to promulgate rules.