§5079. Penalties
In addition to any other penalties provided by this Title or the laws of this State, an insurer or insurance producer that violates any requirement of this chapter or rule adopted pursuant to this chapter relating to the regulation of long-term care insurance or the marketing of such insurance is subject to a fine of up to the greater of 3 times the amount of commissions paid for each policy involved in the violation or $10,000. [PL 1999, c. 292, §2 (NEW).]
SECTION HISTORY
PL 1999, c. 292, §2 (NEW).
Structure Maine Revised Statutes
TITLE 24-A: MAINE INSURANCE CODE
Chapter 68-A: LONG-TERM CARE INSURANCE
24-A §5073. Extraterritorial jurisdiction; group long-term care insurance
24-A §5074. Disclosure standards for long-term care insurance
24-A §5075. Required provisions; prohibitions; loss ratio standards for long-term care insurance
24-A §5075-A. Certification by superintendent
24-A §5076. Incontestability period
24-A §5077. Nonforfeiture benefits
24-A §5081. Producer training requirements
24-A §5082. Long-term Care Partnership Program; availability of qualified policies