Section 17. Any person or organization wilfully violating any provision of this chapter shall be punished by a fine of not more than five hundred dollars for each such violation. Such penalty may be in addition to any other penalty provided by law.
The commissioner may suspend the license of any rating organization or insurer which fails to comply with an order of the commissioner within the time limited by such order, or any extension thereof which the commissioner may grant. The commissioner shall not suspend the license of any rating organization or insurer for failure to comply with an order until the time prescribed for an appeal therefrom has expired or, if an appeal has been taken, until such order has been affirmed. The commissioner may determine when a suspension of license shall become effective and it shall remain in effect for the period fixed by him, unless he modifies or rescinds such suspension, or until the order upon which such suspension is based is modified, rescinded or reversed.
No license shall be suspended or revoked except upon a written order of the commissioner, stating his findings, made after a hearing held upon not less than ten days' written notice to such person or organization specifying the alleged violation.
Structure Massachusetts General Laws
Part I - Administration of the Government
Section 2 - Purpose; Construction
Section 4 - Restrictions on Application
Section 5 - Rates; General Provisions
Section 6 - Rates; Filing With Commissioner
Section 7 - Defective Filing; Remedy of Aggrieved Persons
Section 8 - Rating Organizations; Licensing; Fee; Powers; Regulations
Section 9 - Filings by Voting Organization; Adherence by Members; Deviation; Application; Hearing
Section 10 - Rating Organizations; Action or Decision; Appeal
Section 11 - Rating Organization; Duties; Appearance by Agent or Broker
Section 12 - Advisory Organizations
Section 13 - Joint Reinsurance; Regulation
Section 14 - Rating and Advisory Organizations; Examination
Section 14a - Fire Insurance Ratings; Hearings
Section 15 - Commissioner; Rule-Making Power
Section 16 - False or Misleading Information