§ 27-54-2. Civil penalties.
In addition to the criminal penalties set forth in § 27-54-1, the attorney general or the director or his or her designee may bring a civil action against any person who engages in conduct constituting an offense under this chapter and, upon proof of that conduct by a preponderance of the evidence, the person shall be subject, for each violation, to a civil penalty not exceeding fifty thousand dollars ($50,000) or the amount of damages caused by that conduct, whichever is greater. If the insurance company is placed in conservation, rehabilitation, or liquidation, the conservator or receiver shall also be entitled to bring a civil action, and the penalty shall be paid to the conservator or receiver for the benefit of the policyholders, claimants, and creditors of the insurer. The imposition of a civil penalty under this subsection does not preclude any other criminal or civil statutory, common law, or administrative remedy, which is available by law to the state of Rhode Island or any other person.
History of Section.P.L. 1994, ch. 86, § 1.
Structure Rhode Island General Laws
Chapter 27-54 - Insurance Fraud Prevention Act
Section 27-54-1. - Crimes by or affecting persons engaged in the business of insurance.
Section 27-54-2. - Civil penalties.
Section 27-54-3. - Investigations.
Section 27-54-4. - Duty to notify.
Section 27-54-5. - Disqualification of officer and directors.
Section 27-54-6. - Injunctions.
Section 27-54-7. - Whistleblower protections.
Section 27-54-8. - Disclosure of arson conviction.
Section 27-54-9. - Other law enforcement authority, powers and duties not affected or impaired.