§ 27-66-21. Failure to comply — Penalties.
If any person knowingly violates or fails to comply with any provision of this chapter or willingly or knowingly gives false or incorrect information:
(1) The director may, after notice and opportunity for a prompt and fair hearing to the applicant or licensee, deny, suspend or revoke a license, or to take corrective action necessary to secure compliance under this chapter; or
(2) The superior court, after notice and opportunity for a prompt and fair hearing, may impose a fine of not more than one hundred thousand dollars ($100,000) or impose a prison term of not more than five (5) years.
History of Section.P.L. 1999, ch. 215, § 1; P.L. 1999, ch. 376, § 1; P.L. 2009, ch. 310, § 10.
Structure Rhode Island General Laws
Chapter 27-66 - The Health Insurance Conversions Act
Section 27-66-1. - Short title.
Section 27-66-3. - Applicability.
Section 27-66-4. - Definitions.
Section 27-66-5. - Prior approval required — Department of business regulation.
Section 27-66-6. - Initial application — Conversions.
Section 27-66-7.1. - Certain financial incentives prohibited.
Section 27-66-9. - Reports, use of experts, costs.
Section 27-66-10. - Investigation — Notice to attend — Court order to appear — Contempt.
Section 27-66-12. - Licensing fees.
Section 27-66-13. - Concurrent approval — License.
Section 27-66-14. - No derogation of attorney general.
Section 27-66-16. - Powers and duties of the board.
Section 27-66-17. - Personal liability excluded.
Section 27-66-18. - Implementation.
Section 27-66-19. - Annual report.
Section 27-66-20. - General powers and limitations.
Section 27-66-21. - Failure to comply — Penalties.
Section 27-66-22. - Powers of the department of business regulation.
Section 27-66-23. - Determination of confidentiality by the department of business regulation.
Section 27-66-24. - Exceptions — Rehabilitation, liquidation or conservation.
Section 27-66-25. - Applicability.