§ 5039. Penalties
In addition to any other penalty provided for in this chapter or otherwise provided by law, including any suspension, revocation, or refusal to renew a license, any person, firm, association, or corporation violating any provision of this chapter shall be liable for an administrative penalty not exceeding $1,000.00 for the first offense, and not exceeding $2,500.00 for each succeeding offense. (Added 1979, No. 50, § 2; amended 1995, No. 167 (Adj. Sess.), § 22.)
Structure Vermont Statutes
Title 8 - Banking and Insurance
Chapter 138 - Non-Admitted Insurers and Surplus Lines Insurance
§ 5021. Non-Admitted Insurance Act; short title
§ 5023. Surplus lines insurance; authorized
§ 5023a. Domestic surplus lines insurer; authorized
§ 5024. Conditions for placement of insurance
§ 5025. Exceptions concerning placement of insurance with non-admitted insurers; records
§ 5026. Solvent insurers required
§ 5027. Evidence of the insurance; changes; penalty
§ 5028. Information required on contract
§ 5029. Surplus lines insurance valid
§ 5030. Liability of surplus lines insurer for losses and unearned premiums
§ 5031. Licensing of surplus lines brokers
§ 5032. Surplus lines broker may accept business from other producers
§ 5033. Records of surplus lines broker
§ 5034. Quarterly reports; summary of exported business
§ 5036. Direct placement of insurance
§ 5037. Suspension, revocation, or refusal of surplus lines broker’s license