§ 8099. Enforcement
(a) No policy may be advertised, marketed, or offered as long-term care insurance unless it complies with the provisions of this chapter and rules adopted under this chapter.
(b) In addition to any other remedy or sanction provided by law, after notice and opportunity for hearing, the Commissioner may assess an administrative penalty in an amount not to exceed $10,000.00 or up to three times the amount of any commissions paid, whichever is greater, for each violation against any person who violates any provision of this chapter.
(c) A person who violates a provision of this chapter shall be fined not more than $10,000.00 or imprisoned for not more than six months, or both.
(d) The Department or the Attorney General at the request of the Department may bring an action to enforce the provisions of this chapter in Washington Superior Court. (Added 2003, No. 124 (Adj. Sess.), § 2, eff. Jan. 1, 2005.)
Structure Vermont Statutes
Title 8 - Banking and Insurance
Chapter 154 - Long-Term Care Insurance
§ 8083. Extraterritorial jurisdiction
§ 8084a. Required disclosure of rating practices to consumers
§ 8085. Minimum benefits and coverage; general
§ 8086. Preexisting conditions
§ 8087. Prior institutionalization
§ 8089. Right to return; free look
§ 8090. Outline of coverage for applicant; certificate
§ 8091. Policy summary for life insurance policy providing long-term care benefits
§ 8092. Acceleration of life insurance death benefit; monthly report
§ 8093. Denial of claims; written explanation
§ 8094. Incontestability period
§ 8095. Nonforfeiture benefits
§ 8096. Secondary notice of cancellation