If, after notice and hearing, the commissioner determines that any person has violated a cease and desist order issued by the commissioner and which such order is still in effect, the commissioner may at his discretion order any one or more of the following:
(a) Require the payment to the State of West Virginia of a penalty in a sum not exceeding $10,000 for each and every act or violation.
(b) Revoke or suspend the license of such person.
Structure West Virginia Code
Article 11. Unfair Trade Practices
§33-11-1. Declaration of Purpose
§33-11-3. Unfair Methods of Competition and Unfair or Deceptive Acts or Practices Prohibited
§33-11-4. Unfair Methods of Competition and Unfair or Deceptive Acts or Practices Defined
§33-11-4a. Complaints by Third-Party Claimants; Elimination of Private Cause of Action
§33-11-4b. Unfair Claims Settlement Practice Trust Fund
§33-11-5. Favored Agent or Insurer; Coercion of Debtors
§33-11-5a. Replacement of Life Insurance
§33-11-6. Violations, Cease and Desist and Penalty Orders and Modifications Thereof
§33-11-7. Undefined Acts or Practices
§33-11-8. Penalty for Violation of Cease and Desist Orders