Indiana § 27-8-12-19 - Violations; civil penalty; amount

§ 27-8-12-19. Violations; civil penalty; amount

Sec. 19. (a) In addition to any other sanction provided under this article, the commissioner may impose a civil penalty against an insurer who has violated this chapter or rules adopted under this chapter. A penalty imposed under this section must be the greater of:

(1) three (3) times the amount of the commissions paid for each policy involved in the violation; or

(2) ten thousand dollars ($10,000).

(b) In addition to any other sanction provided under this title, the commissioner may impose a penalty against an insurance producer who has violated this chapter or rules adopted under this chapter. The penalty must be the greater of:

(1) up to three (3) times the amount of the commissions paid to that insurance producer for each policy involved in the violation; or

(2) twenty-five hundred dollars ($2,500).

As added by P.L.114-1991, SEC.21. Amended by P.L.178-2003, SEC.68.

IC 27-8-13Chapter 13. Medicare Supplement Insurance

27-8-13-0.1Application of certain amendments to chapter 27-8-13-1"Medicare" defined 27-8-13-2"Medicare supplement insurance solicitation" defined 27-8-13-3"Medicare supplement policy" 27-8-13-4Receipt for materials received by soliciting insurance producer; "materials" defined 27-8-13-5"Applicant" defined 27-8-13-6"Certificate" defined 27-8-13-6.2"Certificate form" defined 27-8-13-7Repealed 27-8-13-7.3"Issuer" defined 27-8-13-7.6"Policy form" defined 27-8-13-8Application of chapter 27-8-13-9Medicare supplement policies; standards; preexisting medical conditions 27-8-13-9.1Medicare supplement policies for individuals with certain disabilities and end stage renal disease 27-8-13-9.2Limitations on issuer of medicare supplement policies when the applicant has certain disabilities or has end stage renal disease 27-8-13-9.3Prohibition on denying, conditioning, or discriminating in the pricing of Medicare supplement policies for certain applicants 27-8-13-9.5Expired 27-8-13-10Medicare supplement policy and certificate standards; conformity with federal law and regulations 27-8-13-10.1Model Medicare supplement policy standards 27-8-13-11Repealed 27-8-13-12Reasonable benefits; loss ratio standards 27-8-13-13Repealed 27-8-13-14Outline of coverage; contents 27-8-13-15Informational brochures 27-8-13-16Disclosures distinguishing Medicare supplement coverages from accident and sickness coverages 27-8-13-17Return privilege notice; refund 27-8-13-18Review and approval of proposed advertisements 27-8-13-19Penalties for noncompliance 27-8-13-20Refund of unused premiums